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IPO Details

Issue Date

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Investment/lot

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Price Range

308 - 326

Lot Size

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IPO Size

₹ 562.10 Cr

IPO Listing Details

Listing On

6 Sep'22

Issue Price

326

Listed Price

₹ 508.7

Retail Gain/Listing Gain

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Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

DreamFolks Services Limited is a dominant player and India's largest airport service aggregator platform (Source: F&S Report).

The company’s asset-light business model integrates global card networks operating in India (Card Networks), credit card and debit card issuers (Card Issuers), and other corporate clients, in India, including airline companies with various airport lounge operators and other airport related service providers on a unified technology platform.

DreamFolks’ facilitates customers of Clients’ (Consumers) access to airport related services such as lounges, food and beverage, spa, meet and assist, airport transfer, transit hotels /nap room access, and baggage transfer.

The company has tied-up with around 57 restaurants and food & beverage outlets at 18 airports across India, as of March 31, 2022. It also offers airport 'pick-up and drop' facilities in 47 cities across India and in 145 cities outside India, as of March 31, 2022.

The company’s dominance is underpinned by facilitating access to 100% of the 54 lounges currently operational in India, and it also enjoys a market share of over 95% of all India issued credit card and debit card access to airport lounges in Fiscal 2022. Additionally, in Fiscal 2022, it also accounted for around 68% of the overall lounge access volume in India. (Source: F&S Report).

As at March 31, 2022, through partnerships with other service providers, the company has a global footprint extending to 1,416 touch-points in 121 countries across the world out of which, 244 touch-points are present in India and 1,172 touch-points overseas.

As at March 31, 2022, through partnerships with other service providers, the company has a global footprint extending to 1,416 touch-points in 121 countries across the world out of which, 244 touch-points are present in India and 1,172 touch-points overseas.

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Dominant player in airport lounge aggregation industry
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Entrenched relationships with marquee Clients
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Strong business moat due to flywheel effect led by clients & operators network
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Asset and human resource light business model
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Proprietary technology platform that ensures scalability
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Here are a few strategies DreamFolks Services Limited has for its business:

  • Increase wallet share with existing Clients
  • Continue to maintain its 100% coverage of airport lounges by expanding coverage across new airport lounges in India
  • Expand into newer sectors to create customer engagement and provide loyalty management solutions
  • Continued focus to expand client base in current sectors
  • Capitalize on its dominance in the airport lounge access market and target new high growth markets globally

And finally here’s a look at key financials of DreamFolks Services Limited.

Particulars (in Rs. million)

Particulars (in Rs. million)

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Dreamfolks Services Ltd IPO FAQs

562.10 is the issue size of Dreamfolks Services Ltd IPO.

The price band of Dreamfolks Services Ltd IPO is ₹308 to ₹326.

The DreamFolks Services IPO has an issue size of around Rs 562 crore. The IPO opens for subscription on 24th August and ends on 26th August, 2022.

The allotment dates are yet to be announced.

Link Intime India Private Limited is the registrar for this IPO.

The dates are yet to be decided.

You can read more about DreamFolks Services Limited and its IPO from the company’s red herring prospectus (RHP) here:

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