Dreamfolks_Services_IPO

Dreamfolks Services IPO | Review

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Dreamfolks Services Limited has come up with an initial public offer (IPO). It will open on August 24-26, 2022 at Rs.308-326 a share. The IPO issue size is around Rs.562.10 crore. The minimum bid will be for 46 shares and in its multiples thereafter.

Overview

Dreamfolks is a dominant player and India’s largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology driven platform. 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 (Corporate Clients and along with Card Networks and Card Issuers, the Clients) with various airport lounge operators and other airport related service providers on a unified technology platform. It facilitate customers of Clients’ (Consumers) access to the following airport related services (i) lounges, (ii) food and beverage (iii) spa, (iv) meet and assist, (v), airport transfer (vi) transit hotels /nap room access, and (vii) baggage transfer.

Dreamfolds Ltd. also enjoyed a market share of over 95% of all India issued credit card and debit card (Card Based) access to airport lounges in 2022. Additionally, it also accounted for around 68% of the overall lounge access volume in India. Further, it have 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. The company began effective operations in 2013 by facilitating lounge access services for the Consumers of Mastercard.

Website https://www.dreamfolks.in/

Promoters

Liberatha Peter Kallat – 33%Mukesh Yadav – 34%
Dinesh Nagpal – 33%

Promoter Holding

Pre-Issue Shareholding – 100%Post-Issue Shareholding – 67%

Strength & Weakness

StrengthsWeaknesses
Dominant player in the airport lounge industryHighly depends on financial institutions
Strong relationships with global card network providers in India Business depends substantially on our Promoters
Strong business moatHighly dependent on air travel industry
Growing Consumer baseHeavily reliant on a few Client
Strong track record of delivering consistent growthHeavily dependent on the Debit & Credit cards
Proprietary technology platformPotential saturation of Indian markets
Experienced promoters and management teamHighly depends on airport lounge operators
Prominent Indian and global banks and corporates customersCyber-attacks or system security risks

Customers

MastercardVisaDiners/Discover
RupayICICI BankAxis Bank
Kotak Mahindra BankHDFC BankSBI Cards
IndiGoEaseMyTripClub Mahindra
Air AsiaVodafone-IdeaHettich

Competitors

The company does not have any listed peer companies

Company Financials

YearRevenue (in Crore)Profit (in Crore)
31-Mar-2020367.8131.68
31-Mar-2021108.11-1.45
31-Mar-2022283.9916.25

Object of Issue

1) To carry out the Offer for Sale (OFS) of up to 17,242,368 Equity Shares

2) Provide liquidity to selling Shareholders

3) Benefits of listing the Equity Shares on the Stock Exchanges

4) Enhance company’s visibility and brand image

Dreamfolks Services IPO Lot Size

ApplicationLotSharesAmount
Minimum146Rs.14,996
Maximum13598Rs.1,94,948

Dreamfolks Services IPO details

IPO Opening Date August 24, 2022
IPO Closing Date August 26, 2022
Face Value Rs.2 per Equity Share
IPO Price Rs.308-326 per share
Market Lot 46 shares
Minimum Order Quantity 46 shares
Listing At NSE, BSE
No. of shares offered (OFS)17,242,368 shares
Issue Size Up to Rs. 562.10 Crore
QIB Shares Offered 75% of the offer
Retail Shares Offered 10% of the offer 
NII/HNI Shares Offered 15% of the offer 

Dreamfolks Services IPO Timetable

IPO DateAugust 24-26, 2022
Allotment DateSeptember 1, 2022
Initiation of RefundsSeptember 2, 2022
Credit of share to Demat a/cSeptember 5, 2022
IPO Listing DateSeptember 6, 2022

Allotment Status

Link Intime – https://linkintime.co.in/mipo/ipoallotment.html

Book Lead Managers

Registrar

About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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