Use app for best experience!
Available for Android Device.

Dreamfolks Services Limited IPO Detail

Dreamfolks Services Limited IPO Detail

DreamFolks is a dominant player and India's largest airport service aggregator platform, an incubator of the industry with its unique, asset light, capital efficient business model. DreamFolks' provides services to all the Card Networks operating in India including Visa, Mastercard, Diners/Discover and RuPay; and many of India's prominent Card Issuers including ICICI Bank Limited, Axis Bank Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited (in respect of debit card lounge program) and SBI Cards and Payment Services Limited. DreamFolks carefully crafted a service proposition and a tech platform to provide DreamFolks clients (such as card network providers, banks, airline operators and hotels) the option of offering a wide-ranging bouquet of services to their end customers, as part of their customer engagement and loyalty management programs. It provides with access to a host of services: from door-step to the airport, within the airport, and again from the airport to the door-step at the destination, including Lounges, Food and Beverage, Spa, Meet and Assist, Airport Transfer, Transit Hotels/Nap Room access, and Baggage Transfer.

DreamFolks' dominant position is underpinned by its estimated market share of over 95% in Fiscal 2022 of all India issued Card Based access to domestic lounges in India (F&S Report). DreamFolks has 50 Clients including the Card Networks and many of India's prominent Card Issuers as of March 31, 2022, and 9.79 million (97.9 lakh) pax (people or passengers), cumulatively, had availed of its services, since Fiscal 2020. Through its partnerships with other service providers, DreamFolks 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. Out of the total estimated pax of 75 lakh accessing lounges in India in FY20 (pre-pandemic), 48.8 pax did so through DreamFolks' network. In FY22 (pandemic year), DreamFolks facilitated access to 35.3 lakh out of a total of 52 lakh pax accessing lounges in India.

DreamFolks' first mover advantage in the lounge access aggregator industry in India has enabled it to become a dominant player in the industry with a share of over 80% in the domestic lounge access market in India. DreamFolks' dominance is underpinned by facilitating access to 100% of the 54 lounges currently operational in India (Source: F&S Report). DreamFolks' has tied up with various entities to facilitate access to around 57 restaurants / F&B outlets at 18 airports across India, as at March 31, 2022. Over the years, the company has transformed from being an airport lounge access aggregator to an end-to-end technology solutions provider for designing and delivering services that enhance the airport experience.

Company Promoters

Liberatha Peter Kallat, Mukesh Yadav and Dinesh Nagpal are the company promoters.

IPO Details

IPO Opening DateAug 24, 2022
IPO Closing DateAug 26, 2022
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price ₹308 - 326 per equity share
Market Lot46 Shares
Min Order Quantity46 Shares
Listing AtBSE, NSE
Issue Size₹562.10 Cr
Fresh Issue17,242,368 shares of ₹2 (aggregating up to ₹562.10 Cr)
Offer for Sale17,242,368 shares of ₹2 (aggregating up to ₹[.] Cr)
Retail Portion 10%

IPO Subscription (Bidding Detail)

Day 1 0.25x 1.39x 7.93x 0x - 1.96x
Day 2 0.6x 8.4x 19.11x 0x - 6.1x
Day 3 70.53x 37.66x 43.66x 0x - 56.67x

IPO Tentative Timetable

The Dreamfolks Services Limited IPO open date is Aug 24, 2022, and the close date is Aug 26, 2022. The issue may list on Sep 06, 2022.

IPO Open DateAug 24, 2022
IPO Close DateAug 26, 2022
Basis of Allotment DateSep 01, 2022
Initiation of RefundsSep 02, 2022
Credit of Shares to Demat AccountSep 05, 2022
IPO Listing DateSep 06, 2022

IPO Lot Size

The Dreamfolks Services Limited IPO market lot size is 46 shares. A retail-individual investor can apply for up to 13 lots (598 shares or ₹194948).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding67%

Company Financials:

For the year/period ended (₹ in Crore)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-20 137.76 367.81 31.68
31-Mar-21 122.5 108.11 -1.45
31-Mar-22 168.68 283.99 16.25

Objects of the Issue:

The company will not directly receive any proceeds from the Offer and the entire Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.

Dreamfolks Services Limited IPO Registrar:

Link Intime India Private Ltd

Dreamfolks Services Limited IPO Lead Manager(s):

Equirus Capital Private Limited, Motilal Oswal Investment Advisors Pvt Ltd

Company Contact Information:

Dreamfolks Services Limited

501, Tower 2, Fifth Floor, Worldmark, Sector-65,

Gurugram – 122 018