Dreamfolks Services Limited is a major player and India’s biggest airport service aggregator platform, providing travellers with a better airport experience through a technology-driven platform. Dreamfolks Services IPO will hit the stock market in 24 August 2022.
Table of Contents
About Dreamfolks Services
On a unified technology portal, their asset-light business model incorporates global card networks working in India, credit card and debit card issuers, and other corporate customers in India, such as airline companies (Corporate Clients and, together with Card Networks and Card Issuers, the Clients), with numerous airport lounge players and other airport associated service vendors.
They enable entry to the following airport-related services for Clients’ customers: lounges, food and beverage, spa, meet and assist, airport transport, transit hotels/nap room access, and luggage transfer.
Furthermore, as of December 31, 2021, they have a worldwide network of 1,259 touch-points in 121 countries throughout the world, including India, thanks to their collaborations with other service providers.
Clients
Their supremacy is based on the fact that they provide access to 50 Indian airport lounges, and they have a market share of over 95 percent of all India-issued credit and debit card membership to airport lounges in Fiscal 2020. In addition, they accounted for roughly 67 percent of India’s total lounge access volume in Fiscal 2020.
They started functioning in 2013 by enabling lounge entry for Mastercard customers, and they now offer solutions to all of India’s major card networks, such as Visa, Mastercard, Diners/Discover, and RuPay, as well as many of the country’s leading card issuers, such as ICICI Bank Limited, Axis Bank Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited, and SBI Cards and Payment Services Limited.
Growth
They’ve evolved from an aggregator of airport lounge access to a source of end-to-end technological solutions for facility and providing services that improve the airport experience.
They’ve designed their service concept to give clients the choice of providing a diverse range of services to customers. Presently, they assist Consumers’ access to a variety of services, including transportation from their doorstep to the airport, within the airport, and back to their doorstep at their destination.
With a market share of over 80% in the domestic lounge access market in India, they have taken benefit of their first mover advantage in the lounge access aggregator sector in India.
Dreamfolks Services IPO
Dreamfolks Services Limited, headquartered in New Delhi has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 21,814,200 equity shares on 21 January 2022.
The offer doesn’t includes any fresh issue and there is offer for sale (OFS) of 21,814,200 equity shares by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.
-
IPO
They got approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 122.56 | 122.50 | 137.76 | 89.16 | |
| Total Revenue | 86.23 | 108.11 | 367.81 | 248.49 | |
| Profit After Tax | 1.11 | (1.45) | 31.68 | 15.27 | |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2021 | (0.28) | (0.28) | 3 |
| Financial Year 2020 | 6.06 | 6.06 | 2 |
| Financial Year 2019 | 2.92 | 2.92 | 1 |
| Weighted Average | 3.95 | 3.95 | |
| 30 Sep. 2021 | 0.21 | 0.21 |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
- With significant tailwinds, a leading player in the airport lounge aggregation sector in India.
- Established ties with valuable customers such as worldwide card network providers in India, as well as major Indian and international banks and corporations.
- Due to the general flywheel effect, which is driven by the network of customers and operators, the company has a strong commercial moat.
- Ability to profit from an expanding client base without incurring direct consumer acquisition costs.
- A company model that is asset and human resource light and has a proven track record of producing steady growth.
- Scalability is ensured through a proprietary innovation platform.
- Promoters with a lot of experience and a top management with a lot of industry knowledge.
Dreamfolks Services Peer Comparison
There are no publicly traded firm in India that operate in a similar industry to theirs. As a result, providing an industry reference in regards to their company is impossible.
Dreamfolks Services IPO Details
| IPO Opening Date | 24 August 2022 |
| IPO Closing Date | 26 August 2022 |
| Issue Type | Book Building |
| Face Value | 2 per share |
| IPO Price | INR 308 to 326 per equity share |
| Market Lot | 46 |
| Min Amount | INR 14996 |
| Listing At | BSE, NSE |
| Issue Size | 21,814,200 equity shares |
| Fresh Issue | 0 |
| Offer for Sale | 21,814,200 equity shares |
Dreamfolks Services IPO Date
Dreamfolks IPO opening date is 24 August 2022, and the closing date is 26 August 2022. The Dreamfolks Services issue may list in 06 September 2022.
| IPO Opening Date | 24 August 2022 |
| IPO Closing Date | 26 August 2022 |
| Basis of Allotment Date | 02 September 2022 |
| Initiation of Refunds | 02 September 2022 |
| Credit of Shares to Demat Account | 05 September 2022 |
| IPO Listing Date | 06 September 2022 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 10 | Minimum 1 lot based on availability |
Dreamfolks IPO Allotment Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Dreamfolks IPO.
Dreamfolks Services IPO GMP
Dreamfolks Services IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
| August 2022 | |||
| August 2022 | |||
| August 2022 | |||
| August 2022 | |||
| August 2022 | |||
| August 2022 | |||
| August 2022 | |||
| August 2022 | |||
| August 2022 | |||
| August 2022 | |||
| August 2022 | |||
| 23 August 2022 |
Check Out the GMP of all Other IPOs
Dreamfolks Services IPO Review
Dreamfolks Services Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Dreamfolks Services IPO is good or bad.
Dreamfolks IPO Risk
- Their long-term relationships with card networks and card issuer banking institutions are critical to their profitability.
- Their performance is also determined by their relationships with airport lounge operators and other providers of airport services.
- Their activities are primarily reliant on the travel sector in general, and specifically on the air travel business.
- COVID-19 has had and may continue to have a materially negative impact on the tourism sector, potentially affecting their operations.
- They are primarily reliant on a few Customers, and lounge access related services account for a significant portion of their business.
- They rely significantly on the cards in circulation as well as the issuance of new credit and debit cards.
Other Threats
- Potential market dominance in India, as well as the need for worldwide expansion.
- They had previously suffered losses. Any further losses could have a negative impact on their business.
- A few of their Customer contracts have clauses requiring them to indemnify the Operators for the services they offer.
- During the last three fiscal years and the six months ending September 30, 2021, their firm has not paid dividends.
- Customer payment delays or defaults may result in a reduction in profitability.
- Details of certain linked party transactions were left out of their audited financial statements for 2019 and 2020.
- Legal actions involving their company, promoters, directors, subsidiaries, and group entities could have a significant negative impact on their operations.
Business Model
Their clients can use their platform and services portfolio to create bespoke products that target various areas of airport services for passengers.
As part of providing under qualified credit and debit card schemes, Card Networks and Card Issuers can use any of the Services and may give free lounge access and free access to other Services to Consumers, and they allow this access across Services.
Corporate clients can also use their products to provide benefits to their users and make it easier for them to use Services.
They give clients the option of providing alternative ways for people to access certain airport-related services such as lounges via credit cards or debit cards, membership cards, or digital solutions.
Services
Their service offerings have grown dramatically, and they’ve continued to grow their customer base over the years, with 44 clients as of December 31, 2021, encompassing Card Networks and many of India’s leading card issuers.
Furthermore, they have a lengthy history with a majority of their clients, including their top five, having worked with them for more than three years out of the eight years they have been in business.
Their client list also includes well-known airlines, a telecommunications business, an online travel agency (OTA), and other Indian corporations that make these services available to customers of their choosing.
Since Fiscal 2019, 10.72 million Paxes had taken advantage of their products, as of September 30, 2021.
Dreamfolks IPO Brokerage views
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Dreamfolks IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| 24 August 2022 | 1 | |||||
| 25 August 2022 | 2 | |||||
| 26 August 2022 | 3 |
Management
Top leadership and seasoned Promoters have made a big contribution to their success. Liberatha Peter Kallat, Dinesh Nagpal, and Mukesh Yadav, the company’s promoters, conceptualised and were essential in creating its business plan, and they continue to be involved in various parts of the company.
An experienced team of specialists, including Balaji Srinivasan, Executive Director, and Giya Diwaan, CFO, backs up their firm. Liberatha Peter Kallat has extensive expertise in the hospitality sector, having worked for both domestic and international companies such as Indian Hotels Company Limited.
Liberatha has been instrumental in identifying the industry’s commercial prospects and growth potential. She has been at the vanguard of incubating the sector, giving them the advantage of being the first to market.
Promoters
- Liberatha Peter Kallat
- Dinesh Nagpal
- Mukesh Yadav
Promoter’s Holding
| Pre Issue Share Holding | 100 % |
| Post Issue Share Holding |
Dreamfolks IPO Prospectus
Contact Details
Landmark Cars Limited
22, DDA Flats, Panchsheel Park,
Shivalik Road, New Delhi
110 017, India
Tel: +91 0124 4173 560
E-mail: [email protected]
Website: www.dreamfolks.in
Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in
Lead Manager(s)
- Equirus Capital Private Limited
- Motilal Oswal Investment Advisors Limited
We hope we are able to answer all your questions about Dreamfolks Services IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
We do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Dreamfolks IPO Opening Date?
Dreamfolks Services Limited IPO will open in 24 August 2022.
Dreamfolks IPO Listing Date?
Dreamfolks Services Limited IPO will list in 06 September 2022.
Dreamfolks Services IPO GMP Today?
Dreamfolks Services IPO Grey Market Premium is INR 0 .
Dreamfolks Services Limited IPO Allotment Date?
Dreamfolks IPO basis of allotment will be in 02 September 2022.
Lot size for Dreamfolks Services Limited IPO?
Lot size for Dreamfolks IPO is 46.
