Dreamfolks Services IPO

Dreamfolks Services Limited, India’s largest airport service aggregator, made a significant move by launching its Initial Public Offering (IPO) in August 2022. In this article, we will dive into the details of the Dreamfolks Services IPO, its key dates, pricing, and what makes the company stand out in the market.

IPO Details

Dreamfolks Services IPO was a book-built issue with a total size of Rs 562.10 crores. This IPO consisted entirely of an Offer for Sale (OFS) of 1.72 crore shares. The price band for the IPO was set at ₹308 to ₹326 per share, with a minimum lot size of 46 shares. Retail investors needed a minimum investment of ₹14,996 to participate in this IPO, while for sNII (Small Non-Institutional Investors), it was 14 lots (644 shares), amounting to ₹209,944, and for bNII (Big Non-Institutional Investors), it was 67 lots (3,082 shares), amounting to ₹1,004,732.

Important Dates

The Dreamfolks Services IPO bidding opened on August 24, 2022, and closed on August 26, 2022. The allotment of shares was finalized on Thursday, September 1, 2022. The shares were subsequently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 6, 2022.

Dreamfolks Services IPO Reservation

For the Dreamfolks Services IPO, a total of 9,483,302 shares were offered to investors in different categories. Here’s a breakdown of the allocation:

QIB (Qualified Institutional Buyers): 54.55%
NII (Non-Institutional Investors): 27.27%
bNII (Big Non-Institutional Investors, investment > ₹10L): 18.18%
sNII (Small Non-Institutional Investors, investment < ₹10L): 9.09%
RII (Retail Individual Investors): 18.18%
The minimum number of shares allotted to Retail Individual Investors (RIIs) was 46 shares, while Non-Institutional Investors (NIIs) were allocated 644 shares (sNII) and 3,082 shares (bNII).

About Dreamfolks Services Limited

Dreamfolks Services Limited is a significant player in India’s airport service aggregator platform. It has a unique and capital-efficient business model. Dreamfolks offers its services to major card networks like Visa, Mastercard, Diners/Discover, and RuPay, along with prominent card issuers such as ICICI Bank Limited, Axis Bank Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited (for debit card lounge programs), and SBI Cards and Payment Services Limited.

The company’s services range from providing airport lounges, food and beverage, spa services, meet and assist, airport transfers, transit hotels, nap room access, and baggage transfer. It focuses on enhancing the airport experience for travelers.

Dreamfolks Services Limited enjoys a dominant position in the market, with an estimated market share of over 95% in Fiscal 2022 for all India-issued card-based access to domestic lounges. It has partnerships with 50 clients, including card networks and major card issuers. Since Fiscal 2020, approximately 9.79 million passengers have availed its services.

Despite the challenges posed by the pandemic, Dreamfolks has managed to facilitate access to a significant portion of passengers accessing lounges in India. The company has also expanded its global footprint to 1,416 touchpoints in 121 countries worldwide.

Dreamfolks Services Limited’s IPO provides investors with an opportunity to be part of a company that plays a pivotal role in transforming the airport experience for travelers and has established. Dreamfolks Services Limited has become a strong and important company in the airport services field.
In conclusion, the Dreamfolks Services IPO presents an exciting opportunity for investors to be part of India’s leading airport service aggregator, a company that has carved a niche for itself by offering innovative and essential services to travelers.

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