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* Mukesh Yadav as Non-Executive Directors<ref name=":0" />
* Mukesh Yadav as Non-Executive Directors<ref name=":0" />
* Giya Diwaan as Chief Financial Officer (CFO)<ref>{{Cite web |title=Dreamfolks IPO: Airport service aggregator to go global, focus on railways for growth |url=https://www.moneycontrol.com/news/business/companies/dreamfolks-ipo-airport-service-aggregator-to-go-global-focus-on-railways-for-growth-9072871.html |access-date=2022-11-19 |website=Moneycontrol |language=en}}</ref>
* Giya Diwaan as Chief Financial Officer (CFO)<ref>{{Cite web |title=Dreamfolks IPO: Airport service aggregator to go global, focus on railways for growth |url=https://www.moneycontrol.com/news/business/companies/dreamfolks-ipo-airport-service-aggregator-to-go-global-focus-on-railways-for-growth-9072871.html |access-date=2022-11-19 |website=Moneycontrol |language=en}}</ref>

== Funding ==
In Aug 2022, before the launch of the initial public offering (IPO), the company raised {{INRConvert|253|c|year=2022}} from 18 anchor investors. <ref>{{Cite web |title=DreamFolks IPO opens for subscription today, raises Rs 253 crore from anchor investors; should you subscribe? |url=https://www.financialexpress.com/market/ipo-news/dreamfolks-ipo-opens-for-subscription-today-raises-rs-253-crore-from-anchor-investors-should-you-subscribe/2641857/ |access-date=2022-11-19 |website=Financialexpress |language=en}}</ref> According to BSE website, DreamFolks allotted {{INRConvert|7.7|c|year=2022}} shares to anchor investors at a price of ₹326 a piece by aggregating the transaction size to {{INRConvert|253|c|year=2022}}.<ref>{{Cite news |date=23 Aug 2022 |title=Dreamfolks Services raises Rs 253 cr from anchor investors ahead of IPO |work=Business Standard |url=https://www.business-standard.com/article/markets/dreamfolks-services-raises-rs-253-cr-from-anchor-investors-ahead-of-ipo-122082301304_1.html |access-date=20 Nov 2022}}</ref>


== Services ==
== Services ==

Revision as of 18:55, 19 November 2022

DreamFolks Services Limited
Company typePublic
ISININE0JS101016
IndustryFinancial services
Founded2013; 11 years ago (2013)
HeadquartersDelhi, India
Key people
  • Liberatha Peter Kallat
  • Dinesh Nagpal
  • Mukesh Yadav
ServicesAerospace & Defense
Websitewww.dreamfolks.in

DreamFolks Services Limited is an Indian airport service aggregator company established in 2013 and headquartered in Delhi. It is 100% owned by the promoters. Liberatha Peter Kallat and Dinesh Nagpal each holds 33% shareholding in the company, and the remaining 34% shareholding is held by Mukesh Yadav.[1] It provides consumers to access airport-related services via technology driven platform.[2]

In July 2021, DreamFolks has 90% market share in the India and it is present in 140 countries worldwide.[3]

History

The company started its operations in 2013 by facilitating lounge access services for the consumers of Mastercard.[4]

In 2017, the non-aeronautical earnings per passenger of the company was at ₹75.94 which has increased by more than threefold to ₹250.56 in the pre-pandemic year of FY20.[5]

In the FY 2021-22, the company catered to 68% of the overall lounge volume traffic across all lounges in Indian airports (domestic and international lounges).[6]

In Aug 2022, the company opened its initial public offering (IPO) with an Offer For Sale (OFS) of up to 1.7 crore equity shares on 24 August 2022 and listed in BSE & NSE on 6 September 2022.[7][8] The IPO raised ₹562 crore and its price rose by 55% on opening day.[9] In the year ended FY22, the company has a Indian market share of 95% of all the Indian issued credit and debit card access to airport lounges.[10]

In second quarter of FY23, company recorded a profit of ₹14.78 crore (equivalent to ₹16 crore or US$1.9 million in 2023). The revenue from operations grew to ₹171.24 crore (equivalent to ₹181 crore or US$22 million in 2023) as compared to the last year.[11]

Partnerships

The company has partnered with all the card networks which are operating in India including Mastercard, Visa, Diners, Discover, Rupay and prominent card issuers like ICICI, Axis, Kotak Mahindra, HDFC and SBI.[12]

  • In July 2021, DreamFolks partnered with Go First (formerly known as Goair) for departure lounge services across selected airports in India. This includes 30 domestic terminals and 12 international terminals providing food and beverages, entertainment, free wi-fi and business centre facilities.[13]
  • In Sep 2022, the company partnered with nine lounges at eight railway stations across the country Paharganj Gate (New Delhi), Ajmeri Gate (New Delhi), Ernakulum (Madurai), Ahmedabad, Sealdah, Agra Cantt, Jaipur and Varanasi.[14][15]

Key people

  • Liberatha Peter Kallat as Chairman and Managing Director (MD)[1]
  • Dinesh Nagpal as Non-Executive Directors[1]
  • Mukesh Yadav as Non-Executive Directors[1]
  • Giya Diwaan as Chief Financial Officer (CFO)[16]

Funding

In Aug 2022, before the launch of the initial public offering (IPO), the company raised ₹253 crore (equivalent to ₹268 crore or US$32 million in 2023) from 18 anchor investors. [17] According to BSE website, DreamFolks allotted ₹7.7 crore (equivalent to ₹8.2 crore or US$980,000 in 2023) shares to anchor investors at a price of ₹326 a piece by aggregating the transaction size to ₹253 crore (equivalent to ₹268 crore or US$32 million in 2023).[18]

Services

The company helps all the consumers who have access to airport-related services like lounges, food and beverages, meet and assist airport transfer, spa, nap rooms or transit hotels, and baggage transfer.[19]

Financials

Year Revenue (In crores) Profits/Loss (In crores) Ref.
FY 2020 Increase 367 Increase 16.25 [20]
FY 2021 Increase 108 Decrease 1.45
FY 2022 Increase 283 Increase 31

References

  1. ^ a b c d "DreamFolks Services IPO | 10 things you must know before rushing for the issue". Moneycontrol. Retrieved 2022-11-19.
  2. ^ Grover, Devender (Nov 2021). "DreamFolks offers the Ultimate Red Carpet Experience". Travel Span: 46, 47, 48.
  3. ^ "DreamFolks: New-Age Experience Airport Hospitality Services" (PDF). Forbes India. July 2021. Retrieved 19 Nov 2022.
  4. ^ Livemint (2022-08-18). "DreamFolks Services IPO to open on 24 Aug, public offer entirely OFS". mint. Retrieved 2022-11-19.
  5. ^ Mishra, Lalatendu (2022-02-19). "Airport lounges set to grow as airports and air passengers rise". The Hindu. ISSN 0971-751X. Retrieved 2022-11-19.
  6. ^ "Dreamfolks Services IPO: Offer fully subscribed within hours of opening; all you need to know". The Indian Express. 2022-08-24. Retrieved 2022-11-19.
  7. ^ Aug 18, Manju V. / TNN /; 2022; Ist, 18:07. "Airport service aggregator, DreamFolks IPO to launch next week - Times of India". The Times of India. Retrieved 2022-11-19. {{cite web}}: |last2= has numeric name (help)CS1 maint: numeric names: authors list (link)
  8. ^ Jain, Surbhi (22 Aug 2022). "DreamFolks IPO opens Wednesday, 24 Aug; check price band, grey market premium, issue size, bidding details". Financialexpress. Retrieved 2022-11-19.
  9. ^ "Dreamfolks lists with 55% gain over issue price". The Economic Times. Retrieved 2022-11-19.
  10. ^ Matkar, Sunil (27 Oct 2022). "DreamFolks shares soar as record travellers queue up at busy airports for lounge access". Moneycontrol. Retrieved 2022-11-19.
  11. ^ Matkar, Sunil (5 Nov 2022). "DreamFolks Services profit jumps 745% on healthy growth in airport footfalls". Moneycontrol. Retrieved 2022-11-19.
  12. ^ Joseph, Lancelot (March 2022). "DreamFolks Services". Business India: 50, 51, 52.
  13. ^ "Go First to offer departure lounge service across select Indian airports". Business Traveller. Retrieved 2022-11-19.
  14. ^ "Market liked our 'unique business model': DreamFolks founder on stellar listing". Business Today. 2022-09-06. Retrieved 2022-11-19.
  15. ^ "IPO-bound DreamFolks to provide lounge services at 5 rly stations - ET Infra". ETInfra.com. 31 Mar 2022. Retrieved 2022-11-19.
  16. ^ "Dreamfolks IPO: Airport service aggregator to go global, focus on railways for growth". Moneycontrol. Retrieved 2022-11-19.
  17. ^ "DreamFolks IPO opens for subscription today, raises Rs 253 crore from anchor investors; should you subscribe?". Financialexpress. Retrieved 2022-11-19.
  18. ^ "Dreamfolks Services raises Rs 253 cr from anchor investors ahead of IPO". Business Standard. 23 Aug 2022. Retrieved 20 Nov 2022.
  19. ^ Livemint (2022-09-06). "Dreamfolks Services announces Q1 results on listing day, swings to profit". mint. Retrieved 2022-11-19.
  20. ^ "Airport services aggregator DreamFolks Services IPO to open on August 24, price band at ₹308-₹326 apiece". Business Insider. Retrieved 2022-11-19.

Official website

Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=DreamFolks&oldid=1122787132"