The public issue of equity shares of DREAMFOLKS SERVICES LIMITED will open for subscription on August 24, 2022 and closes on August 26, 2022. It is expected to list on the stock exchanges on September 06, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
The company is India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology driven platform. The company commenced its operations in the year 2013. It is a dominant player in the industry with a share of over 80% in the domestic lounge access market in India. The company enjoyed a market share of over 95% of all India issued credit card and debit card access to airport lounges in Fiscal 2022.
Its asset-light business model integrates global card networks operating in India, credit card and debit card issuers and other corporate clients, in India, including airline companies with various airport lounge operators and other airport related service providers on a unified technology platform. Various airport related services offered by the company include; lounges, food and beverage, spa, meet and assist, airport transfer, transit hotels /nap room access, and baggage transfer.
The company, through its partnerships with other service providers, 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 of March 2022).
Its client portfolio includes card network providers, card issuers (banks), prominent airlines, a telecommunication company, an online travel agency and other corporates. Some of its key clients are Mastercard, Visa, Diners/Discover, RuPay, ICICI Bank, HDFC Bank, SBI Cards, Indigo Airlines, EasyMyTrip, Intermiles and ClubMahindra.
Who are the Promoters of the Company?
Liberatha peter Kallat, Mukesh Yadav and Dinesh Nagpal
Who are its key competitors?
There are no listed peers in India
Why is the Company going public?
Given below are the objectives of the Company –
To achieve the benefits of listing the equity shares on the stock exchanges
To enhance the visibility and brand image
The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.
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