DreamFolks Services IPO Review: Know All About This IPO
Dreamfolks Services IPO Date: 24 August 2022- 26 August 2022
Dreamfolks Services IPO Price band: Rs 308 – Rs 326
Dreamfolks IPO Issue Size: Rs 562.10 crore (Offer for sale of 17,242,368 Equity shares)
Reservation: QIB(Qualified Institutional Bidders) 75%, Retail (RII) – 10%, NII 15%
Minimum Investment: Rs 14,996
Bid lot: 46 shares, and in multiples of 46 shares maximum 2 lakh invest as individual.
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, Achieve the stock exchange benefits.
They are a dominant player in the hospitality industry with a share of over 80% in the domestic lounge access market in India.
Below are DreamFolks’ top services:
Lounge Access: The company has provide 100% coverage of operational lounges in Indian airports, and they offer a unique value proposition to clients by enabling access to consumers to a network of all operational airport lounges in India.
Food and Beverage offerings: They have tied up with various entities to facilitate access to around 57 restaurants/F&B outlets at 18 airports across India, as of March 31, 2022.
Spa Services: As part of their focus on making air travel as enjoyable and relaxing as possible, consumers can avail of specified massage therapies such as head, neck, and shoulder massage, and foot reflexology.
Meet and Assist: They facilitate end-to-end assistance to the consumers at the airport. The services are available at select airports to consumers at arrival and departure terminals of select airports in India.
Airport transfer services: DreamFolks limited facilitate airport transfer – airport ‘pick-up and drop’ facilities in 47 cities airport across India and in 145 cities outside India, as of March 31, 2022.
The company operates in an industry that is in its nascent stages. This unique company Therefore, there are limited numbers of operators in this industry and there are no listed peer companies.
Increase wallet share with existing company clients: The company will focus on increasing its wallet share with existing Clients Customer by identifying cross-selling opportunities that their diversified set of services offers, growth the business.
Continue to maintain 100% coverage of airport lounges in india: The company plans to consistently establish new relationships or extend existing relationships as and when the opportunity arises to capitalize on the expected growth in all india airport lounges driven by inter alia the growing air traffic and passenger traffic, development of new airports, and government initiatives.
Expand to newer sectors company services: They also want to focus on customer or clients engagement and loyalty solutions for Corporate Clients and build specific solutions for, amongst others, loyalty companies, e-commerce companies, companies in the hospitality service sector, new-age digital companies with advance technology, and neo banks.
Expand company client base: They intend to penetrate deeper into the existing hospitality sectors that they cater to by expanding the client base. They plan to increase the number of customer in the banking, telecommunications, OTA, and airlines sector.
Company Dependency on relationships with card networks: The company’s success is dependent on its long-term relationships with card networks, financial institutions and card issuers which on average contribute 98.98% of its total revenue from operations. It exposes them to risk emanating from the inability to retain their established card networks and card issuers companies as their clients.
Company Business is dependent on the travel industry: Almost all of their revenue is derived directly from the use of the various services at airports by passengers from traval. They are inordinately reliant on the airway travel industry for business. Any downturn in the travel industry and in the air travel industry will adversely impact its financials, Company revenue impact.
A limited number of clients: They are heavily reliant on a few clients, and they derive a significant part of their revenue from lounge access-related services and from select clients. Its top 5 Clients on average contributed 84.91% of total revenue during FY2022, FY2021, and FY2020.
DeamFolks Services opens for subscription on Wednesday 24 August 2022 and closes on 26 August 2022.
You can apply for DreamFolks Services on the Paytm Money app. Download the app from AppStore and PlayStore and apply using the app. Click here to download app.
You can apply for DreamFolks Services IPO in multiples of 46 with a minimum investment of Rs 14,996 one lot. Maximum investment in IPO for individual is 2 lakh.
The finalization of the Basis of Allotment for DreamFolks Services IPO will be done on Thursday September 1, 2022. If allotted, the shares are expected to be credited to your Demat account on 5 September 2022.
The exact date is not available. The tentative date for listing is Tuesday 6 September 2022.
The Dreamfolks Services IPO shares are proposed to list on Sep 1, 2022 at BSE, NSE. The actual listing date not confirmed will be announce by the exchange.
The Dreamfolks Services IPO opens on Aug 24, 2022 and closes on Aug 26, 2022.
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