Dreamfolks Services Ltd. is a leading airport service aggregator platform in India. The company is now all set to launch its initial public offering (IPO) and has fixed the price band at Rs. 308-326 per equity share. The IPO will open on August 24, 2022, and close on August 26, 2022. The anchor investor auction will be held on the day of the IPO launch.
The company plans to raise ₹5,600 crore through the fresh issue of equity shares and offer for sale of up to 17,242,368 equity shares by the selling shareholders. The net proceeds from the fresh issue will be used towards funding working capital requirements and general corporate purposes.
About Dreamfolks Services and what do they offer?
Dreamfolks is a dominant player in the airport service aggregator platform in India. The company has a unique, asset light, capital-efficient business model which has helped it become the largest player in the industry. Dreamfolks provides services to all the major card networks operating in India, including Visa, Mastercard and RuPay. Additionally, it also has agreements with many of India’s prominent card issuers, such as ICICI Bank Limited, Axis Bank Limited and Kotak Mahindra Bank Limited.
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DreamFolks Services IPO Details
Here are the details of DreamFolks Services Limited IPO
|Issue Open Date||August 24, 2022|
|Issue Close Date||August 26, 2022|
|Issue Type||Book Built Issue|
|IPO Size||₹ 5600 Cr|
|Fresh Issue||₹ 5600 Cr|
|Price Band||₹308 to ₹326 Per Equity Share|
|Listing Exchanges||BSE and NSE|
Dreamfolks Services IPO Fundamentals
As of 31-Mar-20, Dreamfolks Services Limited had total assets of 137.76 Cr, total revenue of 367.81Cr and a networth of 65.51Cr. As of 31-Mar-21, the company’s total assets stood at 122.5 Cr, total revenue was 108.11Cr and its networth was 64.3Cr. As of 31-Mar-22, the company’s total assets were 168.68Cr, total revenue was 283.99Cr and its networth was 82.16Cr. The company has seen a steady increase in its total assets, revenue and networth over the past three years. This is a positive sign and indicates that the company is doing well financially.
How has the company performed over the past few years, and what is expected for the future?
Despite the economic slowdown caused by the Covid-19 pandemic, the company’s strong financial position and efficient cost management has enabled it to weather the storm and emerge even stronger. The company is now well-positioned to capitalize on the expected recovery in travel demand in the coming years.
DreamFolks is one of India’s leading travel services companies, with a strong focus on providing world-class lounge experiences to its customers. The company has a wide network of partnerships across the globe, allowing it to offer its services in 121 countries. As of March 31, 2022, DreamFolks had 50 Clients, including the Card Networks and many of India’s prominent Card Issuers. The company had also serviced 9.79 million pax (people or passengers) cumulatively since Fiscal 2020.
Looking ahead, the company expects to continue growing at a rapid pace, fuelled by the increasing adoption of credit and debit cards in India and the growing number of Indians travelling overseas.
What are some of the key factors that will influence the success or failure of Dreamfolks Services IPO?
Some of the key factors that will influence the success or failure of Dreamfolks Services IPO include:
- The company’s track record of performance over the past few years
- The expected growth in the Indian travel industry
- The company’s ability to capitalize on the expected recovery in travel demand in the coming years
- The company’s strong financial position and efficient cost management
- The company’s wide network of partnerships across the globe.