KARTIK at 00:39, 5 January 2025

2025-01-05T00:39:30Z

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{{Short description|Indian airport services company}}
{{Advert|date=November 2023}}
{{Infobox company
| name = DreamFolks Services Limited
| image = DreamFolks-logo.jpg
| type = [[Public company|Public]]
| traded_as = {{ubl|{{BSE|543591}}|{{NSE|DREAMFOLKS}}}}
| ISIN = INE0JS101016
| industry = Airport services
| foundation = {{start date and age|df=y|2013}}
| location = [[Gurugram]], India
| key_people = {{Unbulleted list
| Liberatha Peter Kallat
| Dinesh Nagpal
| Mukesh Yadav
}}
| services = Airport lounges and transfer
| homepage = [https://www.dreamfolks.in/ www.dreamfolks.in]
}}

'''DreamFolks Services Limited''' is an [[Indian airports|Indian airport]] service aggregator company established in 2013 and headquartered in [[Gurgaon|Gurugram]].<ref>{{Cite web |last=Naidu |first=Rajesh |date=24 Aug 2022 |title=Dreamfolks on route to revival, but it's best to wait & watch |url=https://economictimes.indiatimes.com/markets/ipos/fpos/investors-may-wait-to-ensure-sustainable-business-momentum-before-investing-in-dreamfolks-services-ipo/articleshow/93736616.cms |access-date=2022-11-21 |website=The Economic Times}}</ref> It provides consumers to access airport-related services via technology driven platform.<ref>{{Cite journal |last=Grover |first=Devender |date=Nov 2021 |title=DreamFolks offers the Ultimate Red Carpet Experience |url=https://travelspan.in/november-2021/ |journal=Travel Span |language=English |pages=46, 47, 48}}</ref>

It was 100% owned by the promoters, Liberatha Peter Kallat and Dinesh Nagpal each had 33% shareholding in the company, and the remaining 34% shareholding was held by Mukesh Yadav. Later, the company listed publicly on the Indian stock exchange on 6 September 2022, diluting 33% of the promoters’ stakes.<ref name=":0">{{Cite web |title=DreamFolks Services IPO {{!}} 10 things you must know before rushing for the issue |url=https://www.moneycontrol.com/news/business/ipo/dreamfolks-services-ipo-10-key-things-to-know-before-you-subscribe-to-the-issue-9069161.html |access-date=2022-11-19 |website=Moneycontrol |language=en}}</ref>

In Oct 2022, It had 100% coverage across 54 airport lounges in India and a market share of over 95% of all India-issued card-based access to domestic lounges in India. It is present in 121 countries worldwide<ref>{{Cite web |last=Lal |first=Preeti |date=2 Oct 2022 |title=Building long-lasting relationships is my go-to business mantra: DreamFolks' Liberatha Peter Kallat |url=https://www.moneycontrol.com/news/business/building-long-lasting-relationships-is-my-go-to-business-mantra-dreamfolks-liberatha-peter-kallat-9263661.html |access-date=2022-11-21 |website=Moneycontrol |language=en}}</ref>

== History ==
The company started its operations in 2013 by facilitating lounge access services for the consumers of [[Mastercard]]. It has evolved from an airport lounge aggregator to an end-to-end technology solutions provider.<ref>{{Cite web |date=2022-08-18 |title=DreamFolks Services IPO to open on 24 Aug, public offer entirely OFS |url=https://www.livemint.com/market/ipo/dreamfolks-services-ipo-to-open-on-24-aug-public-offer-entirely-ofs-11660814903355.html |access-date=2022-11-19 |website=mint |language=en}}</ref><ref>{{Cite web |title=DreamFolks Services IPO opens today {{!}} Should you subscribe to the issue? |url=https://www.moneycontrol.com/news/business/ipo/dreamfolks-services-ipo-opens-today-should-you-subscribe-to-the-issue-9076991.html |access-date=2023-03-24 |website=Moneycontrol |language=en}}</ref>

{{Expand section|date=December 2023}}

In July 2021, DreamFolks had a 90% market share in India and was present in 140 countries worldwide.<ref>{{Cite web |date=July 2021 |title=DreamFolks: New-Age Experience Airport Hospitality Services |url=https://www.forbesindia.com/media/supplement_pdf/The%20Challengers%20PowerList.pdf |access-date=19 Nov 2022 |website=Forbes India}}</ref> In FY 2021-22, the company catered to 68% of the overall lounge volume traffic across all lounges in Indian airports (domestic and international lounges).<ref>{{Cite web |date=2022-08-24 |title=Dreamfolks Services IPO: Offer fully subscribed within hours of opening; all you need to know |url=https://indianexpress.com/article/business/market/dreamfolks-services-ipo-all-you-need-to-know-8107311/ |access-date=2022-11-19 |website=The Indian Express |language=en}}</ref>

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 [[Bombay Stock Exchange|BSE]] & [[National Stock Exchange of India|NSE]] on 6 September 2022.<ref>{{Cite web |date=August 18, 2022 |first=Manju |last=V.|title=Airport service aggregator, DreamFolks IPO to launch next week - Times of India |url=https://timesofindia.indiatimes.com/business/markets/ipo/airport-service-aggregator-dreamfolks-ipo-to-launch-next-week/articleshow/93642501.cms |access-date=2022-11-19 |website=The Times of India |language=en}}</ref><ref>{{Cite web |last=Jain |first=Surbhi |date=22 Aug 2022 |title=DreamFolks IPO opens Wednesday, 24 Aug; check price band, grey market premium, issue size, bidding details |url=https://www.financialexpress.com/market/ipo-news/dreamfolks-ipo-opens-wednesday-24-aug-check-price-band-grey-market-premium-issue-size-bidding-details/2639315/ |access-date=2022-11-19 |website=Financialexpress |language=en}}</ref> The IPO raised {{INRConvert|562|c|year=2022}} and gained a premium of 55% to the issue price of ₹326 on the opening day.<ref>{{Cite news |title=Dreamfolks lists with 55% gain over issue price |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/ipos/fpos/dreamfolks-lists-with-55-gain-over-issue-price/articleshow/94038383.cms |access-date=2022-11-19}}</ref> In the year ended FY22, the company has an Indian market share of 95% of all the Indian issued credit and debit card access to airport lounges.<ref>{{Cite web |last=Matkar |first=Sunil |date=27 Oct 2022 |title=DreamFolks shares soar as record travellers queue up at busy airports for lounge access |url=https://www.moneycontrol.com/news/business/markets/dreamfolks-services-shares-rally-on-strong-airport-footfalls-travel-industry-recovery-9399121.html |access-date=2022-11-19 |website=Moneycontrol |language=en}}</ref>

In the second quarter of FY23, the company recorded a profit of {{INRConvert|14.78|c|year=2022}}. The revenue from operations grew to {{INRConvert|171.24|c|year=2022}} as compared to the last year.<ref>{{Cite web |last=Matkar |first=Sunil |date=5 Nov 2022 |title=DreamFolks Services profit jumps 745% on healthy growth in airport footfalls |url=https://www.moneycontrol.com/news/business/earnings/dreamfolks-services-profit-jumps-745-on-healthy-growth-in-airport-footfalls-9456621.html |access-date=2022-11-19 |website=Moneycontrol |language=en}}</ref>

=== Partnerships ===
The company has partnered with all the card networks which are operating in India including Mastercard, [[Diners Club International|Diners]], [[Discover Card|Discover]], [[RuPay|Rupay]] and prominent card issuers like [[ICICI Bank|ICICI]], [[Axis Bank|Axis]], [[Kotak Mahindra Bank|Kotak Mahindra]], [[HDFC Bank|HDFC]] and [[SBI Card|SBI]].<ref>{{Cite journal |last=Joseph |first=Lancelot |date=March 2022 |title=DreamFolks Services |url=https://businessindia.co/emagazine/russian-bear-hug |journal=Business India |pages=50, 51, 52}}</ref>
* In June 2021, DreamFolks partnered with [[Go First]] (formerly known as [[GoAir|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.<ref>{{Cite web |title=Go First to offer departure lounge service across select Indian airports |url=https://www.businesstraveller.com/business-travel/2021/06/15/go-first-to-offer-departure-lounge-service-across-select-indian-airports/ |access-date=2022-11-19 |website=Business Traveller |language=en-GB}}</ref>
* In Sep 2022, the company partnered with nine lounges at eight railway stations across the country Paharganj ([[New Delhi railway station|New Delhi]]), [[Ajmeri Gate]] (New Delhi),[[Madurai]], [[Ahmedabad]], [[Sealdah]], [[Agra Cantonment railway station|Agra Cantt]], [[Jaipur]] and [[Varanasi]].<ref>{{Cite web |date=2022-09-06 |title=Market liked our 'unique business model': DreamFolks founder on stellar listing |url=https://www.businesstoday.in/latest/corporate/story/as-dreamfolks-shares-list-at-55-premium-its-founder-sees-a-robust-moat-346464-2022-09-06 |access-date=2022-11-19 |website=Business Today |language=en}}</ref><ref>{{Cite web |date=31 March 2022 |title=IPO-bound DreamFolks to provide lounge services at 5 rly stations - ET Infra |url=https://infra.economictimes.indiatimes.com/news/railways/dreamfolks-to-provide-lounge-services-at-5-railway-stations/90570637 |access-date=2022-11-19 |website=ETInfra.com |language=en}}</ref>
* In Dec 2022, the company strategically partnered with Vidsur Golf which allowed them access to their 250 golf courses across India and Asia Pacific.<ref>{{Cite web |title=HDFC, TVS Motor Co, Natco Pharma, Bajaj Consumer Care, BCL Industries, DreamFolks, Go Fashion stocks in focus |url=https://www.financialexpress.com/market/stocks-to-watch-hdfc-tvs-motor-co-natco-pharma-bajaj-consumer-care-bcl-industries-dreamfolks-go-fashion-stocks-in-focus/2901794/ |access-date=2022-12-26 |website=Financialexpress |date=6 December 2022 |language=en}}</ref><ref>{{Cite web |date=2022-12-06 |title=DreamFolks partners with Vidsur Golf to provide customers access to 250+ golf courses in Asia Pacific |url=https://www.cnbctv18.com/business/companies/dreamfolks-partners-with-vidsur-golf-to-provide-customers-access-to-golf-courses-in-asia-pacific-15343781.htm |access-date=2022-12-26 |website=cnbctv18.com |language=en}}</ref>
*In March 2024, DreamFolks partnered with [[Healthians]].<ref>{{cite web |title=DreamFolks Partners with Healthians: Your Membership Card Now Gets You Healthier |url=https://www.brutimes.com/news/business/dreamfolks-partners-with-healthians-your-membership-card-now-gets-you-healthier |website=Bru Times News |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 including marquee global and other domestic 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 |date=24 August 2022 |language=en}}</ref> According to BSE website, DreamFolks allotted {{INRConvert|1.7|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> Smallcap World Fund was the largest bidder with 28.46% of the total portion offered for anchor investors. And, Aditya Birla Sun Life MF, Invesco India MF, and [[Sundaram Finance|Sundaram Mutual Fund]] were among the top five investors.<ref>{{Cite web |last=Makwana |first=Bhakti |date=24 Aug 2022 |title=California-based VC laps up about a third of DreamFolks' anchor investor pie |url=https://www.businessinsider.in/stock-market/news/dreamfolks-services-ipo-opens-today-check-out-important-details-related-to-the-ipo/articleshow/93740178.cms |access-date=2022-11-21 |website=Business Insider}}</ref>

== 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.<ref>{{Cite web |date=2022-09-06 |title=Dreamfolks Services announces Q1 results on listing day, swings to profit |url=https://www.livemint.com/companies/company-results/dreamfolks-services-announces-q1-results-on-listing-day-swings-to-profit-11662442522864.html |access-date=2022-11-19 |website=mint |language=en}}</ref>

== Financials ==
COVID-19 restrictions severely impacted its financials during FY21.<ref>{{Cite web |last=Makwana |first=Bhakti |date=22 Aug 2022 |title=Airport services aggregator DreamFolks Services IPO to open on August 24, price band at ₹308-₹326 apiece |url=https://www.businessinsider.in/stock-market/news/airport-services-aggregator-dreamfolks-services-ipo-to-open-on-august-24-price-band-at-308-326-apiece/articleshow/93712223.cms |access-date=2022-11-21 |website=Business Insider}}</ref><ref>{{Cite web |title=DreamFolks Services' ₹562 cr IPO opens on Aug 24; here's all need to know |url=https://www.fortuneindia.com/investing/dreamfolks-services-562-cr-ipo-opens-on-aug-24-heres-all-need-to-know/109394 |access-date=2022-11-21 |website=www.fortuneindia.com |date=4 August 2022 |language=en}}</ref>
{| class="wikitable"
! Year
! Revenue (In crores)
! Profits/Loss (In crores)
! {{Tooltip|Ref.|References}}
|-
|FY 2020
|{{Increase}} 367
|{{Increase}} {{color|Green|16.25}}
| rowspan="3" |<ref>{{Cite web |title=Airport services aggregator DreamFolks Services IPO to open on August 24, price band at ₹308-₹326 apiece |url=https://www.businessinsider.in/stock-market/news/airport-services-aggregator-dreamfolks-services-ipo-to-open-on-august-24-price-band-at-308-326-apiece/articleshow/93712223.cms |access-date=2022-11-19 |website=Business Insider}}</ref>
|-
|FY 2021
|{{Decrease}} 108
|{{Decrease}} {{color|Red|1.45}}
|-
|FY 2022
|{{Increase}} 283
|{{Increase}} {{color|Green|31}}
|}

== Corporate Social Responsibility ==
Dreamfolks adopted two schools as part of Girl Child Empowerment Initiative in Gurgaon, Haryana.<ref>{{Cite web |last=Rabindra |date=2022-10-15 |title=Dreamfolks Services Limited Adopts Two Schools as Part of Girl Child Empowerment Initiative in Gurgaon, Haryana |url=http://businessnewsthisweek.com/education/dreamfolks-services-limited-adopts-two-schools-as-part-of-girl-child-empowerment-initiative-in-gurgaon-haryana/ |access-date=2022-11-21 |website=Business News This Week |language=en-US}}</ref>

== References ==

{{reflist}}

== External links ==
{{Official website|https://www.dreamfolks.in/}}

[[Category:Companies based in Haryana]]
[[Category:2013 establishments in Haryana]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the National Stock Exchange of India]]

DreamFolks - Revision history

KARTIK at 00:39, 5 January 2025