Dreamfolks Services Limited gets SEBI nod for IPO

Dreamfolks Services Limited, India’s largest airport service aggregator platform has received
the Securities and Exchange Board of India (SEBI) approval for its proposed initial public
offering (IPO).
The company plans to offer of up to 21,814,200 equity shares of face value Rs. 2 each
through an offer for sale by the promoters and promoter group, through its initial public
offering. The IPO will constitute 41.75% of the post offer paid-up equity share capital of the
company.
DreamFolks provides services to all the card networks operating in India including Visa,
Mastercard, Diners/Discover and RuPay, and many of India’s prominent card issuers
including ICICI, Axis Bank, Kotak Mahindra, HDFC and SBI Cards. DreamFolks acts as a vital
link for banks and card networks for their credit & debit card sales and customer
engagement programs. The Company’s technology platform enables users to access airport
and railway lounges via bank-issued credit and debit cards. The asset-light business model
targets and integrates card networks, card issuers and corporate clients, with various
airport lounge operators, and other airport related service providers. Today, Dreamfolks
Services Limited holds a dominant position in India with a share of over 95% of all India
issued credit card and debit card access to airport lounges in Fiscal 2020. DreamFolks has
coverage across 50 lounges constituting 100% of India’s Airport lounges across domestic
and international airport terminals. As at December 31, 2021 through partnerships with
various service providers, the Company has a global footprint extending to 121 countries
including India.
The company facilitates consumers’ access to airport related services like Lounges, Food
and Beverage, Spa, Meet and Assist, Airport Transfer, Transit Hotels/Nap Room access, and
Baggage Transfer.
Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited are the Book
Running Lead Managers to the IPO.