
Services · NSE / BSE
DreamFolks is India’s largest airport service aggregator platform, operating on an asset-light, capital-efficient model and serving all major card networks and leading card issuers such as Visa, Mastercard, RuPay, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and SBI Cards. The company enables banks, card networks, airlines, and hotels to offer end-to-end airport services to their customers—from doorstep to airport, inside the airport, and at the destination—covering lounges, F&B, spa, meet-and-assist, transfers, transit hotels, nap rooms, and baggage services. With over 95% market share in card-based domestic lounge access in FY22, DreamFolks had 50 clients and facilitated services for 9.79 million passengers since FY20, offering access to 1,416 touchpoints across 121 countries, including 244 in India. It provides access to all 54 operational domestic lounges and has expanded into airport F&B with 57 outlets across 18 airports. Leveraging its first-mover advantage, DreamFolks has evolved from a lounge access aggregator into a comprehensive tech-enabled airport experience solutions provider. The company provides a wide range of airport services, including lounge access, food & beverages, spa services, airport transfers, meet & assist, nap rooms, and baggage transfers—enhancing customer engagement and loyalty programs for its clients. With a 95% market share in card-based domestic lounge access in India (FY22), DreamFolks has served 9.79 million passengers since FY20. It has 50+ clients and a global presence across 1,416 touchpoints in 121 countries, including 244 locations in India and 1,172 overseas. DreamFolks' first-mover advantage has made it a market leader, facilitating access to 100% of India's 54 operational lounges and partnering with 57 restaurants/F&B outlets at 18 airports across the country. Over time, it has evolved from a lounge access aggregator into a comprehensive technology solutions provider, redefining airport experiences worldwide.
Price Band
₹308 – ₹326
Issue Size
₹562 Cr
Lot Size
46 shares
GMP
+49.1%
Est. Listing
₹486
at current GMP
Subscribed
56.68x
overall
Open
24 Aug 2022
Close
26 Aug 2022
Allotment
1 Sep 2022
Refund
2 Sep 2022
Demat Credit
3 Sep 2022
Listing
6 Sep 2022
Designated Registrar: Link Intime India Private Limited
Allotment Date
1 Sep 2022
Basis finalization
Refunds Initiate
2 Sep 2022
Mandate release
Demat Credit
3 Sep 2022
Shares in demat
Listing Debut
6 Sep 2022
Trading begins
Dreamfolks Services Limited is bringing an initial public offering (IPO) in the Services sector with an aggregate issue size of ₹562.1 Crores. The shares are offered at a price band of ₹308 to ₹326 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2022-08-26, the basis of allotment is scheduled to be finalized on 2022-09-01. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.