Dreamfolks Services Limited (“Dreamfolks”) was incorporated on April 24, 2008. Dreamfolks is a dominant player and India’s largest airport service aggregator platform (with a share of over 80% in the domestic lounge access market) facilitating an enhanced airport experience to passengers leveraging a technology driven platform. Company’s asset-light business model integrates global card networks operating in India, credit card and debit card issuers and other corporate clients, in India, including airline companies with various airport lounge operators and other airport related service providers on a unified technology platform.. It provides with access to a host of services: from door-step to the airport, within the airport, and again from the airport to the door-step at the destination, including Lounges, Food and Beverage, Spa, Meet and Assist, Airport Transfer, Transit Hotels/Nap Room access, and Baggage Transfer.
DreamFolks’ dominant position is underpinned by its estimated market share of over 95% in Fiscal 2022 of all India issued Card Based access to domestic lounges in India (F&S Report). DreamFolks has 50 Clients including the Card Networks and many of India’s prominent Card Issuers as of March 31, 2022, and 9.79 million (97.9 lakh) pax (people or passengers), cumulatively, had availed of its services, since Fiscal 2020

For year/ period ended ( in Cr.)

• Dominant player in the airport lounge aggregation industry in India with strong tailwinds
• Entrenched relationships with marquee Clients including global card network providers in India and prominent Indian and global banks and corporates.
• Strong business moat due to flywheel effect led by Clients and Operators network
• Ability to capitalize on growing Consumer base with no associated costs of direct Consumer acquisition

The Company enjoys a 95% market share and enjoys first-mover status in the segment. It has been an asset-light business model gaining the preference of air travellers. However, on account of the pandemic scare, it suffered a setback in its earnings at the PAT level for FY21 and due to this, it is offering only 10% for retail investors. Hence, risk taker Investors may subscribe to the Issue. The company has no listed peers.