DreamFolks Services

Adani Group's subsidiary Adani Airport Holdings Ltd (AAHL) on Sunday said passengers at airports across the country have been experiencing disruptions in airport lounge access, owing to the abrupt suspension of the services by Dreamfolks. AAHL, in a statement, said it is "actively working" with the banks to facilitate the immediate resumption of services, which have not yet been restored. AAHL operates seven airports in the country -- Mumbai, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru. "Passengers at airports across India have been experiencing disruptions in lounge access. This is due to the unexpected suspension of services by Dreamfolks Services Ltd, a lounge access provider partnered with several banks, in violation of its service agreements with the affected airports," AAHL said in the statement. AAHL is working with banks to facilitate the immediate resumption of services, it said, adding, "despite our requests, services through Dreamfolks have not

AU Small Finance Bank (AU SFB) and state-owned United India Insurance Company (UIIC) on Friday announced a strategic partnership to distribute general insurance solutions to the bank's customers. It includes motor insurance, personal accident insurance, crop insurance, property insurance, shopkeeper insurance, cyber incident insurance, and more, a joint statement said. This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions, it said. The partnership leverages UIIC's vast network of branches in over 1,000 tier 2 and tier 3 locations, aligning with AU SFB's expanding infrastructure and growing customer portfolio, it said. AU SFB, having recently filed for a universal banking license with the Reserve Bank of India (RBI), is now focused on enhancing its bancassurance portfolio to offer innovative, technology-enabled insurance solutions to its customer b

The sharp uptick in the share price came after the company announced that it has launched its newest service, highway dining, for travellers.

Analysts at Motilal Oswal Financial Services said strong industry tailwinds make case for strong and sustained growth for DFS over the medium-term

The company currently earns 99% of its revenues from providing technology solutions connecting banks (and their debit and credit cards) with airport lounges

The company said one-off abnormal increase in common area maintenance charges has led to increase in lounge cost.

The stock hit a record high of Rs 592.15 in intra-day today, and was trading 82 per cent higher against its issue price of Rs 326 per share.

With Monday's decline, the stock corrected 35 per cent from its listing day high value of Rs 550

Thus far in calendar year 2022, Indian companies have raised over 40,000 crore from the primary markets via the IPO route, data from PRIME Database showed.

The successful listing follows a strong response to the company's maiden share sale, which had garnered nearly 57 times subscription last month

Shares of airport service aggregator DreamFolks Services ended nearly 42 per cent higher in its debut trade on Tuesday against the issue price of Rs 326. The stock was listed at Rs 505, registering a jump of 54.90 per cent from the issue price on the BSE. During the day, it rallied 68.71 per cent to Rs 550. Shares of the company ended at Rs 462.65 apiece, higher by 41.91 per cent. On the NSE, the company made its debut at Rs 508.70, a jump of 56 per cent and settled at Rs 462.85 apiece, rallying 41.97 per cent. In volume terms, 16.52 lakh shares of the company were traded on the BSE and over 2.68 crore shares on the NSE during the day. The company commanded a market valuation of Rs 2,417.35 crore. The Initial Public Offer (IPO) of DreamFolks Services was subscribed 56.68 times last month. The IPO was entirely an Offer-For-Sale (OFS) of 1,72,42,368 equity shares and was priced in the range of Rs 308-326 a share. The company facilitates consumers' access to airport-related service

DreamFolks Services made a strong stock market debut as its shares got listed at Rs 508.70, a 56 per cent premium over its issue price of Rs 326 per share on the National Stock Exchange (NSE)

Shares of DreamFolks Services listed at Rs 508.70, a 56 per cent premium when compared with the issue price of Rs 326 per share on the National Stock Exchange (NSE) on Tuesday.

Stocks to Watch on Tuesday: DreamFloks Services to debut on Tuesday; Reliance Industries acquires majority stake in SenseHawk for $32 mn; Delta Corp in F&O ban.

Analysts recommend traders to maintain a bullish bias and buy on dips

The firm has a market share of over 90 per cent of all credit and debit cards that offer airport lounge facilities

On Tuesday, the company raised Rs 253 crore through anchor allotment.

The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services received 6.09 times subscription on the second day of the offer on Thursday. The IPO received bids for 5,77,86,948 shares against 94,83,302 shares on offer, according to data available with the NSE. The quota for Retail Individual Investors (RIIs) was subscribed 19.10 times, the category meant for non-institutional investors 8.40 times and Qualified Institutional Buyers (QIBs) 60 per cent. The IPO of DreamFolks Services got fully subscribed within hours of opening on Wednesday and ended the day with 1.96 times subscription. The initial public offer is entirely an Offer-For-Sale (OFS) of 1,72,42,368 equity shares. Price range for the offer is at Rs 308-326 a share. On Tuesday, DreamFolks Services had raised Rs 253 crore from anchor investors. It facilitates consumers' access to airport-related services like lounges, food and beverages, spa, meet and assist airport transfer, transit hotels or nap room

In the grey market, shares of Dreamfolks Services were trading at Rs 75 per share, which implies listing at Rs 401 per share against the upper price band of issue price.

The DreamFolks Services IPO saw strong demand from retail investors, with subscribtion of up to 8x the alloted quota. The HNI segment was also oversubscribed at the end of Day 1 of the offer period.