DreamFolks Services

The Rs 36 crore acquisition aims to diversify services and strengthen digital delivery via ETT's global airport network

Global airport lounge operations unaffected by India exit; co aiming for margin growth from new ventures

The new DreamFolks Club Membership offers lifestyle and travel benefits across global lounges, golf, wellness, and entertainment as the firm pivots to B2C

Banks and card companies partnered with DreamFolks for domestic lounge services

The southward movement in the stock came after the company announced to discontinue domestic airport lounges for its clients. The company said that impact of the same is material.

Adani Digital and Semolina Kitchens will also terminate their contracts, Dreamfolks said in an exchange filing

Individually, AGS Transact Technologies has been the worst performing IPO in the last five years, with the stock trading at a mammoth 97% discount to its issue price.

Certain programs of the clients, Axis Bank and ICICI Bank have been closed w.e.f. July 01, 2025

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)