The number of global air passengers increased four-fold over the past three decades and reached around 4.4 billion in 2019, but declined sharply in the following years due to the pandemic-related disruption. However, passenger traffic has recovered since then and is estimated to have totalled 2.3 billion in 2021. It is seen growing further and reaching 3.4 billion by year-end.
The Indian market is expected to grow to 1 billion passengers by 2040 from 175 million in 2019, which is much bigger than the global estimate for a two-fold increase to 10 billion passengers during that period.
Dreamfolks Services Ltd has filed a preliminary prospectus with capital markets regulator SEBI to raise funds through an initial share sale. The initial public offering solely involves the sale of up to 21,814,200 equity shares by promoters. The public issue will constitute 41.75% of the post-offer paid-up share capital of the company.
Dreamfolks Services follows an asset-light business model. The company integrates global card networks, credit/debit card issuers and other corporate clients on a unified technology platform, including airline companies and other airport-related services providers.
The Gurugram-based company facilitates access to airport-related services like lounges, food and beverage spas, meet-and-assist, airport transfer, transit hotel/nap room access, and baggage transfer
Meanwhile, Dreamfolks Services faces completion from large global players such as the providers of Priority Pass and Dragon Pass, which have significant experience in the field.
Dreamfolks Services reported a total income of ₹108.1 crores for the fiscal year ended March 31, 2021, compared to ₹367.8 crores in the previous year. The company incurred a net loss of ₹1.45 crore, compared to a profit of ₹31.6 crores in the prior year. The company is a dominant player in the country’s lounge-access-aggregator market, with all of its revenues coming from the use of various services at airports by passengers.
Of late, the air travel industry has been affected by the COVID-19 pandemic, which has had a negative impact on the operations of Dreamfolks Services also. The high exposure to the aviation industry is the main risk facing the company.
Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah
Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?
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