DREAMFOLKS

** Shares of Dreamfolks Services DREM.NS fall 5% to 131 rupees

** Co discontinued airport lounge services in India which would have a material impact

** Other domestic services and global lounge business will continue

** DREM's contracts with clients are active and discussions are ongoing to explore alternative services for customers

** Stock down ~66% YTD

(Reporting by Urvi Dugar)

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Sept 16 (Reuters) - India's Dreamfolks Services DREM.NS on Tuesday said that the company had discontinued domestic airport lounge services.

(Reporting by Nishit Navin; Editing by Sahal Muhammed)

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Adds details, background from paragraph 3

Aug 29 (Reuters) - India's Dreamfolks DREM.NS said on Friday that three of its customers, including the country's third-largest lounge operator, Encalm Hospitality, would end their contracts with the airport lounge access provider.

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

The discontinuation of the contracts would have a material impact on Dreamfolks' financial operations, it said, without giving further details.

Dreamfolks is an aggregator that connects lounge operators with card networks and passengers, while its troubles began with airport operators looking to directly provide lounge access.

The company in July said it was closing certain programmes for clients Axis Bank AXBK.NS and ICICI Bank ICBK.NS.

Dreamfolks CEO Liberatha Kallat told news broadcaster CNBC-TV18 that the move came after "pressure tactics by two large airport operators, who have entered the same line of business." Kallat did not name the operators.

Shortly after, Arun Bansal, CEO of India's top private airport operator Adani Airport Holdings, said in a post on LinkedIn that India's "fintech revolution" eliminated the need for middlemen across sectors.

Dreamfolks has expanded to international markets in response to the recent developments, it said in the filing.

Its shares are down 64% so far this year.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Eileen Soreng)

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July 2 (Reuters) - Airport restaurants operator Travel Food Services has set a price band of 1,045 rupees-1,100 rupees for its initial public offering, a newspaper ad showed on Wednesday, following HDB Financial Services' blockbuster IPO.

The price band values Travel Food Services, which plans to raise 20 billion rupees ($233.49 million) via a three-day share sale beginning July 7, at 144.8 billion rupees ($1.69 billion) at the upper end of the range.

The issue will consist solely of the company's largest shareholder, Kapur Family Trust, divesting its shares. It was not immediately clear if the Trust would divest all its shares. Travel Food Services did not immediately respond to a Reuters request for comment.

India's IPO has picked up steam after a slow start this year, due to market gyrations from global trade worries and a domestic border conflict.

HDB Financial Services jumped more than 13% in its trading debut on Wednesday, with its $1.5 billion IPO turning out to be India's largest in 2025 and the largest ever by a non-banking financial company.

Travel Food Services, a joint venture between UK-based restaurant operator SSP Group SSPG.L and India's K-Hospitality, said it has a revenue-based market share of about 26% in the domestic airport restaurant sector.

It operates brands such as Wendy's and Subway as well as airport lounges, in which it has a 45% domestic market share, as per a CRISIL report.

The company's revenue from operations rose nearly 21% in fiscal 2025 to 16.88 billion rupees, while profit jumped more than 27% to 3.8 billion rupees, according to its prospectus.

Competitor Dreamfolks Services DREM.NS is valued at about 12.11 billion rupees.

According to PRIME Database, there are 143 Indian IPOs being planned worth a potential $26 billion. Regulators have so far approved 73.

($1 = 85.6580 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Janane Venkatraman)

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** Airports services aggregator DreamFolks Services DREM.NS down 3.2% to 254.75 rupees

** Major Indian banks Axis Bank AXBK.NS and ICICI Bank ICBK.NS and card network Mastercard MA.N are looking to move away from DREM and establish direct partnerships with airport lounges, according to ET and PTI

** Reports add that others may follow suit

** Reuters could not independently confirm the development and DreamFolks, Axis Bank, ICICI Bank and Mastercard did not immediately respond to Reuters' request for comment

** In Sept, DREM services were temporarily disrupted, impacting thousands of bank and card customers

** DREM shares down 34.6% YTD

(Reporting by Ananta Agarwal in Bengaluru)

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Feb 7 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DEC-QUARTER CONSOL NET PROFIT 172 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.4 BILLION RUPEES

Source text: [ID:]

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Sept 23 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DREAMFOLKS SERVICES LTD - RESOLVED INTEGRATION ISSUE AT ADANI AIRPORTS

Source text for Eikon: ID:nBSE4hcJD2

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Aug 8 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• JUNE-QUARTER CONSOL NET PAT 171.9 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.21 BILLION RUPEES

Further company coverage: DREM.NS

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April 18 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DREAMFOLKS AND REDBERYL FORGE A STRATEGIC PARTNERSHIP

Source text for Eikon: ID:nBSE1XKtl4

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April 8 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• GETS TAX ORDER FOR TOTAL AMOUNT AT 25.1 MILLION RUPEES

Source text for Eikon: ID:nNSE34CfjD

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March 29 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DREAMFOLKS SERVICES LTD - FILED APPEAL AGAINST ORDER SEEKING TAX OF 10.9 MILLION RUPEES

Source text for Eikon: ID:nNSEbwL0Q4

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** Shares of airport services aggregator Dreamfolks Services DREM.NS rise 3% to 498.15 rupees

** Motilal Oswal Financial Services sees 34% upside in next 12 months for co, which connects lounges and premium airport facilities with debit and credit card users

** Expects DREM to benefit from rapid growth in Indian airline industry, international expansion

** Motilal initiates coverage with "buy", second brokerage to assume coverage

** Says growing adoption of bank cards (with lounge access as a key benefit) will boost DREM's pay-per-use revenue model

** Estimates 20% revenue CAGR for DREM over fiscal 2024-2026

** Including today's gains, stock down 6.5% YTD, after gaining 48% in 2022 - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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Feb 26 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DREAMFOLKS SERVICES - DREAMFOLKS, LOOKS SALON PARTNER TO OFFER EXCLUSIVE BEAUTY, GROOMING SERVICES

• DREAMFOLKS SERVICES - COLLABORATION STRENGTHENS DREAMFOLKS' FORAY INTO LIFESTYLE SERVICES SEGMENT

Source text for Eikon: [ID:]

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Feb 7 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DEC-QUARTER CONSOL NET PROFIT 201.3 MILLION RUPEES VERSUS 189.8 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.05 BILLION RUPEES VERSUS 2.04 BILLION RUPEES

Further company coverage: DREM.NS

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Nov 30 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• ENTERS INTO PARTNERSHIP WITH GREY WALL

Source text for Eikon: ID:nBSE9JxJDc

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Oct 25 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• SEPT-QUARTER CONSOL NET PAT 178.5 MILLION RUPEES VERSUS 148.2 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.82 BILLION RUPEES VERSUS 1.71 BILLION RUPEES

Source text for Eikon: [ID:]

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** Shares of Dreamfolks Services DREM.NS rise 5.3% to 528.45 rupees

** More than 1.2 mln shares of the airport services aggregator changed hands at 10:02 a.m. IST in a block deal at 509.5 rupees apiece - LSEG data

** Stock posts biggest intraday pct gain since Aug. 2; touches highest level since Aug. 18

** As of last close, stock up 37.8% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of airport service aggregator Dreamfolks Services DREM.NS rise as much as 4.11% to 521.50 rupees

** Co said on Wednesday it has entered into a strategic partnership with a Visa service provider to offer premium lounges at visa centers and doorstep visa services

** DREM didn't disclose the name of the visa service provider

** Share price above 200-day simple moving averages, but below 50-day and 100-day SMAs

** More than 474,000 shares change hands, 0.6x 30-day avg

** Two of the three analysts covering the stock have a "strong buy" rating while one has "sell"; median PT is 635 rupees - Refinitiv data

** Dreamfolks stock up 40% YTD

(Reporting by Ashish Chandra in Bengaluru)

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Aug 9 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• INDIA'S DREAMFOLKS SERVICES LTD JUNE-QUARTER CONSOL NET PAT 130 MILLION RUPEES VERSUS PROFIT 134.4 MILLION RUPEES

• DREAMFOLKS SERVICES LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.66 BILLION RUPEES VERSUS 1.6 BILLION RUPEES

Source text for Eikon: ID:nBSE11JBVs

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** Shares of airport service aggregator Dreamfolks Services DREM.NS rise as much as 9.9% to record high of 717.85 rupees

** Co partners with airport hospitality provider Plaza Premium Group to include over 340 lounges in its network

** Trading vol as of 10:05 a.m. IST is 1.3X the 30-day daily avg

** Stock last up 5.6%, taking YTD gains to 89%

(Reporting by Varun Vyas in Bengaluru)

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July 12 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• ANNOUNCE STRATEGIC COLLABORATION WITH PLAZA PREMIUM GROUP

• COLLABORATION TO EXPAND GLOBAL LOUNGE NETWORK, ENHANCE TRAVEL EXPERIENCE FOR INDIAN PASSENGERS

Source text for Eikon: ID:nBSE8C0d7v

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May 23 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• INDIA'S DREAMFOLKS SERVICES LTD MARCH-QUARTER CONSOL NET PAT 253.1 MILLION RUPEES VERSUS 89.8 MILLION RUPEES

• DREAMFOLKS SERVICES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.38 BILLION RUPEES VERSUS 991.7 MILLION RUPEES

Source text for Eikon: ID:nBSE7tC4R4

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