Dreamfolks Services

Oct 1 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• GETS SHOW CAUSE NOTICE FOR TAX OF 17.1 MILLION RUPEES, PENALTY OF 1.7 MILLION RUPEES

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March 10 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• GETS TAX DEMAND AGGREGATING TO 70 MILLION RUPEES

Source text: ID:nBSE1Knt1c

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Feb 24 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• RECEIVES GST SHOW CAUSE NOTICE

• TAX DEMAND FOR 69.9 MILLION RUPEES AND PENALTY OF 7 MILLION RUPEES

Source text: ID:nBSE3kNVkx

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

• DREAMFOLKS SERVICES - CARD COMPANY COLLABORATES WITH CO TO LAUNCH PREMIUM WALLET

Source text: ID:nBSE2fKgDH

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** 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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Adds details throughout

Sept 16 (Reuters) - Dreamfolks Services DREM.NS has discontinued airport lounge services in India, it said on Tuesday, adding that other domestic services and global lounge business will continue as usual.

The move would have a material impact, the company said, without giving more details.

Dreamfolks, an aggregator that connects lounge operators with card networks and passengers, began facing challenges after airport operators started looking to offer lounge access directly.

In August, the company had said that three of its customers — Encalm Hospitality, Adani Digital and Semolina Kitchens — would end their contracts , and that it is expanding focus on its global lounge business.

Earlier in July, Dreamfolks also said it was discontinuing certain programs for clients Axis Bank AXBK.NS and ICICI Bank ICBK.NS.

Dreamfolks on Tuesday said its contracts with clients are active and that discussions are ongoing to explore alternative services for customers.

Its shares are down 65% in 2025.

(Reporting by Nishit Navin; Editing by Sahal Muhammed)

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

The customers include India's third-largest operator of lounges, Encalm Hospitality, as well as Adani Digital and Semolina Kitchens, Dreamfolks said in an exchange filing.

(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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June 19 (Reuters) - Dreamfolks Services Ltd DREM.NS:

• DREAMFOLKS SERVICES - DENY REPORT REGARDING ALLEGED SHIFTING OF CLIENTS FROM CO

Source text: ID:nnAZN403T3I

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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

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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

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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

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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

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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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** Shares of Dreamfolks Services DREM.NS up as much as 3.3% to 521.6, reversing losses incurred before results

** Stock on track for a fourth consecutive session of gains, if trends hold

** Co posts 20.5% Y/Y rise in September quarter consol net PAT; revenue from operations up nearly 65%

** More than 1.1 mln shares change hands as of 2:24 p.m. IST, vs 3.1x the 30-day average

** Including day's gains, stock up 41.7% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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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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