Dreamfolks Services released its financial results for the first quarter ending in June 2022 on the first day of its stock market debut. In contrast to posting a loss of Rs 1.4 crore in the same quarter last year, the company posted a consolidated net profit of Rs 13.4 crore this quarter. While this was happening, its operating revenue for the first quarter of FY23 increased from Rs 24.5 crore to Rs 160 crore (YoY).
The company’s EBITDA (profits before interest, taxes, depreciation, and amortisation) increased to Rs 19 crore from a loss of Rs 1 crore in the same quarter last year. The EBITDA margin for the quarter under review was 12per cent.

DreamFolks Services, an airport service aggregator, saw a strong market debut on Tuesday, with shares trading at a premium of 56per cent over their IPO issue price of Rs 326. 56.68 times were subscribed to the DreamFolks Services Initial Public Offering (IPO) last month.
The promoters Liberatha Peter Kallat, Dinesh Nagpal, and Mukesh Yadav offered up to 1.72 equity shares as part of the first public offering (IPO). The public offering was priced between $308 and $326 per share and made up 33 per cent of the company’s post-offer paid-up equity share capital.

Positive market emotions, promising future developments, and an extraordinary response from investors are all factors that contributed to the company’s outstanding listing. Due to its first mover advantage and dominant position in the lounge access industry, the company is primed to develop enormously in the future. It will be among the major benefactors of the rising air travel in India. A stop loss of Rs. 457 may be maintained by those who applied for listing profits. Only long-term investors willing to take on a moderate to a high level of risk should invest after listing, according to Santosh Meena, Head of Research at Swastika Investment Ltd.