Swapnakoodu movie is all about love, friendship and sacrifice. Kunjunju (Prithviraj), Deepak Narayanan (Kunchacko Boban) and Ashta Moorthy (Jayasurya) reach Pondicherry to do their Hotel Management course. Kunjunju is a flirt who makes a pass at every girl he meets; Deepu is a calm and cool guy who is never able to express his true feelings and Ashtmoorthy is a funny person who doesn't take anything serious.
They had to share a house where a mother (Kalaranjini) and her two daughters are staying. All the three guys try to win the heart of Kamala (Meera Jasmine) who is a florist.