Droom IPO Date, Price, Review, Form & Market Lot Details

Droom IPO Date, Price, Review, Form & Market Lot Details:- Droom IPO is expected to hit the market in December 2021 and might be cleared by SEBI. Droom Technologies is planning to raise Rs 3,000 crore from its IPO and launch its share by December. Droom had filed an addendum to the draft red herring prospectus earlier this month.

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. Droom has over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is the only fully transactional online platform enabling end-to-end transactions between buyer and seller.

The retail portion of the IPO is 10% while QIB is 75% and NII is 15%. DMR IPO

 

Droom IPO Date, Price, Review, Form & Market Lot Details

 

Droom Details:
  • Droom plans to raise ₹2,000 crores in fresh issues and the remaining ₹1,000 crores would be raised as an offer for sale.
  • Droom will use the capital to fund its organic as well as inorganic growth initiatives.
  • Droom was launched in 2014 by Sandeep Aggarwal, who previously founded ShopClues.

 

Droom IPO Review

  • Adding Soon

 

Droom IPO Date & Price Band

 IPO Open:  December 2021
 IPO Close:  December 2021
 IPO Size:  Approx Rs 3,000 Crores
 Fresh Issue:  Approx Rs 2,000 Crores
 Offer for Sale:  Approx Rs 1,000 Crores
 Face Value:  ₹1 Per Equity Share
 Price Band:  ₹- to ₹- Per Equity Share
 Listing on:  BSE & NSE
 Retail Quota:  10%
 QIB Quota:  75%
 NII Quota:  15%
 Discount:  N/A
 DRHP Draft Prospectus:  Click Here
 RHP Draft Prospectus:  Click Here

 

Droom IPO Market Lot

 Minimum Lot Size:  Minimum – Shares for 1 lot
 Minimum Amount:  ₹- for 1 lot
 Maximum Lot Size:  Maximum – Shares for 13 lot
 Maximum Amount:  ₹- for 13 lot

 

Droom IPO Reservation :

Droom IPO Total Reservation of – shares are to be bid for the public issue by Droom IPO with – for QIB and – for NII – For RII & – Shares EMP.

Category Reservation Shares Amount
QIB : 75 %
NII : 15 %
RII : 10 %
EMP : – %
Total : 100 %

 

Droom IPO Dates :

Droom IPO Date is December. The allotment will be finalized on Not Declare and the IPO may list on Not Declare.

Open Date : December 2021
Close Date : December 2021
Allotment Date : December 2021
Refund Date : December 2021
Share Credit Date : December 2021
Listing Date : December 2021

 

Droom IPO Form

There are two ways to apply in Droom IPO. You can apply for Droom IPO through ASBA available in your bank account. You have to go to your online bank login and select Droom IPO in the Invest section and apply through your bank account. Another option is you can apply for Droom IPO through IPO form download through NSE and BSE. See the Droom IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.

 

Droom Company Financial Report:

Year Revenue Expense
FY21 ₹135.52 crore ₹204 crore
FY20 181.37 crore ₹270 crore
FY19 146.11 crore ₹251 crore

 

Promoters

  • Sandeep Aggarwal
  • Droom Pte. Ltd.

 

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is the only fully transactional online platform enabling end-to-end transactions between buyer and seller. Our Full Circle Trust Score, Buyer’s Protection, Orange Book Value, Droom History and Eco Inspection addresses all the buyers’ pain points and hassles involved in the stressful process of buying or selling a used vehicle. The platform offers a broad catalogue of vehicles and deals in all automobile categories – everything from bicycles to planes. Droom offers the widest collection of used vehicles at the best prices from verified sellers only.

Droom intends to utilise the net proceeds from the fresh issue to fund organic and inorganic growth initiatives aggregating to Rs 1,150 crore and Rs 400 crore respectively and towards general corporate purposes.

For the six months ended September 30, 2021, Droom has seen 89.27 million visits on its website and app and has a network of 20,725 auto dealers present in 1,151 cities. Droom has 2,78,807 used vehicles in 11 categories listed valued at Rs 14,649 crore on its platform, and it sold 56,412 vehicles with a GMV of Rs 5,935 crore in H1 of FY22.

 

GENERAL INFORMATION

Corporate Identity Number: U72300DL2014PLC271386

Company Registration Number: 271386

Registered Office:

90/31B, First Floor
Malviya Nagar
New Delhi – 110017
Delhi

 

Corporate Office:

77A, Building No.1
Iffco Road, Sector-18
Gurugram – 122 015
Haryana

 

Address of the Registrar of Companies

Our Company is registered with the RoC situated at the following address:
Registrar of Companies, National Capital Territory of Delhi and Haryana
4
th Floor, IFCI Tower
61, Nehru Place
New Delhi – 110019
Delhi

 

Company Secretary and Compliance Officer

Anil Dwivedi, Company Secretary and Chief Compliance Officer
Droom Technology Limited
77A, Building No.1
Iffco Road, Sector-18
Gurugram – 122 015
Haryana
Telephone: +91 124 4610 300
E-mail: company[email protected]

 

Registrar to the Offer

KFin Technologies Private Limited
Selenium, Tower B, Plot No – 31 and 32
Financial District, Nanakramguda, Serilingampally
Hyderabad, Rangareddi – 500032
Telangana, India
Tel: +91 40 6716 2222, 1800 309 4001
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.kfintech.com
Contact person: M Murali Krishna
SEBI registration number: INR000000221

 

Droom IPO Lead Managers

  • ICICI Securities Limited
  • Axis Capital Limited
  • Edelweiss Financial Services Limited
  • HSBC Securities and Capital Markets (India) Private Limited
  • Nomura Financial Advisory and Securities (India) Private Limited

 

Droom IPO FAQs

 

What is Droom IPO?

Droom is going to raise ₹3000 Crores via IPO. The issue price band is ₹- to ₹- per equity share. The IPO is to be listed on BSE & NSE.

 

When Droom IPO will open?

The IPO is to open on December 2021 for QIB, NII, and Retail Investors.

 

What is Droom IPO Investors Portion?

The investors’ portion for QIB 75%, NII 15%, and Retail 10%.

 

How to Apply the Droom IPO?

You can apply for Droom IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply the Droom IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Droom”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

 

 

What is Droom IPO Size?

Droom IPO size is ₹3000 crores. The IPO comprises 2,000 crores in fresh issue and the remaining ₹1,000 crores would be raised as an offer for sale

 

What is Droom IPO Price Band?

Droom IPO Price Band is ₹- to ₹- per equity share.

 

What is Droom IPO Minimum and Maximum Lot Size?

The minimum bid is – shares with ₹- amount while the maximum bid is – shares with ₹-.

 

What is Droom IPO Allotment Date?

Droom IPO allotment date is December 2021.

 

What is Droom IPO Listing Date?

Droom IPO listing date is December 2021.

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