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Droom IPO

Droom Ltd.

Droom IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
To be announced------
Issue SizeIPO Doc
3000.00Cr
DRHP PDF

About Droom

Droom is a technology and data science company that facilitates automobile buying and selling online through a combinati
Parent Organisation
Droom Ltd.
Founded
2014
Managing Director
Sandeep Aggarwal

Strengths & Risks

  • End-to-end e-commerce platform for buying and selling used vehicles in India.
  • Purely online player which allows the company to escape expensive real estate, and high cost of capital.
  • An asset-light and technology-driven platform.
  • As of September 30, 2021, the company had over 278,807 used vehicles listed across 11 categories present across 1,151 cities in India.
  • As of September 30, 2021, the company had 14.46 million cumulative downloads of its mobile app.
  • The company holds a valid patent in the United States for Orange Book Value (OBV), its used vehicle pricing solution.
  • Other platforms such as its AI-based vehicle inspection service and Droom Credit, an automobile-focused lending platform have been developed entirely in-house.
  • The number of auto dealers on its platform has increased at a CAGR of 11.57% from 16,175 as of March 31, 2019, to 20,133 as of March 31, 2021, and were 20,725 as of September 30, 2021.
  • Business heavily reliant on India’s used and new automobile and vehicular services e-commerce industry - any impact on the overall market will likely have an impact on the company’s business.
  • Inability to add more auto dealers or a reduction in the number of auto dealers on the platform could have a material adverse effect on the business.
  • There are outstanding legal proceedings involving the company, its directors, promoter, and subsidiaries.
  • The company intends to utilise a certain amount from the net proceeds of the IPO towards potential acquisitions and strategic initiatives - if there is any shortfall the company may raise requisite capital through means such as internal accruals and/or seeking debt.
  • Funding requirements are based on internal management estimates and its current business plans have not been appraised by any bank or financial institution.
  • Demand for used vehicles is subject to seasonal fluctuations.
  • Limited number of third-party financing partners to fund loans facilitated through its platform
  • Negative cash flows from operating activities in the three months ended June 30, 2021, and Fiscals 2021, 2020, and 2019.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Top IPO FAQs

What is the issue size of Droom IPO?

Droom IPO issue size is Rs 3000 crores.

What is 'pre-apply' for Droom IPO?

Pre-apply will alow you to apply for the Droom IPO 2 days before the subscription period starts.

If I pre-apply for Droom IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Droom IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Droom IPO order is placed?

We will notify you when your Droom IPO order is placed with the exchange.

What are the open and close dates of the for Droom IPO?

Droom IPO dates haven't been announced yet.

What is the lot size and minimum order quantity of the Droom IPO?

Droom lot size and minimum order quantity hasn't been announced yet.

What are the allotment dates for the Droom IPO?

Droom IPO allotment date hasn't been announced yet.

Who is the registrar of Droom IPO?

Droom IPO registrar is Kfin Technologies Private Ltd.

Where is the Droom IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.
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