Droom IPO GMP, Droom Grey Market Premium Today
Droom is coming soon with its IPO. Checkout Droom IPO GMP. Today we will talk about Droom IPO, India’s major E-commerce platforms for used bike and Cars. The company plans to raise around Rs 3000 crore through IPO. Know everything about Droom IPO - Droom IPO GMP (Droom Grey Market Premium), IPO Date, Droom IPO Review, All important dates, Benifits and Risk. We will update Grey Market Premium everyday. Also, all the information related to Droom IPO like price band, all dates, issue size and retail portion ,etc. Everything about Droom IPO is given below.
Droom Technology Limited filed its DRHP with market regulator SEBI (Securities and Exchange Board of India) for an initial public offering (IPO) of around ₹3,000 crores (about $0.4 billion). The company is looking to raise Rs 3000 crore through an initial public offering (IPO). Where Rs 2000 crore will be from fresh issues and the rest will be under OFS (Offer for Sale). In this IPO, shares worth Rs 1000 crore will be sold through an offer for sale. The IPO of Droom will be listed on NSE and BSE. Although Droom IPO price band, issue size, lot size have not been officially announced. The information given is on the basis of DRHP filed by Droom Technology Limited.
Droom is India’s major E-commerce platform for used bike and car sales, which plans to raise around Rs 2,000 crore through the sale of fresh shares through IPO. According to reports, Droom is the third most valuable startup in India. According to India's Ministry of Corporate Affairs, SoftBank holds a 46% stake in Oyo while the company's founder Ritesh Agarwal and his holding company held a 33% stake in the firm. We will talk about Oyo's financials, benefits, and risks of investing in the company. Also will discuss Oyo's business model and Oyo's IPO.
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What is Droom IPO GMP Today?
Droom IPO GMP is ₹0.
What is the Droom IPO Date?
Droom's IPO date is not officially announced.
What is Droom IPO Expected Return?
Droom IPO Expected Returns is approx -%.
About Droom
The company was founded in the year 2014 by Sandeep Agarwal. Droom is a technology and data science company that provides online automobile buying and selling through an automobile e-commerce platform. According to the official website: Droom is India's first and only online marketplace for buying and selling new and used bikes and cars.
The automobile transactions market share (online) by the company is around 65%. Droom is the largest auto portal in India through which one can buy or sell their car or bike.
Droom is a platform that enables end-to-end transactions between buyer and seller and is made online. The Droom platform offers a wide range of vehicles and a wide list of deals across all automobile categories including bikes, cars, planes, etc. Droom allows its customers to easily buy and sell new and used cars and other vehicles on its e-commerce platform.
Droom IPO Important Links:
- Website: Droom
- DRHP: Droom DRHP
- RHP: Droom IPO RHP
Purpose of the offer
- Prepayment or repayment of borrowings of some subsidiaries.
- Funding organic and inorganic growth initiatives like expanding storefront base, Increasing user base, technology, platform.
- The company wants to be able to achieve the benefits of listing the shares on the stock exchanges.
Droom GMP Today (Grey Market Premium)
[!Note:- Droom IPO GMP not started yet.]
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Droom IPO Date and Price Band Details
Droom IPO open date: December 2021, Closing date: December 2021, and Listing date: December 2021. The price band of Droom IPO is ₹- to ₹- per share. Droom IPO issue size is Rs 8,430 crores. Droom Ipo retails portion is -%, QIB Portion is -%, and NII Portion -%.
| IPO Open: | December 2021 |
| IPO Close: | December 2021 |
| Listing Date: | December 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹3000 Cr. |
| Fresh Issue: | Approx ₹2000 cr. |
| Offer For Sale: | Approx ₹100 Cr. |
| Price Band: | ₹- to ₹- per share |
| Face Value: | ₹[.]/ Equity share |
| PE: | -- |
| Equity: | -- Shares |
| Retail Portion: | -% |
Droom IPO Market Lot & Size
Droom IPO's minimum lot size is - shares with ₹- application amount and the maximum lot size is - shares with ₹- application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | Shares |
| Minimum Amount: | ₹- |
| Maximum Lot: | To be Updated |
| Maximum Lot Size: | Shares |
| Maximum Amount: | ₹- |
Droom IPO Allotment & Listing Date
| Ipo Opening Date: | December 2021 |
| IPO Closing Date: | December 2021 |
| Basis of Allotment: | December 2021 |
| Refund Date: | December 2021 |
| Credit to Demat Account: | December 2021 |
| Listing Date: | December 2021 |
Droom IPO Review
HappiestPost View: To be updated.
Anil Singhvi Review: To be updated.
Brokerage Firm IPO Reviews
- Motilal Oswal: To be updated
- ICICI Securities: To be updated
- Capital Market: To be updated
- Ventura Securities Limited: To be updated
- GEPL Capital Ltd: To be updated soon
Strength
- The company is the market leader in terms of vehicle e-commerce platforms.
- The company's product portfolio is quite large and attractive, meaning the company offers a wide variety of vehicles on its platform, at different price points, in different color categories.
- The company uses data to deliver exceptional value to its platform.
- The company has an excellent and experienced management team
Risks
- Many companies are coming into the field of online vehicle buying and selling, due to which the company may have to face tough competition.
- The vehicle industry has been hit hard due to the continuing impact of the COVID-19 pandemic.
- The Company's business offers on Used Vehicles and New Automobile Platforms which are associated with the risks associated with E-commerce Platforms.
- The company has to keep the cyber security of its platform strong, cyber security breach or theft of customer data may damage their reputation.
- The company's business depends on auto dealers and brand awareness, the company needs to grow its brand awareness.
Droom Financials
Droom Financials (in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹129.03 | ₹146.11 | -₹105.37 |
| 2020 | ₹136.48 | ₹181.37 | -₹89.60 |
| 2021 | ₹114.84 | ₹135.52 | -₹68.88 |
Promotors
The promoters of the company are:
- Sandeep Aggarwal
- Droom Pte. Ltd.
Contact Details of Droom
Droom Limited
90/31B, First Floor,
Malviya Nagar, New Delhi, INDIA
110017, Delhi
Tel: +91 11 4040 4501
E-mail: companysecretary@droom.in
Official Website: www.droom.in
Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Edelweiss Financial Services Limited
- HSBC Securities and Capital Markets (India) Private Limited
- Nomura Financial Advisory and Securities (India) Private Limited
Droom IPO Registrar
KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana, In
Tel: +91 22 4918 6200
E-mail: droom.ipo@kfintech.com
Website: www.kfintech.com
Conclusion
Droom is one of India's leading e-commerce platforms for the sale of used and new vehicles (Cars, Bikes, Other Vehicles, etc.). For used autos (secondhand vehicles), the online penetration rate is currently 1%. It is estimated that four out of five people will come online to buy second-hand vehicles. If this happens, platforms like Droom will benefit greatly, increasing their user base as well as revenue. The final conclusion will be updated once the basics of Droom's IPO are revealed.
Droom IPO FAQs
What is droom IPO GMP Today?
Droom IPO GMP is ₹0 as of today.
What is the droom IPO Opening Date?
Droom IPO's Opening date is December 2021.
What is the droom IPO Closing Date?
Droom IPO Closing date is December 2021.
What is the droom IPO Listing Date?
Droom IPO Date is December 2021.
What is the droom IPO Kostak Rate?
Droom IPO Kostak rate is ₹0.
What is droom IPO Expected Returns?
Droom IPO Expected Returns is [.]%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Droom Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Droom".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
!Note:- Droom IPO official details not yet announced. We will update you when the final details of the Droom IPO are announced. As of today, the IPO Grey Market Premium (Droom IPO GMP) has not started. You can visit our page for daily Droom IPO grey market premium and other important updates.
Disclaimer
- First research about the company and then apply for IPO.
- We are not involved in grey market trading in any way. And do not provide the facility to buy or sell IPO form of any IPOs.
- Reference to IPO Gray Market Premium (IPO GMP) is valid only for the date specified in the header, we are not involved in the buy or sell of IPO form.
- Do not decide to subscribe to an IPO solely on the basis of GMP (Grey market premium), as this may change at any time prior to listing. Do research about the fundamentals and financial details of companies before subscribing.
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