Droom Technology IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Droom Technology IPO release date, IPO offer price, subscription, Droom Technology Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs 10,000 Million |
| Fresh Issue | Rs 20,000 Million |
| IPO Size | Rs 30,000 Million |
| Tick Size | 1 |
Droom Technology IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Droom Technology IPO – Summary
They are a technology and data science company that facilitates automobile buying and selling online through a combination of their asset-light automobile e-commerce platform.
They offer a 21st-century e-commerce experience for automobiles and are one of the leading e-commerce platforms for used cars sales in India.
Droom Technology is the only major Indian player with a completely online transactional model and offers one of the largest selection of automobiles amongst the major online players in India with over 1.15 million vehicles listed that include both used and new cars and two-wheelers, and other vehicles, as of September 30, 2021.
The Promoter of this company is SANDEEP AGGARWAL AND DROOM PTE. LTD.
The lead manager to the issue is ICICI Securities Limited, Axis Capital Limited, Edelweiss Financial Services Limited, HSBC Securities and Capital Markets (India) Private Limited, and Nomura Financial Advisory and Securities (India) Private Limited, and the Registrar to this issue is Kfin Technologies Private Limited.
Droom Technology IPO Date
The opening and the closing date of Droom Technology IPO are not available yet.
Check out Related IPO Links:
| Droom Technology IPO GMP |
| Allotment – Droom Technology IPO |
Droom Technology IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Droom Technology IPO LIVE Subscription
- Droom Technology IPO LIVE Bid details on BSE
- Droom Technology IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Droom Technology IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Droom Technology Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Droom Technology IPO Price
The face value of each share is Rs.1, but the price band of the IPO is Rs.[●]
Droom Technology IPO Size
This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs.[●] per equity share aggregating to Rs.30,000 Million.
Droom Technology IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.
Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.30,000 Million
Open Free Demat Account Now!
Droom Technology IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Droom Technology Share Price |
Droom Technology IPO Grey Market Premium
The Droom Technology Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Droom Technology IPO – Company Overview
Their automobile e-commerce platform, which includes their website and mobile apps, offers users convenience and a curated experience to buy and sell new and used vehicles and encompasses.
As a pure-play automobile e-commerce company, they provide a platform for buyers and sellers to transact vehicles and related services.
To address structural constraints of the automobile market and buyers’ and sellers’ pain points, they have built a platform that aims to deliver wide selection, low prices, inspected and verified vehicles, loan and insurance, and seamless delivery for buyers as one unified Droom experience.
They are one of the leading players in terms of the number of vehicles listed online and as of September 30, 2021, their platform listed 278,807 used vehicles. They have one of the largest dealer networks in India.
Their platform allows buyers to seamlessly discover and purchase a vehicle suited to their personal preference.
Droom Technology IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Jun-21 |
31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 1,704.06 | 1,148.38 | 1,364.78 | 1,290.29 |
| *Total Revenue | 810.51 | 1,355.23 | 1,813.68 | 1,461.11 |
| Total Expense | 1,136.34 | 2,043.66 | 2,708.97 | 2,514.46 |
| Profit After Tax | (325.85) | (688.83) | (896.03) | (1,053.70) |
Earnings per Equity Share (in Million)
| 30-Jun-21 |
31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | (2.42) | (5.21) | (7.04) | (10.12) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. (688.83) Million, Rs. (896.03) Million and Rs. (1,053.70) Million respectively.
Droom Technology IPO – Promoters
The Promoter of this company is:
- SANDEEP AGGARWAL AND DROOM PTE. LTD.
List of Related Parties (Key Managerial Personnel)
- Sandeep Aggarwal Chairman, Whole-time Director and & Chief Executive Officer
- Amarpreet Singh, Whole-time Director & VP-Finance
- Rishab Malik, Non-executive Director
- Joy Kumar Jain, Independent Director
- Namrita Mahindro, Independent Director
- Rajat Kumar Jain, Independent Director
Droom Technology IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Droom Technology IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.30,000 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 191,302,260 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Droom Technology IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding organic growth initiatives
2. Funding inorganic growth initiatives
3. General corporate purposes
Droom Technology IPO – Business Strategy
- Maintain their market leadership position by capitalizing on industry tailwinds due to the secular adoption of automobiles ownership and buying and selling shifting online
- Continue to develop auto dealer and seller network through technology and community outreach
- Continue to invest in technology, data science, ecosystem, and infrastructure
- Expand into new geographies and additional verticals of high margin automobile services through technological innovation, deeper integration, and customer service
- Focus on building the ‘Droom’ brand
- Continue to improve unit economics and focus on profitable growth
- Continue to improve unit economics and focus on profitable growth
Droom Technology IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Market leader in pure-play automobile e-commerce platform
- Technology and data science company offering a superior value proposition to entire automotive value chain
- Diverse range of proprietary technology-driven ecosystem products and solutions
- Scale driving network effect
- Robust unit economics, high operating leverage, and sound financial profile
- Founder-led experienced management team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (5.21) | (364.12) | 1.43 |
| 31-Mar-20 | (7.04) | (151.19) | – |
| Mar-19 | (10.12) | (142.19) | – |
Droom Technology IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Droom Technology Limited | 1 | [●] | (5.21) | (364.12) | 1,355.23 |
| Listed Peers | |||||
| Cartrade Tech Limited | 10 | 62.42 | 22.06 | 5.43 | 2,815.23 |
Droom Technology IPO Lead Managers
| 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 Technology IPO Registrar to offer
| 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: droom.ipo@kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Website: www.kfintech.com Contact person: M Murali Krishna SEBI registration number: INR000000221 |
Droom Technology IPO – Other Details
- Statutory Auditor – B S R & Co. LLP, Chartered Accountants
- Legal Counsel to the Company – J. Sagar Associates
- Bankers to the Company – Axis Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited, Standard Chartered Bank, and Yes Bank Limited
Droom Technology IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Droom Technology IPO
Droom Technology Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Droom Technology IPO Review FAQs
Ques – What is the Issue Size of Droom Technology IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Droom Technology IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.
Ques – What is the Droom Technology IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Droom Technology IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Droom Technology IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Droom Technology IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Kfin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Droom Technology IPO?
Answer – Here are the promoters of this IPO – SANDEEP AGGARWAL AND DROOM PTE. LTD. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Droom Technology IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Droom Technology IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Droom Technology Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is (688.83), 2020 is (896.03), 2019 is (1,053.70). PAT from June 2021 is (325.85).
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics