Droom Technology IPO
Droom Technology is a technology and data science company that facilitates automobile buying and selling online through a combination of its asset-light automobile e-commerce platform along with a technology-driven vertically integrated proprietary ecosystem of products and services for the automobile industry. The company offers a 21st-century e-commerce experience for automobiles and is one of the leading e-commerce platforms for used cars sales in India (Source: GT Report). It 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 (Source: GT Report) with over 1.15 million vehicles listed that includes both used and new cars and two-wheelers, and other vehicles, as of September 30, 2021. Its automobile e-commerce platform, which includes the website and mobile apps, offers users convenience and a curated experience to buy and sell new and used vehicles and encompasses every element of automobile buying from searching for a vehicle, creating buying requirements, price discovery, booking, certification to purchase and financing and doorstep delivery.
Droom Technology IPO Details
| Opening Date To be announced | Closing Date To be announced |
| Price Band To be announced | Issue Size To be announced |
| Face Value ₹1 per share | Market Lot To be announced |
| Listing at NSE,BSE | |
Droom Technology IPO Timeline (Tentative Schedule)
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account | To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
Checkout the List of Upcoming IPO
Financial Highlights
| Financial Metrics | Total Assets (In Cr.) | Total Income (In Cr.) | Profit After Tax (In Cr.) |
|---|---|---|---|
| March FY 2021 | Rs. 1,148.38 | Rs. 1,355.23 | Rs. 688.83 |
| March FY 2020 | Rs. 1,364.78 | Rs. 1,813.68 | Rs. 896.03 |
| March FY 2019 | Rs. 1,290.29 | Rs. 1,461.11 | Rs. 1,053.70 |
Strengths & Weakness
| Strengths | Weaknesses | ||
|---|---|---|---|
| Market leader in pure-play automobile e-commerce platform | Failure to deliver a strong vehicle search and positive customer experience could reduce marketplace engagement, harming the business and financial results | ||
| Technology and data science company offering superior value proposition to entire automobile value chain | Failure to maintain or upgrade its proprietary technology could disrupt services and adversely impact business and financial performance | ||
| Diverse range of proprietary technology-driven ecosystem products and solutions | A cybersecurity breach could harm our reputation, reduce demand, and lead to significant liabilities | ||
| Robust unit economics, high operating leverage and sound financial profile | Business faces risks tied to India’s automobile e-commerce industry and broader macroeconomic factors. | ||
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How to apply for Droom Technology IPO ?
Retail investors need to apply for the IPO using UPI
UPI
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- Subscribe for Droom Technology IPO and approve the payment on your UPI ID.
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Frequently Asked Questions
What is the price band of the IPO?
To be announced
What is the size of the company?
To be announced
What is the minimum lot size of the IPO?
To be announced
What is the minimum investment required?
To be announced