Droom Technology Limited
mainboardupcomingAbout the company
People are usually afraid of buying used vehicles because it's difficult to gauge their true value as well as wear and tear. This is where Toyota-backed Droom Technology steps in. From inspecting the vehicle and finding its fair value to verifying historical records and scheduling delivery or pickup – one can find all these details on the Droom platform. It’s an online marketplace that primarily operates in the used car market. As of September 2021, 2.7 lakh used vehicles were listed on its platform. The automobile e-commerce platform leverages technology to source vehicles and sell them online. It also offers technology-led services for vehicle certification, loan, insurance and delivery. Now this company is planning to zoom ahead by raising funds through the Droom Technology IPO. The Droom Technology ltd IPO will be a combination of an offer for sale and a fresh issue. The money raised through the fresh issue of Droom Technology IPO will be used for funding growth of the business as well as making strategic acquisitions.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 04 Sep | ₹0 | ₹0 | -1 |
| 03 Sep | ₹1 | ₹1 | 0 |
| 02 Sep | ₹1 | ₹1 | -1 |
| 01 Sep | ₹2 | ₹2 | +2 |
| 31 Aug | ₹0 | ₹0 | 0 |
| 30 Aug | ₹0 | ₹0 | 0 |
| 29 Aug | ₹0 | ₹0 | -1 |
| 28 Aug | ₹1 | ₹1 | 0 |
Strengths
Risks
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
UpcomingTBABidding starts for all investor categories
IPO Closes
UpcomingTBALast day to place your bid
Basis of Allotment
UpcomingTBAShare allotment finalised
Refund Initiation
UpcomingTBARefunds credited for non-allottees
Credit to Demat
UpcomingTBAAllotted shares credited to demat account
Listing on Exchange
UpcomingTBAShares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail | 1 | 0 | ₹0 | Infinity | ₹NaN | ≤ ₹2,00,000 |
| sHNI (Small HNI) | Infinity | NaN | ₹NaN | Infinity | ₹NaN | ₹2L – ₹10L |
| bHNI (Big HNI) | Infinity | NaN | ₹NaN | Infinity | ₹NaN | > ₹10L |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | NaN | NaN | NaN | 0.00x | 100% |
| NII | 15% | NaN | NaN | NaN | 0.00x | 100% |
| Retail | 35% | NaN | NaN | NaN | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).