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Droom Technologies IPO analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 21 Years

Droom Technologies Grey Market News Today #Droom IPO
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Droom Technologies Company Details
Droom 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. It offers a 21st-century e-commerce experience for automobiles and is one of the leading e-commerce platforms for used cars sales in India . It is the only major Indian player with a completely online transactional model and offer one of the largest selection of automobiles amongst the major online players in India with over 1.15 million vehicles listed that includes both used and new cars and twowheelers, and other vehicles, as of September 30, 2021.
Its automobile e-commerce platform, which includes its 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.
India is currently the fifth-largest automotive industry and is expected to be the world’s third-largest automotive industry in terms of volume by Fiscal 2026. India has one of the lowest motorization rates in the world at 22 cars for every 1,000 people.
The market for used vehicles is expected to grow at a CAGR of 15.7% between Fiscal 2021 and Fiscal 2026 to reach Rs 7,083 billion. At 1.5, India has one of the lowest
used-to-new car ratios globally as of Fiscal 2021. The majority of the used vehicle market in India is unorganised with a highly fragmented seller base.
The GMV for used online transacted vehicles in India is Rs 154 billion as of Fiscal 2021 and is expected to grow at a CAGR of 66.9% between Fiscal 2021 and Fiscal 2026 to reach Rs 1,994 billion. The current online penetration rate for used cars is 1%.
From commencing our operations in 2014 with its Android mobile app and offering buying and selling of only used vehicles in Delhi-NCR by auto dealers, it has expanded its platform to include over 11 vehicle categories, including new and used vehicles, sold by auto dealers and individual sellers in 1,151 cities in India using its Android app, iOS
App, M-site, and website, as of September 30, 2021.
for more information, click : www.droom.in

The promoters of Droom Technologies
Sandeep Aggarwal & Droom Pte ltd

Droom Technologies IPO Main Objects
The Offer comprises of the fresh issue & Offer for Sale
The Company proposes to utilise the Net Proceeds towards
1. Funding organic growth initiatives
2. Funding inorganic growth initiatives

Droom Technologies IPO Details
IPO opens on ?, 2021
IPO closes on ?,2021
Issue Type: Book Built Issue IPO
Issue : up to ? Shares /Rs 3000 Crore
* Fresh Issue of ? Sh/ Rs. 2000 Cr
* Offer for Sale of ? Sh/ Rs.1000 Cr.

Face Value per share : Rs. 1

Droom Technologies IPO Price Band Per Equity Share: Rs. ?
Droom Technologies IPO Retail Lot Size ? Shares
Droom Technologies Listing will at BSE,NSE

Shares offered to
QIB (%) ? Shares = Rs ? Cr
NII (%) ? Shares = Rs ? Crs
RII (%) ? Shares = Rs ? Crs
Lot size: ? Shares = ? Forms
Min Retail Application : ? Sh , Rs. ?
Max Retail Application : ? Sh, Rs ?

Droom Technologies IPO Tentative timeTable
Droom Technologies IPO Allotment on
Unblocking of ASBA
Credit to Demat Accounts
Droom Technologies Listing on

Droom Technologies IPO Financial Details :
Earnings per Share 2019-20 Rs (7.04)
Earnings per Share 2020-21,Rs ( 5.21)
Earnings per Share 2021-22 6M Rs ?
Book Value of the Share as on 31.3.2021 Rs 1.43
Return on Net Worth: 19-20 (151.19) %
Return on Net Worth: 20-21: ( 142.19) %
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio:
Droom Technologies IPO Peer Comparison:
Cartrade Tech @ PE Multiple of 62.42

Droom Technologies IPO Lead Managers
ICICI Securities,Axis Securities ltd,Edelwiess Financial Services,HSBC Securities,Nomura Financial Advisory
Registrar to Droom Technologies IPO : Kfin Technologies India pvt ltd.

Registered Office of Droom Technologies
90/31B, First Floor, Malviya Nagar, New Delhi – 110017
Company Secretary and Chief Compliance Officer : Anil Dwivedi,

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5 Comments on “Droom Technologies files DRHP

  1. Bhasurangan k

    Good companies, IPO shares will not be allotted to ordinary retail investors. The registrar’s or the lead managers will decide who should all be given allotment of IPO shares that may fetch some listing gains. One registrar is K Fintech, they allot IPO shares mostly to their friends and relatives on commission basis.

    Reply
  2. Kena Patel, Mumbai

    Admin.. As you suggested I tried to sell my used car on Car Trade and I didnot receive any call nor any inquiry. God knows how they make huge incomes ?

    Same is the case with Droom… No presence in any big cities

    Reply
  3. Vinayak Todi, Indore

    The are not NEW AGE businesses,… they are NEW AGE Dacoits… Try to loot innocent investors by showing large downloads and anchor investors’ interest etc etc…

    Reply
  4. Sushma Patel,Ahmedabad

    Younger brother of Cartrade… Will talk nicely to us. .. release huge advertisements in TV channels, when the IPO date is nearer and then will offer its shares of huge level and then we shall lose our precious capital by 30% /40% in just one day.

    Reply

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