Droom Ltd. IPO
Price Band
₹ – ₹
Lot Size
Minimum Bid Quantity
Not Announced
Minimum Investment
₹0
Issue Size
₹3000Cr
Opens
Closes
Listing
Not Announced
IPO Details
Issue Type
EQUITY
Face Value
₹0
Tick Size
1
ISIN
DROOMISIN123
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Droom is a technology and data science company that facilitates automobile buying and selling online through a combination of its e-commerce platform along with a technology-driven vertically integrated proprietary ecosystem of products and services for the automobile industry. The company’s automobile e-commerce platform, which includes website and mobile apps, offers the facility to buy and sell new and used vehicles. Some of the elements of automobile buying covered on the company’s platforms are searching for a vehicle, creating buying requirements, price discovery, booking, certification to purchase and financing and doorstep delivery.
Pros
- • End-to-end e-commerce platform for buying and selling used vehicles in India.
- • Purely online player which allows the company to escape expensive real estate, and high cost of capital.
- • An asset-light and technology-driven platform.
Cons
- • Business heavily reliant on India’s used and new automobile and vehicular services e-commerce industry - any impact on the overall market will likely have an impact on the company’s business.
- • Inability to add more auto dealers or a reduction in the number of auto dealers on the platform could have a material adverse effect on the business.
- • There are outstanding legal proceedings involving the company, its directors, promoter, and subsidiaries.
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