Droom IPO: Automobile marketplace files Rs 3,000-crore IPO papers
Shortpedia
Content Team
Image Credit: Droom's Official website
Droom Technology, an online marketplace for automobiles, has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,000 crore through an initial share-sale. The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 2,000 crore and an offer for sale to the tune of Rs 1,000 crore by promoter Droom Pte Ltd, according to the draft red herring prospectus (DRHP).
