About Droom Technology IPO
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.
Here are key details about the Droom Technology IPO:
Here’s a quick look at Droom Technology IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
Droom Technology IPO details
| Droom Technology IPO date
The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The Droom Technology IPO’s opening date – in other words, the Droom Technology IPO launch date – hasn’t been announced yet. The Droom Technology IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Droom Technology shares allotment date.
Investors, who receive allotment, can expect them to be credited in their demat account after the allotment date. Besides this, the Droom Technology IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Droom Technology IPO.
| Droom Technology IPO Price Band
The Droom Technology IPO is a book-built issue. The Droom Technology IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Droom Technology IPO opens, interested investors will have to choose a price within the band to apply for the public issue.
Also, the Droom Technology IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Droom Technology IPO Lot size
The Droom Technology IPO details haven’t been declared. Hence, the Droom Technology IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, the Droom Technology IPO issue size has been declared yet.
How to pre-apply for the Droom Technology IPO?
You can pre-apply for the Droom Technology IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
How to apply for the Droom Technology IPO?
If you are interested in this investment opportunity but unsure how to apply for the Droom Technology IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Droom Technology IPO on Upstox:
How to check the Droom Technology IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Droom Technology IPO allotment status:
Open a demat account with Upstox to apply for the Droom Technology IPO
To apply for the Droom Technology IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Droom Technology IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Droom Technology IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Droom Technology IPO means applying for this public issue before it goes live. However, pre-apply for the Droom Technology IPO isn’t open currently.
The pre-apply for the Droom Technology IPO will begin two days before its launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Droom Technology IPO opens for subscription.
The dates for the Droom Technology IPO haven’t been announced yet.
The details about the lot size haven’t been announced yet.
The price band for the Droom Technology IPO isn’t available currently.
The size of the Droom Technology IPO has not been announced yet.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
The date for crediting Droom Technology shares to the demat account has not been announced yet.
Droom Technology shares will on NSE and BSE
The listing date has not been announced yet.