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Droom Technology Limited

Droom Technology Limited

upcoming
TBAMin. investment

Droom Technology Limited IPO Details

IPO type
Regular
RHP/DRHP
Read

Droom Technology Limited Timeline

  1. Pre-apply
    To be announced
  2. Bid start
    To be announced
  3. Bid end
    To be announced
  4. Allotment
    To be announced
  5. Release of funds
    To be announced
  6. Demat transfer
    To be announced
  7. Listing
    To be announced
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.

Droom Technology Limited Contact Details

Company NameDroom Technology Limited

How to apply for Droom Technology Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Droom Technology Limited IPO FAQs

Investors can apply for the Droom Technology Limited through their Demat account via the stock exchange or through their broker.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
For Droom Technology Limited, the IPO registrar is KfinTechnologies Limited. You can check Droom Technology Limited allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Droom Technology Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.