eCommerce

Droom To File Draft Papers For INR 1,000 Cr IPO By June

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SUMMARY

Used car marketplace Droom is looking to file the draft papers for INR 1,000 Cr (about $115 Mn) initial public offering (IPO) by June this year, sources told Inc42

The IPO offer will comprise a fresh issue as well as an offer for sale, with the fresh issue likely to be over 50% of the offer

Droom is eyeing a valuation of $1.2 Bn to $1.5 Bn for the IPO and has already finalised two middle market banks for the public issue

Used car marketplace Droom is looking to file the draft papers for INR 1,000 Cr (about $115 Mn)…

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