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


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)…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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