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)…