IPO · Commerce & Consumer Brands

Droom Technology files for three thousand crore rupee ipo

By Startup Enthusiast · 12 September 2026

What they do

Droom operates an online marketplace for buying and selling new and used automobiles in India

The company filed for an initial public offering (IPO) totaling three thousand crore rupees, including a fresh issue and an offer for sale

The company plans to use the proceeds to fund organic and inorganic growth initiatives and general corporate purposes

Droom Technology has filed for an initial public offering (IPO) to raise up to 3000 crore rupees.
The offering consists of a fresh issue of shares worth up to 2000 crore rupees.
Existing promoter Droom Pte Ltd will participate through an offer for sale (existing shareholders sell their shares; no new money reaches the company) of up to 1000 crore rupees.
The company may conduct a pre-IPO placement (private share sale before the public listing) of up to 400 crore rupees.
Any funds raised through a pre-IPO placement will reduce the total size of the fresh issue.
The equity shares have a face value (the nominal value of a share) of 1 rupee each.

The company intends to use the capital to support organic growth (internal expansion) and inorganic growth (acquisitions).
Proceeds are also allocated for general corporate purposes to support ongoing business operations.
The filing marks a significant step for the automobile marketplace as it seeks to access public capital markets.

Droom operates a digital platform for the automobile sector.
The company facilitates the buying and selling of new and used vehicles.
It provides services to connect buyers and sellers across the Indian market.
The business is headquartered in Hyderabad at the Karvy Selenium facility.
The company maintains formal communication channels for investors and stakeholders.

The company will utilize the funds for organic and inorganic growth initiatives.

Product: Online marketplace for buying and selling used and new automobiles and other assets
Customers: Individual buyers and sellers of automobiles and consumer goods
How it makes money: Commission-based marketplace for automobile and consumer goods transactions
What sets it apart: AI-powered features for marketplace automation and user experience