Auto e-commerce platform Droom files DRHP to raise Rs 3,000 crore in IPO

Auto ecommerce platform Droom has filed its draft red herring prospectus (DRHP) with markets regulator Sebi to raise Rs 3,000 crore in an initial public offering. The offer comprises a fresh issue of aggregating up to Rs 2,000 crore and an offer for sale of up to Rs 1,000 crore.

As a part of the OFS, Droom Pte. Ltd, is the holding company based in Singapore, will sell up to Rs 1000 crore, according to the draft red herring prospectus (DRHP) filed with SEBI.

Additionally, the company, in consultation with the lead bankers to the issue may consider a further issue of equity shares including a private placement aggregating up to Rs 400 crore. If such placement is completed, the fresh issue size will be reduced.