Droom Technology Ltd - IPO

Droom Technology Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 1 each (equity shares) of Droom Technology Limited (Companyor Issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] crores (the Offer) comprising a fresh issue of up to [*] equity shares by the company aggregating up to Rs. 2000.00 crores (Fresh Issue) and an offer for sale of up to [*] equity shares (Offered Shares) by Droom Pte. Ltd. (Promoter Selling Shareholder) aggregating up to Rs. 1000.00 crores (Offer for Sale). The offer would constitute [*]% of the post-offer paid-up equity share capital of the company.The company, in consultation with the brlms, may consider a further issue of equity shares, including by way of a private placement or any other methods as may be permitted in accordance with applicable law, for cash consideration aggregating up to Rs. 400.00 crores, at its discretion, with the roc (Pre-ipo Placement). Any amount raised pursuant to such a pre-ipo placement will be reduced from the amount of the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (the Scrr).The face value of the equity shares is Rs. 1 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot size will be decided by the company.

Objective of issue

Funding organic growth initiatives. Funding inorganic growth initiatives. General corporate purposes.

Droom Technology Ltd Contact Details

Droom Technology Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - companysecretary@droom.in

Website -