CarTrade IPO: The issue will open on August 9 and close on August 11. The issue will open on 6th August for anchor investors. CarTrade allows users to buy both new and used cars.
Multi-channel auto platform CarTrade Tech has fixed the price band of its initial public offering (IPO) at Rs 1,585-1,618 per share. The issue will open on August 9 and close on August 11. The issue will open on 6th August for anchor investors. CarTrade is invested by American private equity investor Warburg Pincus, Singapore-based state-run Temasek, JP Morgan and March Capital Partners.
CarTrade allows users to buy both new and used cars. In this IPO 1,85,32,216 equity shares will be sold by the shareholders and promoters. In this IPO CMDB II 22,64,334 Equity Shares, Highdell Investment 84,09,364 Equity Shares, Macrithie Investments 50,76,761 Equity Shares, Springfield Venture International 17,65,309 Equity Shares and Bina Vinod Sanghi (Bina Vinod Sanghi) 1,83,333 Equity Shares. will sell.
What do company do?
CarTrade is a multi-channel auto platform that offers a wide range of vehicle types and value added services. Its platforms operate under multiple brands – CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz .
Through these platforms, the company enables new and used automobile customers, vehicle dealerships, vehicle original equipment manufacturers (OEMs) and other businesses to buy and sell their vehicles in an easy and efficient manner.
He is the manager of the issue
Axis Capital, Citigroup Global Markets India, Kotak Mahindra Capital Company and Nomura Financial Advisory & Securities Private Limited are the managers of the issue.
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