“Some of the companies are what I call emerging gems or crowned gems that are coming to the capital markets, having withstood a reasonable test of time. We are seeing a blend of unique companies, a combination of new age companies and also some of the newer sectors from the traditional space like chemicals, pharma, healthcare and the broader consumer space, ” point out Kotak Investment Bankings S Ramesh and Sourav Mallik.
India Business News: The IPO frenzy on Dalal Street continued with four offers together this week trying to mobilise about Rs 14,600 crore, making it one of the busiest we
CarTrade IPO will be an offer-for-sale of 12,354,811 equity shares by existing investors, including Highdell Investment, Macritchie Investments, Springfield Venture International and Bina Vinod Sanghi
Quote: CarTrade Tech Ltd, which had hit near unicorn status post its last fundraising round in April, is one step closer to becoming Indias first online auto classifieds marketplace to list on the domestic bourses.
The firm - backed by marquee investors such as Temasek, Warburg Pincus and JP Morgan - has filed its draft red herring prospectus (DRHP) with SEBI to raise around Rs 2,000 crores via an initial public offer (IPO), sources with knowledge of the matter told Moneycontrol.
Quote: The papers have been filed with the market regulator. There is no fresh issue of shares and the IPO consists of a pure OFS or offer for sale of 12,354,811 equity shares, said one of the individuals cited above.
CarTrade Tech files DRHP for IPO, intends to raise ₹2,000 cr
May 17, 2021
Entire issue will be through offer for sale
Mumbai-based online auto classified platform CarTrade Tech has filed early papers with markets regulator to raise funds through an initial public offering, which will be entirely offer for sale.
The company, which operates several brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz, intends to raise about ₹2,000 crore, market sources said.
According to the Draft Red Herring Prospectus, the OFS would be up to 1.24 crore shares by CMDB II, Highdell Investment Ltd, Macritchie Investments Pte. Ltd, Springfield Venture International and individual promoter investors.