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CarTrade IPO to commence on August 9, aims to raise Rs 2999Cr Online auto classifieds startup CarTrade Tech is all set to launch its initial public offering (IPO) on August 9 and will stay open until August 11 of this year as mentioned on the website Axis Capital the company’s IPO banker. CarTrade has fixed a price band of Rs 1585-1618 apiece with the face value of Rs 10 each. The company further confirmed that bidding for anchor investors will commence on August 6. Background: Nekrashevich from Pexels × CarTrade Logo The initial public offering (IPO) consists of a straight-up offer for sale (OFS) of 18.53 million shares by the company’s current shareholders and promoters. CMDB II owns 2.26 million shares, Highdell Investments has up to 8.41 million shares, Macrithie Investments Pte holds up to 5.08 million shares, Springfield Venture International has up to 1.77 million shares, while Bina Vinod Sanghi seems to have up to 1.83 lakh shares.

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