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Indian auto classifieds platform CarTrade lists at discount to issue price

Indian auto classifieds platform CarTrade lists at discount to issue price
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

United States , Anand Rathi , Warburg Pincus , Bina Vinod Sanghi , Aditya Kondawar , Springfield Venture International , March Capital , Highdell Investment , Macrithie Investments Pte , Bina Vinod ,

CarTrade IPO to commence on August 9, aims to raise Rs 2999Cr


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. ....

Warburg Pincus , Bina Vinod Sanghi , Shriram Automall , Kotak Mahindra Capital Company , Jp Morgan , Springfield Venture International , Link Intime India Private Ltd , Nomura Financial Advisory Securities India Private , Cartrade Tech , Axis Capital , Highdell Investments , Macrithie Investments Pte , Highdell Investment , Macritche Investment Pte , Adroit Auto , Citigroup Global Markets India , Nomura Financial Advisory , Link Intime India Private , Trade Tech , Mahindra First Choice , வார்பர்க் பிங்கஸ் , ஸ்ரீராம் தானியங்கு , கோட்டக் மஹிந்திரா மூலதனம் நிறுவனம் , ஜ்ப் மோர்கன் , இணைப்பு நேர இந்தியா ப்ரைவேட் லிமிடெட் , அச்சு மூலதனம் ,