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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. ....

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Go Air files IPO papers with SEBI for Rs 3,600-cr issue; firm rebrands as Go First ahead of IPO


Go Air files IPO papers with SEBI for Rs 3,600-cr issue; firm rebrands as Go First ahead of IPO
Surbhi Jain
© Provided by The Financial Express
Ahead of Go Airlines IPO, India s ultra low-cost airline has rebranded itself as Go First .
Go Airlines has filed a Draft Red herring Prospectus with capital markets regulator SEBI to launch an IPO (initial public offering) worth Rs 3,600 crore. The Wadia group-owned airline company in consultation with its lead managers will issue shares through a preferential issue or any other method to raise up to Rs 1,500 crore. Ahead of Go Airlines IPO, India’s ultra-low-cost airline has rebranded itself as ‘Go First’. The company has planned to utilise the net proceeds from issue towards prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by the company worth Rs 2,015.8 crore. While Rs 279.26 crore will be used for the replacement of letters of credit which are us ....

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Macrotech Developers IPO allotment status: Macrotech Developers IPO: How to check allotment status

Macrotech Developers IPO allotment status: Macrotech Developers IPO: How to check allotment status
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