CarTrade IPO to open on August 9

The price band for the offer has been determined at Rs. 1,585 – Rs. 1,618 per Equity Share.

CarTrade Tech Limited is proposing to open its Initial Public Offering (IPO) of Equity Shares on August 9, 2021. The price band for the offer has been determined at Rs. 1,585 – Rs. 1,618 per Equity Share. The offer closes on August 11, 2021.

According to the company, it will be an offer for sale of up to 18,532,216 Equity Shares by the Selling Shareholders, namely CMDB II, Highdell Investment Ltd, Macritchie Investments Pte. Ltd, Springfield Venture International, Bina Vinod Sanghi (jointly held with Vinay Vinod Sanghi), Daniel Edward Neary, Shree Krishna Trust, Victor Anthony Perry III, Vinay Vinod Sanghi (jointly held with Seena Vinay Sanghi). The Company will not receive any proceeds from the offer.

CarTrade Tech is a multi-channel auto platform with brands such as CarWale, BikeWale, CarTrade, Shriram Automall, CarTrade Exchange, Adroit Auto and Auto Biz.

Source: Read Full Article