Can you share with me the final details of the CarTrade IPO?
Answer
Answer
The Rs.3,000 crore CarTrade Tech IPO opens for subscription on Monday 09-Aug and closes on 11-Aug. CarTrade is a multi-channel platform for clients to analyse, evaluate and compare before buying and selling new and used cars. The IPO will completely be an offer for sale of 1.235 crore shares.
The price band has been fixed in the range of Rs.1,585-1,618 per share. CarTrade has reserved 75% for QIBs and 10% for retail. CarTrade was founded in 2009 as an agnostic auto platform by Vinay Sanghi, former CEO of Mahindra First Choice.