InvestorQ : When is the CarTrade IPO expected to hit the Indian new issues market?
Angel dcosta made post

When is the CarTrade IPO expected to hit the Indian new issues market?

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Juvina Maggie answered.
6 days ago
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CarTrade will be filing the DRHP with SEBI for its proposed IPO in next 15 days. So you can logically expect them to come out with an IPO in the next 2 to 3 months and the final dates are yet to be announced. CarTrade is an online auto classifieds company which offers a platform for people to buy and sell new as well as used cars.

As part of the IPO, CarTrade proposes to raise Rs.2,000 crore and the same is likely to be a combination of fresh issue of shares as well as an offer for sale or OFS. CarTrade is backed by formidable names like Warburg Pincus, Temasek of Singapore, JP Morgan and March Capital. Currently, CarTrade owns 51% in Shriram Automall.

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