CarTrade IPO to open between August 9-11, to raise about Rs 3,000 crore

Offer priced at Rs 1,585-1,618 per share. With no fresh issue, IPO is a complete offer for sale

CarTrade Tech, a multi-channel auto marketplace, will raise around Rs 3,000 crore via an initial public offering (IPO). The offer will be open on August 9 and close on August 11.

The offer is priced at Rs 1,585-1,618 per equity share. With no fresh issue, the company’s IPO is a complete offer for sale of 12,354,811 equity shares by investors and other selling shareholders. The company will not receive any funds from this IPO.

“We are a profitable company. Our cash and cash equivalents are pretty significant. We have enough for all the investments and acquisitions, we may plan in