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News Details

03/08/2021 10:30

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CarTrade Tech announces launch of initial public offering

CarTrade Tech Ltd. has announced public offering of 18532216 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 1,608.00 per share. The gross proceeds of the issue are expected to be Rs 2,99,851.25 lakhs.

The company's initial public offer (IPO) will open on 09 August 2021 and is expected to close on 11 August 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 1,585.00-1,618.00 per share.

The IPO includes a fresh Issue of 18532216 Equity Shares of the Company at an price of Rs 1,618.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 9 shares with bids in multiples of 9.

CarTrade Tech Ltd. anticipates using the proceeds of the issue for .

Kotak Mahindra Capital Company Ltd.,Axis Capital Ltd,Citigroup Global Markets India Private Limited,Nomura Financial Advisory & Securities (I) P Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.