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Indian auto classifieds firm CarTrade to soon file for $266m IPO


Indian auto classifieds firm CarTrade to soon file for $266m IPO
India Gate. Photo: Abhidev Vaishnav/unsplash
May 2, 2021
Auto classifieds company CarTrade is planning to file the draft red herring prospectus (DRHP) for its initial public offering (IPO) in the next 10-15 days, two people aware of the development said.
“They are ready to file DRHP. Final touches are being put on the document. It should happen in the next 10-15 days. This will be the first online auto classifieds company to go public in India,” the first person cited above said, requesting anonymity as he is not authorized to speak with the media. ....

United States , Vinay Sanghi , Warburg Pincus , Shriram Automall , Jp Morgan , Shriram Automall India Ltd , Axis Capital , Kotak Mahindra Capital , March Capital , ஒன்றுபட்டது மாநிலங்களில் , வினய் சங்கி , வார்பர்க் பிங்கஸ் , ஸ்ரீராம் தானியங்கு , ஜ்ப் மோர்கன் , ஸ்ரீராம் தானியங்கு இந்தியா லிமிடெட் , அச்சு மூலதனம் , கோட்டக் மஹிந்திரா மூலதனம் , அணிவகுப்பு மூலதனம் ,

IPO bells: CarTrade plans to go public, raise Rs 2000 crore: Report


Highlights
The company was founded in 2010 by Vinay Sanghi.
CarTrade runs an online auto classifieds platform that helps customers buy new or old cars.
CarTrade is reportedly planning to file the draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) within the next 10-15 days to go public. The company is gearing up for an initial public offering (IPO) in the coming weeks, according to a report by Mint.
 
The auto classifieds company is reportedly looking to bag around Rs 2000 crore with its IPO. The company is being advised by investment banks such as Citi, Nomura, Axis Capital and Kotak Mahindra Capital on the IPO. ....

United States , Vinay Sanghi , Warburg Pincus , Jp Morgan , Shriram Automall India Ltd , Securities Exchange Board Of India , Securities Exchange Board , Axis Capital , Kotak Mahindra Capital , March Capital , Besides Cartrade , ஒன்றுபட்டது மாநிலங்களில் , வினய் சங்கி , வார்பர்க் பிங்கஸ் , ஜ்ப் மோர்கன் , ஸ்ரீராம் தானியங்கு இந்தியா லிமிடெட் , பத்திரங்கள் பரிமாற்றம் பலகை ஆஃப் இந்தியா , பத்திரங்கள் பரிமாற்றம் பலகை , அச்சு மூலதனம் , கோட்டக் மஹிந்திரா மூலதனம் , அணிவகுப்பு மூலதனம் ,

Shriram Automall generates over ₹3,000-cr pre-owned vehicle biz in FY21


April 06, 2021
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Shriram Automall India Ltd (SAMIL), a platform for pre-owned vehicles and equipment, said it generated business worth more than ₹3,000 crore and transacted over 1,60,000 pre-owned vehicles and equipment during 2020-21.
SAMIL conducted more than 4,000 physical events and over 25,000 online events across its various platforms during FY21 for selling and buying pre-owned vehicles and equipment, according to a statement.
SAMIL has been seeing very strong recovery trends in demand of used vehicles and equipment and price realisation is also getting better, especially towards the end of Q4.
Over 130 crore transactions were done in a single day during its 10th business anniversary celebration in February. ....

Sameer Malhotra , Shriram Automall India Ltd , Mysamil Mobile , அதே மல்ஹோத்ரா , ஸ்ரீராம் தானியங்கு இந்தியா லிமிடெட் ,