APN News

  • Thursday, February, 2023| Today's Market | Current Time: 08:11:36
  • Chennai: CarTrade Tech, a multi-channel auto platform via its several integrated brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and Auto Biz, received bids of 53,00,406 shares against the offered 1,29,72,552 equity shares, as per the 5:00 pm data available on the bourses.

    The portion reserved for retail investors was subscribed 0.80 times. While the Qualified Institutional Buyer category was subscribed 0.01 times, the Non-Institutional Investor category was subscribed 0.03 times and the overall Issue was subscribed 0.41 times.

    The Offer will be an offer for sale of up to 18,532,216 Equity Shares (“Offer for Sale”) by the Selling Shareholders.

    The Company raised Rs. 899.55 crores through the Anchor Book. Nomura, HSBC Global, Goldman Sachs, Jupiter India Fund, Elara India Opportunities Fund, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, Bharti Axa Life Insurance Company, Axis Mutual Fund (MF), HDFC MF, Kotak MF and Sundaram MF are some of the names amongst the anchor investors.

    Axis Capital Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited and Nomura Financial Advisory and Securities (India) Private Limited are the appointed lead manager to the Offer.


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