CarTrade files IPO papers with Sebi
image for illustrative purpose
New Delhi Online auto classified platform CarTrade tech has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (Sebi) to raise funds through an initial share-sale. The initial public offer (IPO) will be entirely an offer for sale (OFS) of 12,354,811 equity shares, draft red herring prospectus (DRHP) filed with Sebi showed on Monday.
Among the investors participating in the OFS are CMDB II (16.07 lakh equity shares), Highdell Investment Ltd (53.79 lakh shares), Macritchie Investments Pte Ltd (35.68 lakh shares), Springfield Venture International (11.24 lakh shares) and Bina Vinod Sanghi (1.83 lakh shares).
Currently, CMDB II holds 11.93 per cent stake in CarTrade, Highdell Investment owns 34.44 per cent stake, MacRitche Investment has 26.48 per cent shareholding and Springfield Venture International holds 7.09 per cent stake in the company.
