India’s used car market is set to surpass 6 million sales this fiscal, driven by value-conscious buyers, digital adoption, and easier financing, says Crisil Ratings. The used-to-new car sales ratio has risen to 1.4 from below 1 five years ago, with volumes growing over twice as fast as new car sales.
With increasing demand in the automotive industry, CarDekho finds itself suitably positioned in this sector. CarDekho, a leading online automotive marketplace that caters to buyers and sellers of new or used cars, is now set to launch its IPO.
Note: Half of the CarDekho IPO shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.
Check the complete company profile of Cardekho here:
Understanding the background of its founders can help understand the company’s vision. Let’s check the founders’ experience.
The CarDekho IPO date is unknown. However, multiple sources expect its IPO size to be ₹4,000 Crores. However, the CarDekho IPO price is undisclosed.
IIFL, Axis Capital, Goldman Sachs and Nomura have been chosen as the book-leading managers for its IPO. The IPO is expected to be a mix of fresh issue and offer-for-sale.
CarDekho has successfully raised $561.1 M over 11 funding rounds. The following table lists key details of recent funding rounds.
Here are the strengths and risks of the CarDekho IPO.
Strengths
Driven by consistently improving technology.
User-friendly interface for customers.
Leading online marketplace for used and new cars.
Risks
Ongoing losses make the company vulnerable.
Heavy reliance on technology
Intense competition
CarDekho is expected to open its IPO for subscription soon. This blog could serve as a starting point for investors to assess the scope of this IPO.
Click here to apply for this IPO once open!
1. How is the CarDekho IPO price?
CarDekho IPO price is yet to be determined. The price is dependent on several factors such as the company’s past performance, peers, growth potential, etc. Therefore, it is determined closer to the open date of the IPO.
2. What is the CarDekho IPO date?
The CarDekho IPO date is yet to be announced. The company has still not filed its DRHP with SEBI.
3. What is the latest CarDekho IPO news?
The latest CarDekho IPO news suggests that the company has plans to go public by 2025, with an expected ipo size of ₹4,000 Crores.
4. What are the CarDekho IPO details?
CarDekho IPO is anticipated to open in 2025. The IPO size is expected to be ₹4,000 Crores. The IPO price band and lot size are undecided. The IPO is expected to be a mix of fresh issue and offer-for-sale.
5. Should I get the Demat account to bid for the CarDekho IPO?
Yes, you must have a Demat account with the best broker to apply for the CarDekho IPO. It’s compulsory since shares are allotted in electronic form only. Without it, you cannot get live subscription updates for any IPO.
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