CarTrade Tech IPO to open on August 9; price band fixed at Rs 1,585-1,618

New Delhi: The initial public offering (IPO) of CarTrade Tech will open for subscription on August 9. The price band for the same has been fixed at Rs 1,585-1,618 per share with a face value of Rs 10 each.

Mumbai-based CarTrade Tech is a multichannel auto platform with coverage and presence across vehicle types and value-added services. Its platforms operate under several brands like CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz.