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CarTrade IPO subscription opens on August 9

CarTrade Tech IPO will open for subscription on August 9. The company has fixed a price band of Rs 1,585-1,618 per share for its nearly Rs 2,999-crore IPO. The IPO subscription of CarTrade, an online auto classified platform, will conclude on August 11. 

CarTrade’s initial share sale will be entirely an offer for sale (OFS) of 18,532,216 equity shares. At the upper end of the price band, the IPO is expected to mobilise Rs 2,998.51 crore.

Cartrade claims that 32 million unique visitors came to the platform in the

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