Online automobile platform CarDekho is preparing to file its draft IPO papers for a proposed public issue of around Rs. 3,000 crore. The offering is expected to include both a fresh issue of shares and an offer for sale by existing investors, making it one of the closely watched technology IPOs in the pipeline.
The company has strengthened its presence in online automobile retail, financing and insurance services over recent years. Market participants will closely watch the valuation, growth strategy and financial performance once the draft documents are filed.
