CarTrade Tech, Nuvoco Vistas IPO opens today: Issue price, GMPs and other details you need to know

The three-day initial share-sale of CarTrade Tech and Nuvoco Vistas will open for public subscription on August 9 and conclude on August 11.

New Delhi: Nuvoco Vistas Corporation, part of the Nirma Group, and online auto classified platform CarTrade Tech are launching their initial share-sales on Monday. The three-day initial share-sale will open for public subscription on August 9 and conclude on August 11. Founded in 2009, CarTrade is backed by marquee investors -- Warburg Pincus, Temasek, JPMorgan and March Capital.The CarTrade platform allows customers to buy and sell used cars as well as new cars. Nuvoco Vistas is a cement manufacturer with a consolidated capacity of 22.32 MMTPA. It has 11 cement plants comprising five integrated units, five grinding units and one blending unit. It operates cement manufacturing units in Chhattisgarh, Jharkhand, West Bengal, Rajasthan and Haryana. The Online auto classified platform on Friday raised Rs 900 crore from anchor investors ahead of its initial public offering.