This quarter, CarDekho will file a DRHP for a ₹3,500 Cr IPO.

CarDekho, one of India's leading online automobile platforms, is preparing to take a major step toward becoming a publicly listed company. The company is expected to file its Draft Red Herring Prospectus (DRHP) this quarter for an Initial Public Offering (IPO) worth around ₹3,500 crore. Filing the DRHP is the first official step in the IPO process. The document is submitted to the Securities and Exchange Board of India (SEBI) and contains important details about the company, including its business operations, financial performance, risks, management, and how it plans to use the money raised through the IPO. After SEBI reviews and approves the document, the company can move forward with launching its IPO for public investors.CarDekho was founded in 2008 by Amit Jain and Anurag Jain. Over the years, it has grown into one of India's most trusted digital platforms for buying and selling new and used cars, comparing vehicle prices, reading reviews, and applying for car loans and insurance. The company has also expanded its business into other areas such as used vehicle financing, insurance services, and automobile retail technology. Through its digital-first approach, CarDekho has built a strong customer base across India and has also expanded its presence in several international markets.

The proposed ₹3,500 crore IPO is expected to include a combination of fresh shares issued by the company and an offer for sale by some existing investors. The money raised through the fresh issue may be used to strengthen the company's technology, expand its business operations, repay certain debts, and support future growth plans. Existing investors may use the offer for sale portion to sell part of their holdings. The exact size of each component and other details will become clear after the DRHP is officially filed with SEBI.The IPO comes at a time when India's automobile market is growing rapidly, supported by rising demand for both new and used vehicles. More customers are now using online platforms to research, compare, finance, insure, and purchase vehicles. CarDekho has benefited from this trend by offering multiple services on a single platform, making the vehicle buying process easier and more convenient. The company also uses technology and data analytics to improve customer experience and help dealers and financial partners make better business decisions.