CarDekho To File Confidential DRHP For ₹3,500 Cr IPO This Quarter
Auto classifieds unicorn CarDekho plans to file its DRHP in Q2 FY26 for a ₹3,000-3,500 Cr IPO at a ₹13,000-15,000 Cr valuation, largely via OFS. The offer spans classifieds, lending (Rupyy) and mobility. FY25 revenue rose 24% to ₹2,795 Cr with a narrowed net loss of ₹266 Cr.
What happened
Auto classifieds unicorn CarDekho plans to file confidential DRHP this quarter for a ₹3,000-3,500 Cr IPO at ₹13,000-15,000 Cr valuation, largely via OFS,
Key facts
- ₹3,000-3,500 Cr IPO
- ₹13,000-15,000 Cr valuation
- ₹9,000 Cr prior valuation
- FY25 revenue ₹2,795 Cr (+24% YoY)
- FY25 net loss ₹266 Cr
- $750 Mn total funding
Why this matters
A confidential DRHP this quarter signals CarDekho's near-term public-market exit path, reshaping M&A and partnership dynamics across auto classifieds, fintech lending, and mobility.
What to watch
- SEBI DRHP acknowledgment and observation letter timing
- New-age tech IPO market sentiment (recent listing performance)
- RBI digital lending regulatory actions affecting Rupyy
- Path-to-profitability guidance in DRHP
- Grey market premium and anchor book demand
- Watch for banker mandates (I-bank syndicate) and anchor investor soundings
- Track FY25/H1FY26 audited financials to confirm loss narrowing trajectory
- Segment-level disclosure: classifieds vs Rupyy lending vs mobility contribution
- Peer read-through to CarTrade, Droom, and used-car platforms on valuation multiples
- OFS composition to gauge existing investor exit pressure vs primary raise