Used-car dealer plans ₹3,000 crore IPO listing by 2027

The used-car trading company has submitted a draft red herring prospectus to SEBI as it prepares for a market debut, with listing targeted for 2027. The move comes after the firm's parent company was recently converted into a public limited entity, clearing the path for the IPO process.

The capital raise is expected to support the company's expansion plans in India's rapidly growing pre-owned vehicle segment, which has witnessed increased consumer interest and market consolidation in recent years. The offering has already attracted attention from high-profile investors, signalling strong confidence in the company's business model and growth trajectory.

With the formal listing still some years away, investor focus remains on the company's operational performance and market positioning as it navigates the regulatory approval process. The IPO would add another significant player to India's growing roster of publicly-traded automotive and mobility-sector companies.

The pre-owned car market in India has experienced substantial growth, driven by changing consumer preferences, improved availability of certified vehicles, and growing financing options. The sector has also seen increased participation from organised players looking to capture market share from the fragmented dealer ecosystem.