CarDekho IPO
CarDekho IPO is an upcoming public issue of Girnar Software, the parent company of the CarDekho Group. The company has been reported to be preparing for an IPO, but the DRHP, final issue size, price band, lot size and IPO dates have not yet been officiall
CarDekho IPO Details
CarDekho IPO refers to the proposed public issue of Girnar Software, the parent company behind the CarDekho Group. The company has been reported to be preparing for an IPO and has taken corporate steps associated with a potential public listing. However, as of September 28, 2026, the company has not publicly filed a DRHP with SEBI. Therefore, the final issue structure, price band, lot size, IPO dates and listing details are not available in official offer documents.
CarDekho IPO Timeline (Tentative)
CarDekho IPO bidding dates, basis of allotment, refund, credit to Demat and listing dates have not yet been announced. The company has not yet publicly filed a DRHP with SEBI, and the official IPO schedule will be available only after the relevant offer documents are filed and the issue process progresses.
| Event | Tentative Date |
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| IPO Opens | |
| IPO Closes | |
| Basis of Allotment | |
| Refund Initiation | |
| Credit of Shares to Demat | |
| Listing Date |
CarDekho IPO Lot Size
The CarDekho IPO lot size and minimum investment amount have not yet been announced. These details will be disclosed after the company files its offer documents and announces the IPO price band.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) |
CarDekho IPO Subscription
CarDekho IPO subscription details will be available once the public issue opens for bidding. No official category-wise subscription figures are available at present.
| Category | Subscription (times) |
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| QIB | |
| NII | |
| RII | |
| Total |
About CarDekho
CarDekho is the flagship automotive platform of Girnar Software and is part of the wider CarDekho Group. The platform provides consumers with information and tools for researching, comparing, buying and selling vehicles. Its online ecosystem covers new cars, used cars, vehicle comparisons, reviews, specifications, prices and related automotive services.
The group has expanded beyond its original car-search business into a broader automotive and mobility ecosystem. Its businesses and platforms include CarDekho, BikeDekho, ZigWheels, used-car services, vehicle financing, insurance and mobility-related businesses. The group also operates technology-enabled tools for automobile manufacturers, dealerships and other participants in the automotive ecosystem.
CarDekho's business model connects consumers with automobile manufacturers, dealers and service providers through digital platforms. The company provides automotive content, lead-generation services, dealer technology solutions, digital marketing services and transaction-related services. Its wider ecosystem also includes insurance and financing offerings through businesses associated with the group.
CarDekho was launched in 2008 by brothers Amit Jain and Anurag Jain after they identified a need for better automotive information and comparison tools for Indian consumers. The company has subsequently expanded through new businesses, acquisitions and investments. The official company website states that its ecosystem serves consumers, car manufacturers, dealers and related businesses and has also expanded internationally through platforms in Southeast Asia and the UAE.
Strengths
- Established automotive digital platform with a broad consumer-facing brand presence.
- Diversified ecosystem covering new cars, used cars, two-wheelers, commercial vehicles, financing, insurance and mobility-related services.
- Technology-enabled platform connecting consumers, manufacturers, dealerships and financial institutions.
- Multiple revenue opportunities across advertising, lead generation, transaction-related services and financial services.
- Long operating history since the launch of CarDekho in 2008.
- Presence beyond India through selected international automotive platforms.
Risks to Consider
- The group operates across highly competitive automotive technology, marketplace and financial-services segments.
- Automobile demand and transaction volumes can be affected by broader economic conditions and changes in consumer spending.
- The business has historically incurred losses at the consolidated group level while continuing to invest in expansion and technology.
- Financial-services businesses such as insurance and lending are subject to regulatory requirements and operating risks.
- Competition from other automotive marketplaces, used-car platforms and digital financial-services businesses may affect growth and margins.
- The final IPO structure and valuation are not yet available, making it difficult to assess the proposed public issue at this stage.
CarDekho Financials (₹ Cr)
CarDekho Group's latest reported financial information available publicly indicates continued growth in consolidated operating revenue, while the group has also continued investing in its businesses. However, because the company has not yet filed a DRHP, the IPO-specific financial tables required for the offer document are not yet available. The official CarDekho investor page currently provides company filings and returns, including Girnar Software filings for FY2024-25.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2022 | ||||
| FY2023 | ||||
| FY2024 | ||||
| FY2025 |
KPIs & Valuation
CarDekho's IPO-specific EPS, NAV, RoNW, ROE, ROCE, EBITDA margin, PAT margin and debt-to-equity figures have not yet been disclosed in an official DRHP. The Pre-IPO P/E and Post-IPO P/E also cannot be calculated because the final IPO price band and official IPO share structure have not been announced.
Promoters, Lead Managers & Registrar
Girnar Software is the parent company behind the CarDekho Group. The company was founded by Amit Jain and Anurag Jain. The final promoter structure, Book Running Lead Managers and Registrar to the Issue have not yet been officially disclosed in IPO offer documents. Current media reports have mentioned Axis Bank, IIFL, Goldman Sachs and Nomura in connection with the proposed IPO, but these appointments are not being treated as confirmed until disclosed by the company or in official offer documents.
Promoters
CarDekho IPO Review
CarDekho operates through Girnar Software and has developed from an automotive information and comparison platform into a broader digital automotive ecosystem. The group covers vehicle discovery, new and used vehicle services, dealer solutions, financial services and mobility-related businesses.
The company's official website describes an ecosystem connecting consumers, car manufacturers, dealers and related businesses. CarDekho has also expanded its platform portfolio through brands and businesses covering two-wheelers, commercial vehicles, insurance, financing and mobility services.
The group has previously reported substantial growth in its operating revenue. CarDekho stated that consolidated revenue from operations reached ₹1,598 crore in FY2022, compared with ₹884 crore in FY2021, representing growth of 81%. The company also stated at that time that it was evaluating a future public listing subject to approvals and market conditions.
Current reports indicate that Girnar Software is preparing for a potential IPO, with reports discussing an issue in the ₹3,000–3,500 crore range. These figures remain reported expectations rather than officially disclosed IPO terms because a DRHP has not yet been publicly filed. The final price band, valuation, issue structure and IPO dates should therefore be assessed only after official offer documents become available.
How to Apply
CarDekho IPO applications can be made through ASBA or UPI once the issue opens for subscription. The IPO price band, bidding dates and lot size have not yet been announced.
Through UPI
- Log in to your stockbroker app/website.
- Go to the IPO section.
- Select CarDekho IPO once the issue opens.
- Enter the number of lots you want to apply for.
- Select the bid price.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
CarDekho has not yet publicly filed a DRHP with SEBI for the proposed IPO. Investors can refer to the company's official investor page for available corporate filings and shareholder documents. The DRHP, RHP and other IPO-specific offer documents will be added after they are officially filed and made available.
Last updated Sep 28, 2026.