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Who should invest in CarTrade IPO? Know with Anil Singhvi whether the company’s stock is cheap or expensive

CarTrade IPO: The IPO of online auto classifieds platform CarTrade Tech is opening today on Monday, August 9. The company has made a plan to…

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Policybazaar IPO will open for subscription on November 1, know how much the price band of the issue has been decided

CarTrade IPO: The IPO of online auto classifieds platform CarTrade Tech is opening today on Monday, August 9. The company has made a plan to raise Rs 2999 crore from the IPO. CarTrade Tech has kept the price band for the IPO at Rs 1585-1618. This IPO will be purely based on Offer for Sale (OFS). One can invest in this IPO till August 11. Zee Business Managing Editor Anil Singhvi has given his opinion on whether money should be invested in the issue of this new age business company. Know whether the price band for this issue is cheap or expensive in terms of valuation.

The market is liking the new business model

Anil Singhvi says that the business of CarTrade IPO Tech is of a new age, which is being liked by the market. Foreign investors have always liked companies with new business models. However, domestic investors are still understanding this type of business. Nevertheless, there is a significant number of investors who prefer this type of business model. The most important thing is that it is the only company in this space which is making a profit. The company is in profit. There is no shortage of cash. Therefore, if there is an ability to take risks, then you can invest money for listing gains in it. Risk means that the risk should be known about the business model.

What’s negative with the company

Anil Singhvi says that the negative is that this IPO is completely based on an offer for sale. That is, the existing investors are exiting by selling their stake. This may come to the notice of investors. Second, there is a lot of competition in this space due to the lack of entry barrier. The valuation of the third share is not cheap.

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Totally Offer For Sale

This IPO will be purely offered for sale based. There will be the sale of 18,532,216 equity shares in the OFS. In this IPO 22.64 lakh shares will be sold by CMDB II, 84.09 lakh shares by Highdell Investment Ltd, 50.76 lakh shares by Macritchie Investments Pte Ltd, and 17.65 lakh shares by Springfield Venture International.

In the IPO, 50 percent is reserved for Qualified Institution Buyers (QIBs), 35 percent for non-institution investors, and 15 percent for retail investors. Warburg Pincus, Temasek, JP Morgan, and March Capital have investments in the company.

company’s business

Customers can buy and sell used or new cars through the CarTrade platform. Cartrade has a multichannel auto platform that covers all types of vehicles and value-added services. This platform includes CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and AutoBiz. Through these, 32 million consumers visit the company’s platform every month.

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Axis Capital, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India) Private Limited are the investment bankers for the IPO.

Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.

Net Worth

Karl-Erivan Haub Net Worth 2024: How Much is the Former Managing Director of the Tengelmann Group Worth?

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Karl-Erivan Haub Net Worth 2024: How Much is the British musician and bassist Worth?

Who is Karl-Erivan Haub?

Karl-Erivan Haub, a prominent figure in the German retail industry, was born into the influential Haub family on September 29, 1932, in Wiesbaden, Germany. He was the son of Erich Haub and Elizabeth Haub (née Schmitz-Scholl), belonging to the esteemed Mülheim family Schmitz-Scholl, renowned founders of the Tengelmann grocery chain.

Karl-Erivan Haub Career

Haub’s career trajectory was marked by his dedication to the Tengelmann Group, one of Germany’s largest retail entities. After completing internships in the United States and obtaining a degree in economics from the University of Hamburg, Haub joined the family business in 1963. He ascended to the position of managing director in 1969, steering the company’s strategic direction towards retail trade expansion. Notable milestones include the acquisition of The Great Atlantic & Pacific Tea Company in 1979, which cemented Tengelmann’s international presence.

Karl-Erivan Haub Net Worth

At the time of his passing in March 2018, Karl-Erivan Haub left behind a significant net worth of $6.4 billion. However, recent developments have sparked intrigue, with reports surfacing of his alleged reappearance in Moscow after being declared legally dead in 2021. The circumstances surrounding his net worth remain uncertain amidst this perplexing saga.

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Karl-Erivan Haub Age

Born on September 29, 1932, Haub would have been 91 years old in 2024 if he had not been declared legally deceased in 2021.

Karl-Erivan Haub Family: Wife and Children

Haub was married to Helga Otto in 1958, and together they had three sons: Karl-Erivan, Georg, and Christian W.E. Haub. His dedication to family and philanthropy underscored his personal and professional endeavors, leaving a lasting legacy beyond the business realm.

Karl-Erivan Haub Height and Weight

Details regarding Karl-Erivan Haub’s height and weight are not readily available.

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Net Worth

Suge Knight Net Worth 2024: How Much is the Co-founder and Former CEO of Death Row Records Worth?

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Suge Knight Net Worth 2024: How Much is the Co-founder and Former CEO of Death Row Records Worth?

Who is Suge Knight?

Suge Knight, born Marion Hugh Knight Jr. on April 19, 1965, in Compton, California, emerged as a pivotal figure in the music industry as the co-founder of Death Row Records. Despite his upbringing in a challenging environment and his brief stint as an NFL replacement player for the Los Angeles Rams, Knight’s true legacy lies in his influential role in shaping West Coast rap culture.

Suge Knight Career

Knight’s journey began as a concert promoter and celebrity bodyguard in the late 1980s before he ventured into music publishing. His pivotal moment arrived when he co-founded Death Row Records in 1991 alongside Dr. Dre, The D.O.C., and a silent partner. Under Knight’s guidance, Death Row Records became synonymous with gangsta rap and launched the careers of iconic artists such as Tupac Shakur and Snoop Dogg.

Suge Knight’s Net Worth

Despite his significant contributions to the music industry, Suge Knight’s net worth has experienced a significant decline over the years. As of 2024, his estimated net worth stands at $210,000, a stark contrast to his once-mighty empire.

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Suge Knight Age

At the age of 59, Suge Knight’s journey reflects a tumultuous blend of success and controversy. Born on April 19, 1965, Knight’s impact on hip-hop culture transcends generations, leaving an indelible mark on the industry despite his legal battles and personal challenges.

Suge Knight Family: Wife and Children

Knight’s personal life has been as turbulent as his professional career. He has been married multiple times, including to R&B singer Michelle, with whom he shares a daughter named Bailey. Knight’s family life has been marred by legal disputes and controversies, reflecting the complexities of his persona.

Suge Knight Height and Weight

Standing tall at 6 feet 2 inches and weighing approximately 120 kg (265 lbs), Suge Knight’s physical presence mirrors his commanding influence in the music industry. His imposing stature, coupled with his robust build, symbolizes the power and authority he wielded during his heyday.

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Jeff Bezos Lookalike Cagdas Halicilar Enjoys Lavish Lifestyle By Impersonating The Billionaire 

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Jeff Bezos Lookalike Cagdas Halicilar Enjoys Lavish Lifestyle By Impersonating The Billionaire 

A 46-year-old German man, Cagdas Halicilar, is currently the talk of the town as he has emerged on the internet as Jeff Bezos’ lookalike. 

Thus, Cagdas Halicilar has transformed his profession into a professional Jeff Bezos doppleganger from an electrician. 

The 46-year-old reveals that now he lives an opulent lifestyle as an entrepreneur. 

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Cagdas Halicilar was often told by his family and friends that his looks were similar to those of a billionaire. However, only when he saw Jeff Bezos’ picture, did he understand what people around him meant. 

The New York Post reported that Halicilar dreamed of becoming a successful business executive. With him founding CB Transporte, a transport company, he lived his dream. 

After accepting his resemblance to Jeff Bezos, Cagdas Halicilar enrolled himself at a doppelgänger agency. 

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Cagdas Halicilar Gained Popularity by Being Jeff Bezos’ Lookalike

Most of the time, he dressed up in casual attire which made him look more like a billionaire, as Jeff Bezos also dressed up casually. 

Halicilar added, “It doesn’t matter whether I’m wearing a suit or wearing jeans and a polo shirt.”

He added how it requires a bit of effort to maintain his appearance like a billionaire. He shaves his head and applies Nivea cream regularly. The German doppleganger added that he has been doing the same for more than ten years now. 

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The 46-year-old has gained a lot of popularity and recognition over the years for his work as Jeff Bezos’s doppelgänger. His spouse complained that people often stopped him and asked for selfies on the street. 

In the “King of Stonks,” the German Netflix miniseries, he also had a guest spot. 

When in Seattle once, Cagdas Halicilar strolled through the Amazon campus. Surprisingly, Amazon employees thought that he was Jeff Bezos, reported TimesNow.

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He said,

“All the Amazon employees came to me, wanted selfies and thanked me for being proud to work at Amazon.” 

Furthermore, he added,

“My wish is to drink a whiskey with Jeff Bezos on his yacht. He is just as much of a yacht fanatic as I am.”

Also Read: Twitch Streamer Maya Higa Opens Up About Horrific Stalker Incident During Recent Livestream

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