Amit Jain-led CarDekho parent eyes up to Rs 15,000 crore valuation in proposed IPO

Girnar Software, parent of CarDekho, is preparing to file draft papers for an IPO in the July-September quarter.

The proposed IPO targets a valuation of Rs 13,000 crore to Rs 15,000 crore with an issue size of Rs 3,000 crore to Rs 3,500 crore.

The offering will largely comprise an offer for sale by existing shareholders, including Peak XV Partners, Hillhouse Capital, and CapitalG.

The IPO will cover Girnar Software's automotive-classifieds, financing, and mobility operations like CarDekho, Rupyy, and Revv.

InsuranceDekho, incubated within CarDekho Group, will pursue a separate stock-market listing by March 2027 following its merger with RenewBuy.