CarTrade

Incorporated in 2000, CarTrade Tech Ltd is a multi-channel auto platform provider company. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company offers a variety of solutions across automotive transactions for buying, selling, marketing, financing, and other activities.

Competitive Strengths

  • A leading platform for Automotive Sales with a Synergistic Ecosystem.
  • Operate various brands i.e. CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, AutoBiz, etc.
  • A comprehensive range of services i.e. automotive buying, selling, financing, marketing, etc.
  • Profitable and scalable business model.

Company Promoters:

CarTrade Tech is a professionally managed company with no identifiable promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 19,301.99 14,704.06 14,270.94
Total Revenue 2,815.23 3,184.45 2,668.05
Profit After Tax 1,010.74 312.94 259.17

Objects of the Issue:

The company aims to utilizes the net proceed towards the following objectives;

  • To carry out an offer for sale.
  • To achieve the benefits of listing the Equity Shares on the stock exchanges.
IPO Opening Date Aug 9, 2021
IPO Closing Date Aug 11, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹1585 to ₹1618 per equity share
Market Lot 9 Shares
Min Order Quantity 9 Shares
Listing At BSE, NSE
Issue Size18,532,216 Eq Shares of ₹10
(aggregating up to ₹2,998.51 Cr)
Offer for Sale18,532,216 Eq Shares of ₹10
(aggregating up to ₹2,998.51 Cr)

CarTrade Tech IPO Tentative Timetable

The CarTrade Tech IPO open date is Aug 9, 2021, and the close date is Aug 11, 2021. The issue may list on Aug 20, 2021.

IPO Open Date Aug 9, 2021
IPO Close Date Aug 11, 2021
Basis of Allotment Date Aug 17, 2021
Initiation of Refunds Aug 18, 2021
Credit of Shares to Demat Account Aug 20, 2021
IPO Listing Date Aug 20, 2021

CarTrade Tech IPO Lot Size

The CarTrade Tech IPO market lot size is 9 shares. A retail-individual investor can apply for up to 13 lots (117 shares or ₹189,306).

Application Lots Shares Amount (Cut-off)
Minimum 1 9 ₹14,562
Maximum 13 117 ₹189,306

CarTrade Tech IPO Subscription Status (Bidding Detail)

The CarTrade Tech IPO is subscribed 20.29x times on Aug 11, 2021 17:01. The public issue subscribed 2.75x in the retail category, 35.45x in the QIB category, and 41.00x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

35.45x

NII

41.00x

RII

2.75x

Total

20.29x

* Application wise IPO Subscription in Retail: 2

Rating:Rated

Listing Date Friday, August 20, 2021
BSE Script Code 543333
NSE Symbol CARTRADE
Listing In B Group of Securities
ISIN INE290S01011
IPO Price ₹1618 per equity share
Face Value ₹10 per equity share
.
IPO Price
Open
Low
High
Last Trade
BSE
₹1,618.00
₹1,600.00
₹1,476.00
₹1,610.00
₹1,500.10
NSE
₹1,618.00
₹1,599.80
₹1,475.00
₹1,618.00
₹1,501.05

CarTrade Tech Limited
12th Floor, Vishwaroop IT Park, Sector 30A
Vashi, Navi Mumbai 400 705, Maharashtra, India

Phone: +91 22 6739 8888
Email: investor@cartrade.com
Website: http://www.cartradetech.com/

CarTrade Tech IPO FAQs

CarTrade Tech IPO is a main-board IPO of 18,532,216 equity shares of the face value of ₹10 aggregating up to ₹2,998.51 Crores. The issue is priced at ₹1585 to ₹1618 per equity share. The minimum order quantity is 9 Shares.

The IPO opens on Aug 9, 2021, and closes on Aug 11, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in CarTrade Tech IPO using UPI as a payment gateway. Zerodha customers can apply in CarTrade Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in CarTrade Tech IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the CarTrade Tech IPO row and click the Bid button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The CarTrade Tech IPO opens on Aug 9, 2021 and closes on Aug 11, 2021.

CarTrade Tech IPO lot size is 9 Shares and the minimum order quantity is 9 Shares.

You can apply in CarTrade Tech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who dont offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for CarTrade Tech IPO will be done on Aug 17, 2021, and the allotted shares will be credited to your demat account by Aug 20, 2021. Check the CarTrade Tech IPO allotment status.

The CarTrade Tech IPO listing date is on Friday, August 20, 2021.

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