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CarTrade is a multi-channel auto platform that provides coverage and presence across vehicle types and value-added services. Its platforms are known by a variety of names, including CarWale, CarTrade, Adroit Auto and AutoBiz, Shriram Automall, BikeWale, and CarTrade Exchange.
The company’s platforms support new and used automobile clients, vehicle dealerships, vehicle OEMs, and other businesses to buy and sell vehicles in a straightforward and efficient manner. Its consumer platforms, CarWale, CarTrade, and BikeWale, had an average of 27.11 million unique visits per month in the three months ended 30 June 2021, with 88.14 percent being organic visitors.
| Subscription Dates | 9 -11 August 2021 |
| Price Band | INR1,585 – 1,618 per share |
| Fresh issue | Nil |
| Offer For Sale | 18,532,216 shares (INR2,937.36 – 2,998.51 crore) |
| Total IPO size | 18,532,216 shares (INR2,937.36 – 2,998.51 crore) |
| Minimum bid (lot size) | 9 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
FY2019 | FY2020 | FY2021 | |
Revenue | 266.8 | 318.4 | 281.5 |
Expenses | 231.4 | 279.5 | 234.5 |
Net income | 25.7 | 31.6 | 101.6 |
Margin (%) | 9.6 | 9.9 | 36.1 |
Earnings Per Share (EPS): INR19.19
Price/Earnings (PE ratio): 82.60 – 84.31
Return on Net Worth (RONW): 5.43%
Net Asset Value (NAV): INR392.83 per share
Date | CarTrade IPO GMP | Kostak | Subject to Sauda |
19 August 2021 | INR120 | – | – |
18 August 2021 | INR150 | – | – |
17 August 2021 | INR180 | – | – |
16 August 2021 | INR250 | – | – |
14 August 2021 | INR210 | – | – |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
CarTrade Tech Limited | Aug 20, 2021 | 1618 | 1500.1 | -7.29 |
NSE : CARTRADE
BSE : 543333
ISIN CODE : INE290S01011
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SMC Global – 1.5/5
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IPO Opening Date: 9 August 2021
IPO Closing Date: 11 August 2021
Finalisation of Basis of Allotment: 17 August 2021
Initiation of refunds: 18 August 2021
Transfer of shares to demat accounts: 20 August 2021
Listing Date: 20 August 2021
Opening Price on NSE: INR1,599.8 per share (up 1.12% from IPO price)
Closing Price on NSE: INR1,501.05 per share (down 7.23% from IPO price)
CarTrade Tech Limited
12th Floor, Vishwaroop IT Park,
Sector 30A, Vashi, Navi
Mumbai 400 705
Phone: +91 22 6739 8888
Email: investor@cartrade.com
Website: www.cartradetech.com
Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: cartrade.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 37,06,443 | 0.01 | 0.59 | 35.45 |
NII | 27,79,833 | 0.03 | 0.27 | 41.00 |
Retail | 64,86,276 | 0.80 | 1.53 | 2.74 |
Total | 1,29,72,552 | 0.41 | 0.99 | 20.29 |
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 initial public offering (IPO) begins on Aug 9, 2021, and ends on Aug 11, 2021..The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
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.
CarTrade Tech IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The 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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