CarTrade Tech aka CarTrade IPO to hit the market on 09 August 2021 and closes on 11 August 2021. The company to raise ₹2998 crores via initial public offer the comprises offer for sale up to 18,532,216 Shares, face value of ₹10 each.
CarTrade IPO date is fixed, the IPO to open on 09 August 2021 and to close on 11 August 2021. It will clash with Nuvoco Vistas IPO. The company to raise the IPO worth ₹2998 crores. The IPO comprises no fresh issue but offer for sale up to 18,532,216 equity shares of existing share holders. The company was incorporated in 2002 based in Maharashtra. They are multi-channel automobile platform provider in India with well-known brands like CarWale, BikeWale, CarTrade, Shriram Automall, CarTradeExchange, AutoBiz and Adroit Auto. The platform connects to the buyer and seller of used and new vehicles at one place. They are providing solutions like buying, selling, marketing, finance and other automotive transactions. The company has been working since long in the auto market and they are one of the leading company in online buy and sell of used and new vehicles. Check out CarTrade IPO details.
CarTrade Tech Brands:
- CarWale
- BikeWale
- CarTrade
- Shriram Automall
- Adroit Auto
- CarTradeExchange
- AutoBiz
Important Information:
- Company is backed by Warburg Pincus, Singapore’s state investor Temasek, JPMorgan and March Capital Partners.
- The reported revenue of ₹281.53 crore in 2021 against the revenue of ₹318.44 crores in 2020.
- The reported profit of ₹101.07 crores in 2021 against ₹21.29 crores in 2020.
- Acquired their competitors CarWale in 2015.
- Acquired Shriram Automall with 51% stake in 2018.
CarTrade IPO Review
- Apply for Short Term & Long Term Gain
Brokerage Firm IPO Reviews
- Axis Capital: Neutral
- Capital Market: May apply
- ICICI Direct: Apply
- Investmentz Ltd: Apply
- JM Financial: Neutral
- Motilal Oswal: Apply
- Nirmal Bang: Apply
- Angel Broking: Apply
- Anand Rathi: Apply
- Antique Stock Broking: Apply
- Arihant Capital: Subscribe for Long Term
- Aashika Research: Apply
- BP Wealth: Apply
- Canara Bank Securities: Apply
- Choice Broking: Apply
- Elite Wealth: Apply
- Hem Securities: Apply
- Marwadi Financial Services: Apply
- Nirmal Bang: Apply
- Samco Securities: Apply
CarTrade IPO Date & Price Band
| IPO Open: | 09 August 2021 |
| IPO Close: | 11 August 2021 |
| IPO Size: | Approx ₹2998.51 Crores |
| Fresh Issue: | Approx ₹0 Crores |
| Offer for Sale: | Approx ₹2998.51 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹1585 to ₹1618 Per Share (Final) |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 18,532,216 Shares |
| Discount: | - Per Equity Shares |
CarTrade IPO Market Lot
The CarTrade IPO minimum market lot is 9 shares with ₹14,562 application amount. The retail investors can apply up-to 13 lots, 117 shares with ₹189,306 application amount.
| Minimum Lot Size: | Minimum 9 Shares |
| Minimum Amount: | ₹14,562 |
| Maximum Lot Size: | Maximum 117 Shares |
| Maximum Amount: | ₹189,306 |
CarTrade IPO Date, Time Table, Allotment & Listing
The CarTrade IPO date is 09 August 2021 and the IPO close date is 11 August 2021. The allotment date is 17 August 2021 and the IPO may list on 23 August 2021.
| Price Band Announcement: | 02 August 2021 |
| Anchor Investors Allotment: | 06 August 2021 |
| IPO Open Date: | 09 August 2021 |
| IPO Close Date: | 11 August 2021 |
| Basis of Allotment: | 17 August 2021 |
| Refunds: | 18 August 2021 |
| Credit to Demat Account: | 20 August 2021 |
| IPO Listing Date: | 23 August 2021 |
CarTrade IPO Form
How to apply the CarTrade IPO? You can apply CarTrade IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the CarTrade IPO in the Invest section. The other option you can apply CarTrade IPO via IPO forms download via NSE and BSE. Check out the CarTrade forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.CarTrade Company Financial Report
| ₹ in Crores | |||||
| Assets |
Revenue | Expense | PAT |
||
| 2018 | ₹1357 | ₹150 | ₹- | -₹6.88 | |
| 2019 | ₹1427 | ₹267 | ₹231 | ₹25.92 | |
| 2020 | ₹1470 | ₹318 | ₹280 | ₹31.29 | |
| 2021 |
₹1930 | ₹282 | ₹235 | ₹101.07 | |
Company Promoters
- CarTrade Tech is a professionally managed company with no identifiable promoters.
About CarTrade
We are a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Our platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz. Through these platforms, we enable new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner. Our vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.
Quick Links
DRHP Draft Prospectus
RHP Draft Prospectus
CarTrade IPO Allotment Status
CarTrade IPO Registrar
Link Intime India Private LtdC 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: cartrade.ipo@linkintime.co.in
Website: https://www.linkintime.co.in
Note: Check CarTrade IPO allotment status on Linkintime website allotment URL. Click Here
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/
Note: The CarTrade IPO final details will be added as it is will be officially announced. The IPO grey market premium (CarTrade IPO Premium) will be updated soon. You can check our IPO grey market page for daily updates.)
CarTrade IPO Lead Managers
- Axis Capital Limited
- Citigroup Global Markets India Private Limited
- Kotak Mahindra Capital Company Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
Company Address
CarTrade Tech Limited12th 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 IPO FAQs
What is CarTrade IPO?
CarTrade IPO is a main-board IPO. They are going to raise ₹2998.51 Crores via IPO. The issue is priced at ₹1585 to ₹1618 per equity share. The IPO to be listed on BSE & NSE.
When CarTrade IPO will open?
The IPO is to open on 09 August 2021 for QIB, NII, and Retail Investors.
What is CarTrade IPO Investors Portion?
The investors' portion for QIB 50%, NII 15%, and Retail 35%.
How to Apply the CarTrade IPO?
You can apply CarTrade IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the CarTrade IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "CarTrade". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the CarTrade IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "CarTrade". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve - mandate. Open Demat Account with Upstox.
What is CarTrade IPO Size?
CarTrade IPO size is ₹2998.51 crores. The IPO comprises no fresh issue but only offer for sale of 18,532,216 equity shares.
What is CarTrade IPO Price Band?
CarTrade IPO Price Band is ₹1585 to ₹1618 per equity share.
What is CarTrade IPO Minimum and Maximum Lot Size?
The minimum bid is 9 Shares with ₹14,562 amount while maximum bid is 117 shares with ₹189,306.
What is CarTrade IPO Allotment Date?
CarTrade IPO allotment date is 17 August 2021.
What is CarTrade IPO Listing Date?
CarTrade IPO listing date is 23 August 2021. The IPO to list on BSE and NSE.
