Thursday, July 29, 2021

CarTrade IPO Date, Review, Price, Form & Market Lot Details

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



    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 Ltd
    C 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

    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 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 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.

    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.)

    Open Demat Account