CarTrade Tech IPO will open for subscription from 09 August 2021. The company aims for an issue size of ₹2,998.51 Crore through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
CarTrade Tech Limited
CarTrade is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Its platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and AutoBiz. Through these platforms, the company enables new and used automobile customers, vehicle dealerships, vehicle OEMs, and other businesses to buy and sell their vehicles in a simple and efficient manner. In the three months ended 30 June 2021, its consumer platforms, CarWale, CarTrade, and BikeWale collectively had an average of 27.11 million unique visitors per month, with 88.14% being organic visitors.
Objects of the Issue
- To carry out an offer for sale.
- To achieve the benefits of listing the Equity Shares on the stock exchanges.
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.
Basic details about the company
| Full name | CarTrade Tech Limited |
| Sector | Automobile & Ancillaries |
| Industry | Automobiles-Dealers&Distributors |
| Company Website | www.cartrade.com |
Dates to remember
| IPO Open | 09 August 2021 |
| IPO Close | 11 August 2021 |
| Basis of Allotment | 17 August 2021 |
| Refunds date | 18 August 2021 |
| Credit to Demat Account | 20 August 2021 |
| Listing Date | 23 August 2021 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹2,998.51 Cr |
| Fresh Issue | NIL |
| Offer for sale | ₹2,998.51 Cr |
| Face value | ₹10 per equity share |
| Price band | ₹1585 to ₹1618 per equity share |
| Retail Allocation | 35% |
| Lot size | 9 Shares |
| Minimum application | 1Lot-9 Shares |
| Maximum application | 13 Lots-117 |
| Minimum application amount | ₹14,562 |
| Maximum application amount | ₹189,306 |
| Listing Exchange | BSE & NSE |
Company Financial Summary (in crores)
| FY2019 | FY2020 | FY2021 | |
| Revenue | 266.8 | 318.4 | |
| Expenses | 231.4 | 279.5 | 234.5 |
| Net income | 25.7 | 31.6 | 101.6 |
| Margin (%) | 9.6 | 9.9 | 36.1 |
Valuation of CarTrade Tech (as of FY2020)
| Earnings Per Share (EPS) | ₹19.19 |
| Price/Earnings (PE ratio) | 82.60 – 84.31 |
| Return on Net Worth (RONW) | 5.43% |
| Net Asset Value (NAV) | 392.83 per share |
Company Promoters
- CarTrade Tech is a professionally managed company with no identifiable promoters.
Lead Managers
- Axis Capital Limited
- Citigroup Global Markets India Private Limited
- Kotak Mahindra Capital Company Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
CarTrade Tech IPO Registrar
Link Intime India Private Ltd
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: http://www.linkintime.co.in
Company Contact Information
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 Allotment Status
CarTrade IPO allotment will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
CarTrade Tech IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing