CarTrade Tech IPO

CarTrade Tech IPO Details and Analysis

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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 nameCarTrade Tech Limited
SectorAutomobile & Ancillaries

Dates to remember

IPO Open09 August 2021
IPO Close11 August 2021
Basis of Allotment17 August 2021
Refunds date18 August 2021
Credit to Demat Account20 August 2021
 Listing Date23 August 2021

IPO details

Issue typeBook Building
IPO issue size₹2,998.51 Cr
Fresh IssueNIL
Offer for sale₹2,998.51 Cr
Face value₹10 per equity share
Price band₹1585 to ₹1618 per equity share
Retail Allocation35%
Lot size9 Shares
Minimum application1Lot-9 Shares
Maximum application13 Lots-117
Minimum application amount₹14,562
Maximum application amount₹189,306
Listing ExchangeBSE & NSE

Company Financial Summary (in crores)

Net income25.731.6101.6
Margin (%)9.69.936.1

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

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

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

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