CarTrade Tech IPO details (9 – 11 Aug), (Price: 1585-1618)
Listing date and Listing Price of CarTrade Tech IPO:
- CarTrade Tech IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of CarTrade Tech IPO on NSE – Click Here
- Listing Price of CarTrade Tech IPO on BSE – Click Here
Grey Market premium (GMP) price of CarTrade Tech IPO :
Grey Market premium (GMP) price of CarTrade Tech IPO is Rs. 450. Grey Market premium (GMP) of CarTrade Tech IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. (Source : ipowatch.in) Check latest GMP of all IPOs.
CarTrade Tech IPO Allotment link status on Link Intime:
- Check the allotment status of CarTrade Tech IPO on the below link given by Link Intime.
- CarTrade Tech IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
CarTrade Tech IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
CarTrade Tech IPO subscription status details:
|QIB (Qualified Institl. Bidders)||NIB (Non-institutional Investor)||RII (Retail Individual Investor)||Total No. of times applied|
CarTrade Tech IPO highlights:
|CarTrade Tech IPO bid Opens on||9 Aug 2021|
|CarTrade Tech IPO bid Closes on||11 Aug 2021|
|Post issue Modification Period||12-Aug-2021 (10.00 A.M. to 11.00 A.M.)|
|Cut-off time for UPI Mandate Confirmation||12-Aug-2021 (upto 12:00 PM)|
|Issue type||100% Book Building|
|CarTrade Tech IPO issue size||₹ 2998.51 Cr|
|Face value of each equity share||Rs. 10|
|CarTrade Tech IPO Price band||Rs.1585 to Rs.1618 per share|
|CarTrade Tech IPO market lot||9 equity shares and multiples of 9|
|CarTrade Tech IPO minimum order quantity||9 equity shares|
|Pre IPO equity share of promoters of CarTrade Tech||___%|
|Post IPO paid-up equity share of promoters of CarTrade Tech||___%|
|QIB portion reservation in CarTrade Tech IPO||50 %|
|NIB portion reservation in CarTrade Tech IPO||15 %|
|Retail portion reservation in CarTrade Tech IPO||35 %|
|Retail individual bidder can apply in CarTrade Tech IPO||up to 2 lakh (200,000) – Maximum 13 Lot|
|Retail individual discount in CarTrade Tech IPO||NA|
|Employees can apply in CarTrade Tech IPO||up to 5 lakh (500,000)|
|Employees Reservation in CarTrade Tech IPO||NA|
|Employees Discount in CarTrade Tech IPO||NA|
|Listing of CarTrade Tech at Exchanges||NSE, BSE|
|Fund raised from Anchor Investors in Pre-IPO of CarTrade Tech||NA|
|Registrar of CarTrade Tech IPO issue||Link Intime India Private Limited|
CarTrade Tech IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of CarTrade Tech IPO are mentioned below.
|CarTrade Tech IPO opens on||09.08.2021|
|CarTrade Tech IPO Closes on||11.08.2021|
|Allotment basis date of CarTrade Tech IPO||17.08.2021|
|Money refund date of CarTrade Tech IPO||18.08.2021|
|Shares of CarTrade Tech in Demat Account||20.08.2021|
|CarTrade Tech IPO listing date on NSE, BSE||23.08.2021|
How much shares of CarTrade Tech IPO are being offered?
|Type of Issue (Fresh / OFS)||No. of Equity shares offered||Amount of Equity shares|
|Total Issue size||₹ 2998.51 Crore|
|Fresh Issue size||–||₹ 0 Crore|
|Offer for Sale (OFS)||–||₹ 2998.51 Crore|
CarTrade Tech financial statements details:
|(₹ million)||(₹ million)||(₹ million)|
|Profit After Tax||1,010.74||312.94||259.17|
IPO Red Herring Prospectus (RHP) of CarTrade Tech:
Objectives of the CarTrade Tech IPO Issue: (Source – RHP)
The objects of the Offer are to (i) to carry out the Offer for Sale; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges. Our Company will not receive any proceeds from the Offer and all such proceeds will go to the Selling Shareholders.
Business of CarTrade Tech: (Source – RHP)
Our platforms, CarWale and BikeWale, ranked number one on relative online search popularity when compared to their key competitors over the period from April 2020 to March 2021, while Shriram Automall is one of the leading used vehicle auction platforms based on number of vehicles listed for auction for the financial year 2020 (Source: RedSeer Report).
Among our key competitors, we were the only profitable automotive digital platform for the financial year 2020 (Source: RedSeer Report). For the financial years 2021, 2020 and 2019, our total income was ₹ 2,815.23 million, ₹ 3,184.45 million and ₹ 2,668.05 million, respectively, and our restated profit for the year was ₹ 1,010.74 million, ₹ 312.94 million and ₹ 259.17 million, respectively. Our Adjusted EBITDA margin was 27.62%, 22.71% and 24.42% for the financial years 2021, 2020 and 2019, respectively.
We are a multi-channel auto platform with coverage and presence across vehicle types and value-added services (Source: RedSeer Report). Our platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, 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.
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