CarTrade Tech IPO price band, GMP, Allotment, Listing date and Price

CarTrade Tech IPO details (9 – 11 Aug), (Price: 1585-1618)

Listing date and Listing Price of CarTrade Tech IPO:

  1. CarTrade Tech IPO listed on BSE and NSE exchanges on – Click Here
  2. Listing Price of CarTrade Tech IPO on NSE – Click Here
  3. 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:

  1. Check the allotment status of CarTrade Tech IPO on the below link given by Link Intime.
  2. 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
Day 3 35.45x 41.00x 2.75x 20.29x
CarTrade Tech IPO subscription status live

CarTrade Tech IPO highlights:

CarTrade Tech IPO bid Opens on 9 Aug 2021
CarTrade Tech IPO bid Closes on11 Aug 2021
Post issue Modification Period12-Aug-2021 (10.00 A.M. to 11.00 A.M.)
Cut-off time for UPI Mandate Confirmation12-Aug-2021 (upto 12:00 PM)
Issue type100% Book Building
CarTrade Tech IPO issue size₹ 2998.51 Cr
Face value of each equity shareRs. 10
CarTrade Tech IPO Price bandRs.1585 to Rs.1618 per share
CarTrade Tech IPO market lot9 equity shares and multiples of 9
CarTrade Tech IPO minimum order quantity9 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 IPO50 %
NIB portion reservation in CarTrade Tech IPO15 %
Retail portion reservation in CarTrade Tech IPO35 %
Retail individual bidder can apply in CarTrade Tech IPOup to 2 lakh (200,000) – Maximum 13 Lot
Retail individual discount in CarTrade Tech IPONA
Employees can apply in CarTrade Tech IPOup to 5 lakh (500,000)
Employees Reservation in CarTrade Tech IPONA
Employees Discount in CarTrade Tech IPONA
Listing of CarTrade Tech at ExchangesNSE, BSE
Fund raised from Anchor Investors in Pre-IPO of CarTrade TechNA
Registrar of CarTrade Tech IPO issueLink Intime India Private Limited
CarTrade Tech IPO highlights

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 on09.08.2021
CarTrade Tech IPO Closes on11.08.2021
Allotment basis date of CarTrade Tech IPO17.08.2021
Money refund date of CarTrade Tech IPO18.08.2021
Shares of CarTrade Tech in Demat Account20.08.2021
CarTrade Tech IPO listing date on NSE, BSE23.08.2021
CarTrade Tech IPO important dates regarding bidding, allotment, listing, refund etc.

How much shares of CarTrade Tech IPO are being offered?

Type of Issue (Fresh / OFS)No. of Equity shares offeredAmount of Equity shares
Total Issue size₹ 2998.51 Crore
Fresh Issue size₹ 0 Crore
Offer for Sale (OFS)₹ 2998.51 Crore
Employee Reservation
No. of Equity shares offered of CarTrade Tech IPO

CarTrade Tech financial statements details:

31.03.202131.03.202031.03.2019
(₹ million)(₹ million)(₹ million)
Total Assets19,301.9914,704.0614,270.94
Total Revenue2,815.233,184.452,668.05
Profit After Tax1,010.74312.94259.17
CarTrade Tech financial statements details

IPO Red Herring Prospectus (RHP) of CarTrade Tech:

Click here for IPO RHP of CarTrade Tech on SEBI website.

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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