CarTrade Tech Ltd, which was founded in 2008, is India's largest multichannel car platform supplier. CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and AutoBiz are among brands in which the company operates. Customers, dealerships, car OEMs, and other companies may purchase and sell automobiles in a straightforward and effective manner thanks to the Company.
Vision Of the Company:- To create an automotive digital ecosystem which connects automobile customers, OMEs, dealers, banks, insurance companies and other stakeholders.
Strengths of the Company:-
- A leading platform for Automotive Sales.
- Operates with various brands.
- A comprehensive range of services.
- Profitable and scalable business model.
Financials of the Company:-
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 19,301.99 | 14,704.06 | 14,270.94 | ||
| Total Revenue | 2,815.23 | 3,184.45 | 2,668.05 | ||
| Profit After Tax | 1,010.74 | 312.94 | 259.17 | ||
|
IPO Opening Date |
Aug 9, 2021 |
|
IPO Closing Date |
Aug 11, 2021 |
|
Issue Type |
Book Built Issue IPO |
|
Face Value |
₹10 per equity share |
|
IPO Price |
₹1585 to ₹1618 per equity share |
|
Market Lot |
9 Shares |
|
Min Order Quantity |
9 Shares |
|
Listing At |
BSE, NSE |
|
Issue Size |
18,532,216 Eq Shares of ₹10 |
CarTrade Tech IPO Timetable
| IPO Open Date | Aug 9, 2021 |
| IPO Close Date | Aug 11, 2021 |
| Basis of Allotment Date | Aug 17, 2021 |
| Initiation of Refunds | Aug 18, 2021 |
| Credit of Shares to Demat Account | Aug 20, 2021 |
| IPO Listing Date | Aug 23, 2021 |
(Source : all details are taken form SEBI)
Our Recommendation:
Excellent IPO for investment purposes.
Grey Market Premium
Expected 30% to 50% listing Premium.
Previous IPO Links