CarTrade Tech IPO Details
CarTrade Tech IPO description – 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.
Promoters of CarTrade Tech – the company is professionally managed company and does not have an identifiable promoter
| CarTrade Tech IPO details | |
| Subscription Dates | 9 -11 August 2021 |
| Price Band | INR1,585 – 1,618 per share |
| Fresh issue | Nil |
| Offer For Sale | 18,532,216 shares (INR2,937.36 – 2,998.51 crore) |
| Total IPO size | 18,532,216 shares (INR2,937.36 – 2,998.51 crore) |
| Minimum bid (lot size) | 9 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
CarTrade Tech's Financial Performance (in INR crore)
| FY2019 | FY2020 | FY2021 | |
| Revenue | 266.8 | 318.4 | 281.5 |
| Expenses | 231.4 | 279.5 | 234.5 |
| Net income | 25.7 | 31.6 | 101.6 |
| Margin (%) | 9.6 | 9.9 | 36.1 |
More about CarTrade Tech IPO
Registrar of CarTrade Tech IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
CarTrade Tech Contact Details
CarTrade Tech Limited
12th Floor, Vishwaroop IT Park,
Sector 30A, Vashi, Navi
Mumbai 400 705
Phone:Â +91 22 6739 8888
Email: [email protected]
Website:Â www.cartradetech.com
Valuation of CarTrade Tech (as of FY2021)
Earnings Per Share (EPS): INR19.19
Price/Earnings (PE ratio): 82.60 – 84.31
Return on Net Worth (RONW): 5.43%
Net Asset Value (NAV): INR392.83 per share
CarTrade Tech IPO GMP Daily Trend
| Date | CarTrade IPO GMP | Kostak | Subject to Sauda |
| 19 August 2021 | INR120 | – | – |
| 18 August 2021 | INR150 | – | – |
| 17 August 2021 | INR180 | – | – |
| 16 August 2021 | INR250 | – | – |
| 14 August 2021 | INR210 | – | – |
| 13 August 2021 | INR200 | – | – |
| 12 August 2021 | INR170 | – | – |
| 11 August 2021 | INR150 | – | – |
| 10 August 2021 | INR350 | INR250 | INR2,100 |
| 9 August 2021 | INR400 | INR450 | INR2,600 |
| 7 August 2021 | INR450 | INR700 | INR3,200 |
| 6 August 2021 | INR500 | INR750 | INR3,800 |
| 5 August 2021 | INR650 | INR700 | INR4,000 |
| 4 August 2021 | INR650 | INR700 | INR4,000 |
| 3 August 2021 | INR700 | INR600 | – |
| 2 August 2021 | INR600 | INR500 | – |
| 31 July 2021 | – | INR500 | – |
CarTrade Tech IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 37,06,443 | 0.01 | 0.59 | 35.45 |
| NII | 27,79,833 | 0.03 | 0.27 | 41.00 |
| Retail | 64,86,276 | 0.80 | 1.53 | 2.74 |
| Â | Â | Â | Â | Â |
| Total | 1,29,72,552 | 0.41 | 0.99 | 20.29 |
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CarTrade IPO Reviews
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CarTrade Tech IPO Allotment Status
CarTrade IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of CarTrade IPO
IPO Opening Date: 9 August 2021
IPO Closing Date: 11 August 2021
Finalisation of Basis of Allotment: 17 August 2021
Initiation of refunds: 18 August 2021
Transfer of shares to demat accounts: 20 August 2021
Listing Date: 20 August 2021
Opening Price on NSE: INR1,599.8 per share (up 1.12% from IPO price)
Closing Price on NSE: INR1,501.05 per share (down 7.23% from IPO price)
