CarTrade Tech IPO Details

CarTrade IPOCarTrade 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

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: 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: +91 22 6739 8888
Email: [email protected]
Website: 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
         
Total 1,29,72,552 0.41 0.99 20.29

 

CarTrade IPO Reviews

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SMC Global – 1.5/5
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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)

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