CarTrade Tech Ltd IPO
Mainboard₹14,562 / 9 Shares
CarTrade Tech Ltd IPO Details
The CarTrade Tech Ltd IPO price band is set between ₹1585-1618 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 9 Aug, 2021 and closes on 11 Aug, 2021. Investors can check the allotment status on 17 Aug, 2021, while the listing date is tentatively scheduled for 20 Aug, 2021.
The total issue size is Offer for Sale of 1,85,32,216 Equity Shares aggregating up to Rs 2998.51/- Cr, aggregating up to . Stay tuned for the latest CarTrade Tech Ltd IPO review and GMP updates.
CarTrade Tech Ltd IPO Review, Rating & Analysis
CarTrade Tech Ltd IPO Review
NO REVIEWCarTrade Tech Ltd IPO Rating
CarTrade Tech Ltd IPO Highlights
IPO Date
Aug 9, 2021 - Aug 11, 2021
Listing Date
20 Aug, 2021
Face Value
₹10 Per Equity Share
Price Band
₹1585-1618 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
CarTrade Tech Ltd IPO Lot Size
The minimum market lot for CarTrade Tech Ltd IPO is 9 shares with an application amount of ₹14,562. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹14,562 |
| Retail (Max) | 13 | 117 | ₹1,89,306 |
| S-HNI (Min) | 14 | 126 | ₹2,03,868 |
| S-HNI (Max) | 68 | 612 | ₹9,90,216 |
| B-HNI (Min) | 69 | 621 | ₹10,04,778 |
CarTrade Tech Ltd IPO Timeline
Issue Price
₹1585-1618 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Axis Capital Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt LtdIssue Size
Offer for Sale of 1,85,32,216 Equity Shares aggregating up to Rs 2998.51/- CrCarTrade Tech Ltd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 1930.19 | 281.52 | 101.07 | - | - | - |
| 31 Mar 20 | 1470.40 | 318.44 | 31.29 | - | - | - |
| 31 Mar 19 | 1427.09 | 266.80 | 25.91 | - | - | - |
| 31 Mar 18 | 1357.08 | 149.52 | (6.88) | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- CarTrade Tech is a professionally managed company with no identifiable promoters.
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A% | N/A% |
About Company
Their 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 a leading used vehicle auction platform based on the number of vehicles listed for auction for the financial year 2020.
Among their key competitors, they were the only and most profitable automotive digital platform. In recent years, they have significantly expanded their business, with their total income increasing at a CAGR of 45.94% between financial years 2018 and 2020.
CarTrade Tech Ltd IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 37,06,443 | 27,79,833 | 64,86,276 | 129,72,552 |
Day 1 -09-08-21 05:00 PM | 0.01 x | 0.04 | 0.80 x | 0.41 x |
Day 2 -10-08-21 05:00 PM | 0.59 x | 0.27 | 1.54 x | 0.99 x |
Day 3 -11-08-21 05:00 PM | 35.45 x | 40.99 | 2.75 x | 20.28 x |
2.40 times
Frequently Asked Questions about CarTrade Tech Ltd IPO IPO
When will CarTrade Tech Ltd IPO open for subscription?
The CarTrade Tech Ltd IPO opens on 9 Aug, 2021 and closes on 11 Aug, 2021.
What is the investors portion for CarTrade Tech Ltd IPO?
The investors' portion for QIB is 35.45 x, NII is 40.99, and Retail is 2.75 x.
How to apply for CarTrade Tech Ltd IPO?
You can apply for CarTrade Tech Ltd IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of CarTrade Tech Ltd IPO?
The issue size of CarTrade Tech Ltd IPO is approx ₹Offer for Sale of 1,85,32,216 Equity Shares aggregating up to Rs 2998.51/- Cr crores.
What is the price band of CarTrade Tech Ltd IPO?
The price band for CarTrade Tech Ltd IPO is ₹1585 to ₹1618 per equity share.
What is the lot size of CarTrade Tech Ltd IPO?
The minimum bid (lot size) for CarTrade Tech Ltd IPO is N/A shares with an investment of approx ₹14,562 .
What is the allotment date of CarTrade Tech Ltd IPO?
The allotment date for CarTrade Tech Ltd IPO is 17 Aug, 2021.
What is the listing date of CarTrade Tech Ltd IPO?
The listing date for CarTrade Tech Ltd IPO is expected to be 20 Aug, 2021.
What is the GMP of CarTrade Tech Ltd IPO?
The latest Grey Market Premium (GMP) for CarTrade Tech Ltd IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.