CarTrade Tech Ltd IPO
Mainboard₹14,562 / 9 Shares
IPO Details
CarTrade Tech Ltd IPO IPO is priced between ₹1585-1618 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Private Ltd is managing the issue as the registrar.
The IPO bidding period opened on 9 Aug, 2021, and closed on 11 Aug, 2021. The allotment results will be announced on 17 Aug, 2021, with a tentative listing date set for 20 Aug, 2021.
The total issue comprises Offer for Sale of 1,85,32,216 Equity Shares aggregating up to Rs 2998.51/- Cr, amounting to .
CarTrade Tech Ltd IPO IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Aug 9, 2021 - Aug 11, 2021 | 20 Aug, 2021 | ₹10 Per Equity Share | ₹1585-1618 per equity share | - | Shares | - | BSE, NSE |
CarTrade Tech Ltd IPO IPO Timeline
Issue Price
₹1585-1618 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdMarket Lot
9 Shares (₹14,562/-)Lead 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/- CrRetail Portion
35%Subscription
20.28 timesCarTrade Tech Ltd IPO 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.
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 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
CarTrade Tech Ltd IPO IPO - Issue Objectives
- To carry out an offer for sale.
- To achieve the benefits of listing the Equity Shares on the stock exchanges.