CarTrade Tech Limited IPO
Incorporated in 2000, CarTrade Tech Ltd is a multi-channel auto platform provider company. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company offers a variety of solutions across automotive transactions for buying, selling, marketing, financing, and other activities.
Competitive Strengths:
- A leading platform for Automotive Sales with a Synergistic Ecosystem.
- Operate various brands i.e. CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, AutoBiz, etc.
- A comprehensive range of services i.e. automotive buying, selling, financing, marketing, etc.
- Profitable and scalable business model.
Company Promoters:
- CarTrade Tech is a professionally managed company with no identifiable promoters.
Issue Details
Company Financials
| Particulars | For the year/period ended (₹ in million) | ||
| Summary of financial Information (Restated Consolidated) | 31-March-2021 | 31-March-2020 | 31-March-2019 |
| 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 |
Objects of the Issue:
The company aims to utilizes the net proceed towards the following objectives.
- To carry out an offer for sale.
- To achieve the benefits of listing the Equity Shares on the stock exchanges.
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