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

CarTrade Tech Limited IPO -  Issue Opens
ISSUE OPENS
Monday, August 09, 2021
CarTrade Tech Limited IPO - Issue Closes
ISSUE CLOSES
Wednesday, August 11, 2021
CarTrade Tech Limited IPO - Issue Price
ISSUE PRICE
Rs 1585 - Rs 1618 Per Equity Share.
CarTrade Tech Limited IPO -  Bid Lot
BID LOT
9 Equity shares & multiple of 9 Equity shares thereafter.
CarTrade Tech Limited IPO - IPO Size
IPO SIZE
Rs. 2998.51 Cr
CarTrade Tech Limited IPO - Listing Exchanges
LISTING EXCHANGES
NSE & BSE
CarTrade Tech Limited IPO -  Allotment Date
ALLOTMENT DATE
Tentatively Tuesday, August 17, 2021
CarTrade Tech Limited IPO - Ratios
RATIOS
QIB 50% - Retail 35% - NIB 15%

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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