CarTrade Tech IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About CarTrade Tech
- Important Details – CarTrade Tech
- Objects of the Issue
- CarTrade Tech Limited Financials:
- CarTrade Tech IPO Price – Details
- CarTrade Tech IPO DRHP & RHP
- CarTrade Tech IPO Lot Size
- CarTrade Tech IPO Lead Managers
- CarTrade Tech Registrar
- CarTrade Tech IPO Allotment Date, Listing Date and other Important Dates
- Company Registered and Corporate Office
- CarTrade Tech IPO – FAQS
About CarTrade Tech
CarTrade Tech 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 one of the leading used vehicle auction platforms based on number of vehicles listed for auction for the financial year 2020. Among the key competitors, CarTrade Tech is the only profitable automotive digital platform for the financial year 2020
CarTrade Tech is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. The platforms operate under several brands:
- CarWale
- CarTrade
- Shriram Automall
- BikeWale
- CarTrade Exchange
- Adroit Auto and
- AutoBiz.
Through these platforms, CarTrade Tech enable new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner. The vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.
The automotive ecosystem is highly fragmented and complex. The process of buying vehicles requires buyers to go through several channels and numerous stages. The multiplicity of transactions creates potential inefficiencies and can negatively affect the margins of the seller that can be achieved on the sale of a vehicle.
Collectively, the inefficiencies in the ecosystem highlight the opportunity for an online automotive marketplace to bring together and match the right vehicle buyers and vehicle sellers on a single platform. Accordingly, there has been a constant move towards online automotive portals, and the total addressable market for online automotive portals in India was estimated at US$ 14.3 billion in the financial year 2020.
Important Details – CarTrade Tech
| Date | Details |
|---|---|
| April 28, 2000 | The company was incorporated as ‘Kaymo Fastener Company Private Limited’ at Mumbai, Maharashtra as a private limited company |
| August 12, 2009 | The name of the company was subsequently changed to ‘MXC Solutions India Private Limited’ |
| April 20, 2021 | The name of the company was thereafter changed to ‘CarTrade Tech Private Limited’ |
| April 29, 2021 | The company was converted from a private limited company to a public limited company and the name of the Company was changed to ‘CarTrade Tech Limited’. |
Objects of the Issue
The objects of the Offer are to
(i) to carry out the Offer for Sale; and
(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
CarTrade Tech Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 19,301.99 | 14,704.06 | 14,270.94 |
| Total income | 2,815.23 | 3,184.45 | 2,668.05 |
| Profit After Tax | 1,010.74 | 312.94 | 259.17 |
CarTrade Tech IPO Price – Details
| Description | Details |
|---|---|
| Public Issue | Initial Public offer of 18,532,216 Equity Shares of ₹ 10 (aggregating up to[.]) and an Offer for Sale of up to 18,532,216 equity shares (aggregating up to [.]) |
| Issue Open Date | 09-Aug-21 |
| Issue Close Date | 11-Aug-21 |
| Issue Type | Book Built |
| IPO Price Band | ₹ 1585 – ₹ 1618 |
| Face Value | ₹ 10 |
| Market Lot | 9 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 9 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
CarTrade Tech IPO DRHP & RHP
CarTrade Tech IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 9 | ₹ 14,562 |
| Maximum | 13 | 117 | ₹ 1,89,306 |
CarTrade Tech IPO Lead Managers
- Axis Capital Limited
- Citigroup Global Markets India Private Limited
- Kotak Mahindra Capital Company Limited
- Nomura Financial Advisory and Securities (India) Private Limited
CarTrade Tech Registrar
CarTrade Tech IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 09-Aug-21 |
| Bid / Offer Closes on | 11-Aug-21 |
| Finalisation of Basis of Allotment | 17-Aug-21 |
| Initiation of refunds | 18-Aug-21 |
| Credit of the Equity Shares | 20-Aug-21 |
| Commencement of trading – Listing | 23-Aug-21 |
Company Registered and Corporate Office
12th Floor, Vishwaroop IT Park,
Sector 30A, Vashi,
Navi Mumbai 400 705,
Maharashtra, India
Tel: +91 22 6739 8888
CarTrade Tech IPO – FAQS
When CarTrade Tech IPO will open ?
The CarTrade Tech IPO opens on Aug 09, 2021 and closes on Aug 11, 2021
What is the lot size of CarTrade Tech IPO ?
The CarTrade Tech IPO lot size is 9 Shares and the minimum order quantity is 9 Shares.
What is the price band for CarTrade Tech IPO ?
The CarTrade Tech IPO price band at ₹ 1585 – ₹ 1618 per share
Who is the Registrar for CarTrade Tech IPO ?
The Registrar is Link Intime India Private Limited
How to apply in CarTrade Tech IPO through UPI?
Check the step by step process here – Click here
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