Cartrade Tech IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Cartrade Tech IPO release date, IPO offer price, subscription, Cartrade Tech Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 1585 to Rs 1618 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 9 Shares |
| Listing Date | Aug 23, 2021 |
| Offer for Sale | Rs 29985.10 Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 29985.10 Million |
| Tick Size | 1 |
Cartrade Tech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Cartrade Tech IPO – Summary
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.
The Promoter of this company is A PROFESSIONALLY MANAGED COMPANY AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER. The lead manager to the issue is Axis Capital Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, and Nomura Financial Advisory Securities (India) Private Limited, and the Registrar to this issue is Link Intime India Private Limited.
Cartrade Tech IPO Date
The opening and the closing date of the IPO of Cartrade Tech Limited are Aug 9, 2021, and Aug 11, 2021, respectively.
Check out Related IPO Links:
| Cartrade Tech IPO GMP |
| Cartrade Tech IPO Allotment |
Cartrade Tech IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 09 August | 0.01x | 0.03x | 0.80x | 0.41x |
| 2nd Day – 10 August | 0.59x | 0.27x | 1.53x | 0.99x |
| 3rd Day – 11 August | 35.45x | 41.00x | 2.75x | 20.29x |
| Shares Offered or Net Issue | 3,706,443 | 2,779,833 | 6,486,276 | 12,972,552 |
The shares subscribed by the public will be updated here.
Check Cartrade Tech IPO LIVE Subscription
- Cartrade Tech IPO LIVE Bid details on BSE
- Cartrade Tech IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Cartrade Tech IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Cartrade Tech Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Aug 17, 2021 |
| Refunds Initiation | Aug 18, 2021 |
| Credit of Shares to Demat Account | Aug 20, 2021 |
| Share Listing Date | Aug 23, 2021 |
Cartrade Tech IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 1585 to Rs 1618
Cartrade Tech IPO Equity Size
This Initial Public Issue of 18,532,216 Equity Shares of Rs.10 each for cash at a price of Rs 1585 to Rs 1618 per equity share aggregating to Rs.29985.10 Million.
Cartrade Tech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 18,532,216 Equity Shares of Rs.10 each, aggregating to Rs.29985.10 Million
Open Free Demat Account Now!
Cartrade Tech IPO – Live Performance
The listing date of this IPO is Aug 23, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Cartrade Tech Share Price |
Cartrade Tech IPO Grey Market Premium
The Cartrade Tech Limited IPO Grey Market Premium price is Rs 170, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0.
Cartrade Tech IPO – Company Overview
They are a multi-channel auto platform with coverage and presence across vehicle types and value-added services (Source: RedSeer Report). Their platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and AutoBiz.
Through these platforms, they enable new and used automobile customers, vehicle dealerships, vehicle OEMs, and other businesses to buy and sell their vehicles simply and efficiently. Their vision is to create an automotive digital ecosystem that 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.
Cartrade Tech IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 19,301.99 | 14,704.06 | 14,270.94 |
| *Total Revenue | 2,815.23 | 3,184.45 | 2,668.05 |
| Total Expense | 2,345.47 | 2,795.30 | 2,313.74 |
| Profit After Tax | 1,010.74 | 312.94 | 259.17 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic | 22.06 | 5.65 | 4.31 |
| Diluted |
19.19 | 5.07 | 3.87 |
Cartrade Tech IPO – Promoters
The Promoter of this company is:
- PROFESSIONALLY MANAGED COMPANY
List of Related Parties (Key Managerial Personnel)
- Vinay Vinod Sanghi, Chairman, Managing Director, and Chief Executive Officer
- Aneesha Menon, Executive Director, and Chief Financial Officer
- Victor Anthony Perry III, Non-Executive Director
- Kishori Jayendra Udeshi, Independent Director
- Vivek Gul Asrani, Independent Director
- Lakshminarayanan Subramanian, Additional Director (Independent Non-Executive)
Cartrade IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Cartrade Tech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 18,532,216 Equity Shares aggregating up to Rs.29985.10 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than 1,853,221 Equity Shares |
| Other than Retail Individual Investors | Not more than 1,235,481 Equity Shares |
| Equity Shares outstanding prior to the Issue | 6,637,365 Equity Shares |
| Equity Shares outstanding after the Issue | 45,834,067 Equity Shares |
Cartrade Tech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To carry out the Offer for Sale
2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges
Cartrade IPO – Business Strategy
- Well Positioned to Benefit from Growth of the Automotive Sector and Digitalization
- Grow their Business through their Digital Ecosystem, Online-Offline Presence, and Vehicle-Agnostic Approach
- Create an Opportunity to Monetize Value Added Services and Untapped Opportunities Through Strong Customer Base and technology platform
- Invest Further in Technology
- Supplement Organic Growth with Selective Acquisitions
Cartrade Tech IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Leading Marketplace for Automotive Sales with a Synergistic Ecosystem
- Strong Brands and Superior Customer Experience Driving Powerful Network Effects
- Proprietary End-to-End Technology Platforms
- Focus on Data Science to Provide Superior Solutions
- Profitable and Scalable Business Model
- Founder-led Management Team
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 22.06 | 19.19 | 5.43 | 392.83 |
| 31-Mar-20 | 5.65 | 5.07 | 1.73 | – |
| Mar-19 | 4.31 | 3.87 | 1.36 | – |
Cartrade Tech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Cartrade Tech Limited | 10 | [●] | 22.06 | 5.43 | 2,815.23 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Cartrade Tech IPO Lead Managers
| Lead Managers |
| Axis Capital Limited
Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory Securities (India) Private Limited |
Cartrade IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 247 Park, 1st Floor L.B.S. Marg, Vikhroli (West) Mumbai 400 083, Maharashtra, India Tel: +91 22 4918 6200 E-mail: cartrade.ipo@linkintime.co.in Website: www.linkintime.co.in Investor Grievance ID: cartrade.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Cartrade IPO – Other Details
- Statutory Auditor – S.R. Batliboi & Associates LLP, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Cartrade IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Cartrade Tech IPO
Cartrade Tech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Cartrade Tech IPO Review FAQs
Ques – What is the Issue Size of Cartrade Tech IPO?
Answer – The Company is making an initial public offer of 18,532,216 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Cartrade Tech IPO?
Answer – The price band for this particular IPO ranges between Rs 1585 to Rs 1618. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Cartrade Tech IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 9, 2021, while the closing date is set at Aug 11, 2021.
Ques – What is the Cartrade Tech IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 17, 2021, refund initiation is on Aug 18, 2021, credit of shares is on Aug 20, 2021, and share listing date is on Aug 23, 2021.
Ques – What is the Cartrade Tech IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Aug 23, 2021. The date, when the listing would be done, is stagnant on Aug 23, 2021.
Ques – Who is the Registrar of Cartrade Tech IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Cartrade Tech IPO?
Answer – Here are the promoters of this IPO – Professionally Managed. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Cartrade Tech IPO?
Answer – They have obtained the GMP of this IPO and it is Rs 170. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Cartrade Tech IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Cartrade company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 1,010.74, 2020 is 312.94, 2019 is 259.17.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics