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Let’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 ValueRs 10
Price BandRs 1585 to Rs 1618
Listing AtBSE, NSE
Min. Order Quantity9 Shares
Listing DateAug 23, 2021
Offer for SaleRs 29985.10 Million
Fresh IssueRs Million
IPO SizeRs 29985.10 Million
Tick Size1

Cartrade Tech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Cartrade Tech IPO – Summary

Cartrade Tech IPO

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 / DateQIBNIIRIITotal Subscription
1st Day – 09 August0.01x0.03x0.80x0.41x
2nd Day – 10 August0.59x0.27x1.53x0.99x
3rd Day – 11 August35.45x41.00x2.75x20.29x
Shares Offered or Net Issue3,706,4432,779,8336,486,27612,972,552

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 FinalizationAug 17, 2021
Refunds InitiationAug 18, 2021
Credit of Shares to Demat AccountAug 20, 2021
Share Listing DateAug 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


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    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-2131-Mar-20Mar-19
    Total Assets19,301.9914,704.0614,270.94
    *Total Revenue2,815.233,184.452,668.05
    Total Expense2,345.472,795.302,313.74
    Profit After Tax1,010.74312.94259.17

    Earnings per Equity Share (in Million)

    31-Mar-2131-Mar-20Mar-19
    Basic 22.065.654.31
    Diluted
    19.195.073.87

    Cartrade Tech IPO – Promoters

    The Promoter of this company is:

    1. 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 MakersUp to [●] Equity Shares aggregating up to Rs.[●] Million
    Net Issue to the PublicUp 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 InvestorsNot more than 1,235,481 Equity Shares
     Equity Shares outstanding prior to the Issue6,637,365 Equity Shares
     Equity Shares outstanding after the Issue45,834,067 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 EPSDiluted EPS
    RONW (%)NAV (Rs.)
    31-Mar-2122.0619.195.43392.83
    31-Mar-205.655.071.73
    Mar-194.313.871.36

    Cartrade Tech IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Cartrade Tech Limited10[●]22.065.432,815.23
    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      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.


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