CarTrade Tech Ltd IPO

Mainboard

Automobiles - Dealers & Distributors

Listed On: Aug 20, 2021 at ₹ 1599.80 (NSE)

₹ 14562 /9 Shares

Check Allotment

Price Summary

Last Closing

1,295.00 (-19.96%)

52 Week High

1,335.00

52 Week Low

623.90

Last Update

25-Nov-2024 3:30 PM

IPO Details

09 Aug, 2021

Open Date

11 Aug, 2021

Close Date

17 Aug, 2021

Allotment Date

20 Aug, 2021

Listing Date

Issue Price

₹1585-1618 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

1599.80 (NSE)

Listing Date

2021-08-20

Market Lot

9 Shares (₹14,562/-)

Lead Manager

Axis Capital Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd

Issue Size

Offer for Sale of 1,85,32,216 Equity Shares aggregating up to Rs 2998.51/- Cr

Retail Portion

35%

Subscription

20.28 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	37,06,443	27,79,833	64,86,276	129,72,552
Day 1 - 09-08-21 05:00 PM	0.01 x	0.04	0.80 x	0.41 x
Day 2 - 10-08-21 05:00 PM	0.59 x	0.27	1.54 x	0.99 x
Day 3 - 11-08-21 05:00 PM	35.45 x	40.99	2.75 x	20.28 x

Total No. of Applications: 1718178 (Approx)

Retail Subscription on the basis of Applications: 2.40 times

Valuations

Earnings Per Share (EPS)

₹22.06/-

P/E Ratio

73.37

RoNW

5.43%

Net Asset Value (NAV) - As on 31.03.21

₹392.83

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19	31-Mar-18
Assets	1,930.19	1,470.40	1,427.09	1,357.08
Revenue	281.52	318.44	266.80	149.52
Profit After Tax	101.07	31.29	25.91	(6.88)

About The Company

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.

- Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

CarTrade Tech is a professionally managed company with no identifiable promoters.

IPO - Issue Objectives

To carry out an offer for sale.
To achieve the benefits of listing the Equity Shares on the stock exchanges.

IPO - Anchor Investors

CarTrade mobilises Rs 900 cr from anchor investors ahead of IPO

Nomura, HSBC Global, Goldman Sachs, Jupiter India Fund, Elara India Opportunities Fund, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, Bharti Axa Life Insurance Company, Axis Mutual Fund (MF), HDFC MF, Kotak MF and Sundaram MF are among the anchor investors.

IPO - FAQs

Ans. CarTrade Tech Ltd IPO is a Mainboard IPO. The issue is priced at ₹1585-1618 per equity share. The minimum order quantity is 9 Shares. The IPO opens on Aug 9, 2021, and closes on Aug 11, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The CarTrade Tech Ltd IPO opens on Aug 9, 2021 and closes on Aug 11, 2021.

Ans. The size of CarTrade Tech Ltd IPO is Offer for Sale of 1,85,32,216 Equity Shares aggregating up to Rs 2998.51/- Cr.

Ans. The IPO price band is set between ₹1585-1618 per equity share.

Ans. To apply for CarTrade Tech Ltd IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find CarTrade Tech Ltd IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of CarTrade Tech Ltd IPO is Aug 17, 2021.

Ans. The CarTrade Tech Ltd IPO will be listed on Aug 20, 2021.

Ans. Follow the steps to check the allotment status for CarTrade Tech Ltd IPO here.