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CarTrade Tech Limited IPO Detail

CarTrade Tech Limited IPO Detail

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.

IPO Details

IPO Opening DateAug 09, 2021
IPO Closing DateAug 11, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹1585 - 1618 per equity share
Market Lot9 Shares
Min Order Quantity9 Shares
Listing AtBSE, NSE
Issue Size₹2,998.51 Cr
Fresh Issue-
Offer for Sale18,532,216 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)
Retail Portion 50%

IPO Subscription (Bidding Detail)

Day 1 0.01x 0.03x 0.80x - 0.41x
Day 2 0.59x 0.27x 1.53x - 0.99x
Day 3 35.45x 41.00x 2.75x - 20.29x

IPO Tentative Timetable

The CarTrade Tech Limited IPO open date is Aug 09, 2021, and the close date is Aug 11, 2021. The issue may list on Aug 20, 2021.

IPO Open DateAug 09, 2021
IPO Close DateAug 11, 2021
Basis of Allotment DateAug 17, 2021
Initiation of RefundsAug 17, 2021
Credit of Shares to Demat AccountAug 18, 2021
IPO Listing DateAug 20, 2021

IPO Lot Size

The CarTrade Tech Limited IPO market lot size is 9 shares. A retail-individual investor can apply for up to 13 lots (117 shares or ₹189306).

ApplicationLotsSharesAmount (Cut-off)

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 1,930.2 281.52 101.07
31-Mar-20 1,470.40 318.44 31.29
31-Mar-19 1,427.09 266.80 259.17

Objects of the Issue:

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