07/08/2021
CarTrade Tech Limited IPO:
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 FINANCIALS:
Summary of financial Information (Restated Consolidated) on period ended.(₹ in million)
On 31st March 2021
Total Assets : 19,301.99
Total Revenue: 2,815.23
Profit After Tax : 1,010.74
On 31st March 2020
Total Assets : 14,704.06
Total Revenue: 3,184.45
Profit After Tax: 312.94
On 31st March 2019
Total Assets : 14,270.94
Total Revenue: 2,668.05
Profit After Tax : 259.17
OBJECTS OF ISSUE:
The company aims to utilizes the net proceed towards the following objectives;
~To carry out an offer for sale.
~To achieve the benefits of listing the Equity Shares on the stock exchanges.
CarTrade Tech IPO
DETAILS:
Face Value ₹10 per equity share
IPO Price ₹1585 to ₹1618 per equity share
Market Lot : 9 Shares
Min Order Quantity : 9 Shares
Listing At BSE, NSE
Issue Size 18,532,216 Eq Shares of ₹10
(aggregating up to ₹2,998.51 Cr)
Offer for Sale 18,532,216 Eq Shares of ₹10
(aggregating up to ₹2,998.51 Cr)
IPO DATES:
IPO Open Date Aug 9, 2021
IPO Close Date Aug 11, 2021
Basis of Allotment Date Aug 17, 2021
Initiation of Refunds on Aug 18, 2021
Credit of Shares to Demat Account Aug 20, 2021
IPO Listing Date Aug 23, 2021
LOT SIZE:
The CarTrade Tech IPO market lot size is 9 shares. A retail-individual investor can apply for up to 13 lots (117 shares or ₹189,306).
APPLICATION (Cut off):
Minimum: 1 Lots (9 shares)= ₹14,562
Maximum : 13 Lots (117 Shares) =₹189,306.
