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CarTrade Tech Limited IPO (CarTrade Tech IPO) Detail

August 9, 2021 - August 11, 2021

CarTrade Tech IPO is a book built issue of Rs 2,998.51 crores. The issue is entirely an offer for sale of 1.85 crore shares.

CarTrade Tech IPO bidding started from August 9, 2021 and ended on August 11, 2021. The allotment for CarTrade Tech IPO was finalized on Tuesday, August 17, 2021. The shares got listed on BSE, NSE on August 20, 2021.

CarTrade Tech IPO price band is set at ₹1585 to ₹1618 per share. The minimum lot size for an application is 9 Shares. The minimum amount of investment required by retail investors is ₹14,562.

Axis Capital Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the CarTrade Tech IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to CarTrade Tech IPO RHP for detailed information.

CarTrade Tech IPO Details

IPO Date August 9, 2021 to August 11, 2021
Listing Date August 20, 2021
Face Value ₹10 per share
Price Band ₹1585 to ₹1618 per share
Lot Size 9 Shares
Total Issue Size18,532,216 shares
(aggregating up to ₹2,998.51 Cr)
Offer for Sale18,532,216 shares of ₹10
(aggregating up to ₹2,998.51 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

CarTrade Tech IPO Reservation

CarTrade Tech IPO offers 12,972,552 shares. 3,706,443 (28.57%) to QIB, 2,779,833 (21.43%) to NII, 6,486,276 (50.00%) to RII. 720,697 RIIs will receive minimum 9 shares and (sNII) and (bNII) will receive minimum 126 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,706,443 (28.57%)NA
NII (HNI) Shares Offered2,779,833 (21.43%)
Retail Shares Offered6,486,276 (50.00%)720,697
Total Shares Offered12,972,552 (100%)

CarTrade Tech IPO Timeline (Tentative Schedule)

CarTrade Tech IPO opens on August 9, 2021, and closes on August 11, 2021.

IPO Open Date Monday, August 9, 2021
IPO Close Date Wednesday, August 11, 2021
Basis of Allotment Tuesday, August 17, 2021
Initiation of Refunds Wednesday, August 18, 2021
Credit of Shares to Demat Friday, August 20, 2021
Listing Date Friday, August 20, 2021
Cut-off time for UPI mandate confirmation 5 PM on August 11, 2021

CarTrade Tech IPO Lot Size

Investors can bid for a minimum of 9 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 9 ₹14,562
Retail (Max) 13 117 ₹189,306
Lot Size Calculator

About CarTrade Tech Limited

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 Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 19,301.99 14,704.06 14,270.94
Total Revenue 2,815.23 3,184.45 2,668.05
Profit After Tax 1,010.74 312.94 259.17

Objects of the Issue (CarTrade Tech IPO Objectives)

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 Review (May apply)

[Dilip Davda]  After seeing the recent madness for lossmaking companies IPOs, this profit-making companyââ‚-â„¢s IPO is set to generate more fancy. The only caution is the exorbitant pricing it is asking for being the first mover in the segment to go for listing. Hence cash surplus/risk seekers may consider investing in this IPO. Read detail review...

CarTrade Tech IPO Subscription Status (Bidding Detail)

The CarTrade Tech IPO is subscribed 20.29 times on August 11, 2021 5:01:00 PM. The public issue subscribed 2.75 times in the retail category, 35.45 times in the QIB category, and 41.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 2.4 times

CategorySubscription (times)

CarTrade Tech IPO Prospectus

CarTrade Tech IPO Rating

Rating:Rated 4.1 stars
Vote Here ...

CarTrade Tech IPO Listing Details

Listing Date August 20, 2021
BSE Script Code 543333
ISIN INE290S01011
Final Issue Price ₹1618 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

CarTrade Tech Limited Contact Details

CarTrade Tech Limited
12th Floor, Vishwaroop IT Park, Sector 30A
Vashi, Navi Mumbai 400 705, Maharashtra, India

Phone: +91 22 6739 8888

CarTrade Tech IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

CarTrade Tech IPO FAQs

CarTrade Tech IPO is a main-board IPO of 18,532,216 equity shares of the face value of ₹10 aggregating up to ₹2,998.51 Crores. The issue is priced at ₹1585 to ₹1618 per share. The minimum order quantity is 9 Shares.

The IPO opens on August 9, 2021, and closes on August 11, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in CarTrade Tech IPO using UPI as a payment gateway. Zerodha customers can apply in CarTrade Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in CarTrade Tech IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'CarTrade Tech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The CarTrade Tech IPO opens on August 9, 2021 and closes on August 11, 2021.

CarTrade Tech IPO lot size is 9 Shares, and the minimum amount required is ₹14,562.

You can apply in CarTrade Tech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for CarTrade Tech IPO will be done on Tuesday, August 17, 2021, and the allotted shares will be credited to your demat account by Friday, August 20, 2021. Check the CarTrade Tech IPO allotment status.

The CarTrade Tech IPO listing date is on August 20, 2021.
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CarTrade Tech IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



1140. |   Link |  Bookmark |September 28, 2021 4:04:46 PM (200+ Posts)
Please do your research before coming to conclusions that high delivery % is always a good sign. It''s not in this case with new lows everyday.

I am sitting on losses as well and waiting for EGM & quarterly results before deciding what to do.
1140.6. Aniruddh Patel |   Link |  Bookmark |September 29, 2021 7:39:37 PM
@Have Faith, Did you have shares ? If yes, then how retailers are out. Don''t have patience of holding 1 month then why you invest. Put amount in FD and enjoy fixed interest without risk. See on money control forum are retailers actually out or not, they are crying.
1140.7. Have Faith 🙏 |   Link |  Bookmark |September 29, 2021 8:19:39 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Retailers out doesn''t mean 100 percent retailers will be out it is impossible use some common sense 35 percent was retail quota and still 5 percent are their and u will say retailers are not out operators are there ...and don''t make any judgement on basis of money control forum
1139. Ammm VVV |   Link |  Bookmark |September 29, 2021 3:37:50 PM
LTP -25% from IPO price.
1138. Have Faith |   Link |  Bookmark |September 20, 2021 2:57:50 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@Neo please explain in simple terms I am still holding 3 lots
1138.4. amukho |   Link |  Bookmark |September 27, 2021 6:10:45 PM
@Neo, you have explained so beautifully with proper logic. Thank you very much
1138.5. WealthyRam |   Link |  Bookmark |September 27, 2021 6:15:45 PM
Hi NeoLongus - I see your thoughts on Car Trade; I do see the delivery volumns are so high like >50% every day; Felt like someone is accumulating nicely even though its making lows every other day. I am also positive on the business that they do, I feel like its less asset burden company and as long as they show some positivity in growth that should fuel the share price in coming quarters; especially looking for Q2 numbers and decide.
1137. mentor ipo |   Link |  Bookmark |September 27, 2021 11:56:14 AM
Any views of experts on Cartrade ??
1137.1. |   Link |  Bookmark |September 27, 2021 5:02:13 PM (200+ Posts)
Nothing experts can say unless quarterly results are announced.
1136. Jitesh Kalal |   Link |  Bookmark |September 24, 2021 3:17:42 PM
5th october it will hit UC.. dont sell out your shares at loss guys.. wait for EGM to take place. And let the quarterly results be announced.
1135. |   Link |  Bookmark |September 13, 2021 6:02:29 PM (200+ Posts)
Chip shortage causes demand spillover in used car market
1134. NeoLongus |   Link |  Bookmark |August 30, 2021 10:28:43 AM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
This one''s sulking even on a day like today! Really disappointed with the listing enthusiasm shown by this one!
1134.8. Have Faith |   Link |  Bookmark |September 20, 2021 10:32:09 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Any veiws on cartrade now trading at 1435
1134.9. NeoLongus |   Link |  Bookmark |September 20, 2021 2:48:26 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)

Spinny, Cars24 etc all will become publicly listed in the next few years...will become a game of execution and operational excellence as the space and market opportunity is huge and one of these 3 or someone will dominate. I''ve already absorbed the listing day loss and holding steady for now. Keep minting!
1133. amukho |   Link |  Bookmark |August 29, 2021 9:03:24 AM
Looks like no IPO will come now for some time till market improves. Anyone please post some quality issues coming to market in near term.
1132. Aparajita Das |   Link |  Bookmark |August 27, 2021 6:38:27 PM
I got car Trade IPO allotment but the application amount Rs14562 is not credited to my bank.

Whom to complain please help
1132.1. amukho |   Link |  Bookmark |August 27, 2021 9:35:30 PM
If you got allotment, application amount can not be credited to your account
1131. MS ASSOCIATE |   Link |  Bookmark |August 27, 2021 6:17:19 PM
Aptus Value share price close above issue price
1130. Jitesh Kalal |   Link |  Bookmark |August 27, 2021 12:11:54 PM
Car is going down the Hill guys hold on tight... its just a roller coaster ride... uphill will come soon those who were waiting for a decent listing gain are putting pressure. Just give it a couple of weeks it should be in the 1800 range.
1130.1. Andrew |   Link |  Bookmark |August 27, 2021 3:28:03 PM
I am holding 13 Lots of cartrade..i.e. 117 shares ...Will wait fir 2 years to see 3000 price.....Cartrade bechkar hi car leni h 😁😁
1129. SANJAY BAITHA |   Link |  Bookmark |August 27, 2021 1:05:23 PM
1128. Monster Zero |   Link |  Bookmark |August 26, 2021 7:46:55 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
It takes 1-2 months for an IPO stock to generate interest again in the minds of investors. Hold, cartrade, aptus, chemplast, krsnaa, devyani, exxaro, nuvoco.. these are good stocks... within a year some of them might get double.
And even if you get atleast 7% after a year, it''s still a win win in terms of returns. If you can hold it then you should. I have all of these in my portfolio with averaged out prices.
1128.1. Bhumika |   Link |  Bookmark |August 26, 2021 11:51:15 PM
Holding all...
1128.2. MintIndian |   Link |  Bookmark |August 27, 2021 11:37:50 AM
Got alloted in CarT and aptus (2/2). Didnot get Chemplast, did not apply Nuvoco. 1/2 in Devyani not any lot in any other previous 3 IPO (Exarro/ Windlas/ Krsnaa, 0/2).
Sold Devyani partially in friends account, took my money. Gifted rest of shares.
Sold Aptus both lots at no loss.
Sold CarT both lot at loss (Adjusted loss with gain made earlier this year).
If anyone can remain invested CarT and Aptus, may perform in long term.
In short term, there is no visible upside.
Market moves on others sentiments and I may be wrong in my trade but took these decisions after factoring every thing at that time.

1127. SONAMsumit |   Link |  Bookmark |August 27, 2021 6:22:32 AM
buy eki share ..eki energy
1126. ajinkya shevate |   Link |  Bookmark |August 26, 2021 3:56:51 PM
major issue is hni they take funding by looking at gmp and due to there greed selling pressure comes.. glad that exited on time
1126.1. Amit Kumar yadav |   Link |  Bookmark |August 26, 2021 7:15:08 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
HNI ka khud ka paisa to laga nahi hota retailer ki tarah. Market se paisa utha ke kharid to lete hai share. Uske baad HNI cost na nikle to bech bech ke selling pressure banate hai. Uske baad retailer bhi panic selling karne lagta hai.
1125. Amit Kumar yadav |   Link |  Bookmark |August 26, 2021 10:12:52 AM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Rolls Royce samjha tha. Ye bullock cart nikla. 1 lot tha acha kiya bech diya.
1125.1. NavJan |   Link |  Bookmark |August 26, 2021 3:53:25 PM
bullock cart also moves ahead slowly. It is worse than that. Market is positive but it is down. Positive move on day 2 was a dead cat bounce.
1125.2. Amit Kumar yadav |   Link |  Bookmark |August 26, 2021 6:41:15 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Hahaha. True that. I get scared everytime when I see it''s share price.😂
1124. Jitesh Kalal |   Link |  Bookmark |August 25, 2021 3:35:34 PM
Anyone i have 115 shares @ avg of 1546 still holding my horses. Please suggest me if can hold it for long term.
1124.7. |   Link |  Bookmark |August 26, 2021 6:02:53 PM (200+ Posts)
Waiting until at least Diwali quarter. Averaged price @ 1535. Will average again if it falls below 1400.
1124.8. |   Link |  Bookmark |August 26, 2021 6:04:34 PM (200+ Posts)
@amukho lowest price car trade reached is 1425.
1123. IPO INFORMAR |   Link |  Bookmark |August 26, 2021 4:30:12 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Many experts told to avoid this ipo or book loss.It is coming slowly to its real price . After month QIB also will start selling .This is reality .
1122. Kunal B |   Link |  Bookmark |August 26, 2021 2:18:56 PM
I feel no point in accumulating this stock which is down almost 10% post listing. Make it reach at least listing price, anyone can enter there and hope for a quick 10-15%. I personally exited at 1515
1121. DoneDone |   Link |  Bookmark |August 25, 2021 10:50:36 PM
I believe now the time has come when the market distinguishes between men and boys. So buy good stocks with strong fundamentals basically a value stock.
By the way, I ain''t going to buy this stock. As
"If we attribute super earnings of FY21 on its equity, then the asking price is at a P/E of around 73.38 and if we exclude accounting adjustments for deferred tax and attribute it on equity, then the asking price is at a P/E of around 199.26. Thus the issue is priced exorbitantly. (at the upper price bands)".