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CarTrade Tech Limited IPO (CarTrade Tech IPO) Detail

Aug 9, 2021 - Aug 11, 2021

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:

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

CarTrade Tech IPO Date Aug 9, 2021 to Aug 11, 2021
CarTrade Tech IPO Face Value ₹10 per share
CarTrade Tech IPO Price ₹1585 to ₹1618 per share
CarTrade Tech IPO Lot Size 9 Shares
Issue Size18,532,216 shares of ₹10
(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
Company Promoters

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

CarTrade Tech IPO Timeline (Tentative Timetable)

CarTrade Tech IPO opens on Aug 9, 2021, and closes on Aug 11, 2021. The CarTrade Tech IPO bid date is from Aug 9, 2021 10.00 A.M. to Aug 11, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
CarTrade Tech IPO Opening Date Aug 9, 2021
CarTrade Tech IPO Closing Date Aug 11, 2021
Basis of Allotment Aug 17, 2021
Initiation of Refunds Aug 18, 2021
Credit of Shares to Demat Aug 20, 2021
CarTrade Tech IPO Listing Date Aug 20, 2021

CarTrade Tech IPO Lot Size

The CarTrade Tech IPO lot size is 9 shares. A retail-individual investor can apply for up to 13 lots (117 shares or ₹189,306).

Application Lots Shares Amount
Minimum 1 9 ₹14,562
Maximum 13 117 ₹189,306

CarTrade Tech IPO Review

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...

New CarTrade Tech IPO Recommendation by Members

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CarTrade Tech IPO Subscription Status (Bidding Detail)

The CarTrade Tech IPO is subscribed 20.29 times on Aug 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)
QIB35.45
NII41.00
Retail2.75
Total20.29

CarTrade Tech IPO Prospectus

CarTrade Tech IPO Rating

1794
4.1
Rating:Rated 4.1 stars
Vote Here ...

CarTrade Tech IPO Listing Date

Listing Date Friday, August 20, 2021
BSE Script Code 543333
NSE Symbol CARTRADE
Listing In B Group of Securities
ISIN INE290S01011
IPO Price ₹1618 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹1,618.00
₹1,600.00
₹1,476.00
₹1,610.00
₹1,500.10
NSE
₹1,618.00
₹1,599.80
₹1,475.00
₹1,618.00
₹1,501.05

Company Contact Information

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

Phone: +91 22 6739 8888
Email: investor@cartrade.com
Website: http://www.cartradetech.com/

CarTrade Tech IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: cartrade.ipo@linkintime.co.in
Website: https://linkintime.co.in/

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 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.

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 Aug 9, 2021 and closes on Aug 11, 2021.

CarTrade Tech IPO lot size is 9 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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2550 Comments

1140. mindandmoneyblog.com |   Link |Sep 28, 2021 4:04:46 PM
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 |Sep 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 |Sep 29, 2021 8:19:39 PM
Top Contributor Top Contributor (400+ 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 |Sep 29, 2021 3:37:50 PM
LTP -25% from IPO price.
1138. Have Faith |   Link |Sep 20, 2021 2:57:50 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Neo please explain in simple terms I am still holding 3 lots
1138.4. amukho |   Link |Sep 27, 2021 6:10:45 PM
@Neo, you have explained so beautifully with proper logic. Thank you very much
1138.5. WealthyRam |   Link |Sep 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 |Sep 27, 2021 11:56:14 AM
Any views of experts on Cartrade ??
1137.1. mindandmoneyblog.com |   Link |Sep 27, 2021 5:02:13 PM
Nothing experts can say unless quarterly results are announced.
1136. Jitesh Kalal |   Link |Sep 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. mindandmoneyblog.com |   Link |Sep 13, 2021 6:02:29 PM
Chip shortage causes demand spillover in used car market
https://economictimes.indiatimes.com/industry/auto/cars-uvs/chip-shortage-causes-demand-spillover-in-used-car-market/articleshow/86161037.cms
1134. NeoLongus |   Link |Aug 30, 2021 10:28:43 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ 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 |Sep 20, 2021 10:32:09 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Any veiws on cartrade now trading at 1435
1134.9. NeoLongus |   Link |Sep 20, 2021 2:48:26 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
http://bwdisrupt.businessworld.in/article/CARS24-Raises-450M-Nearly-Doubles-Its-Valuation-To-1-84B/20-09-2021-405214/

http://bwdisrupt.businessworld.in/article/Online-Used-Car-Retailing-Platform-Spinny-Raises-USD-65-Mn-In-Funding-Round/08-04-2021-385975/

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 |Aug 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 |Aug 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 |Aug 27, 2021 9:35:30 PM
If you got allotment, application amount can not be credited to your account
1131. MS ASSOCIATE |   Link |Aug 27, 2021 6:17:19 PM
Aptus Value share price close above issue price
1130. Jitesh Kalal |   Link |Aug 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 |Aug 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 |Aug 27, 2021 1:05:23 PM
CAN ANYBODY HELP , I DIDNT GET ALLOTMENT AND I GOT THE LETTER FROM THE COMPANY ALSO , BUT TILL NOW MY AMOUNT IS STILL BLOCKED. PLEASE GUIDE
1128. Monster Zero |   Link |Aug 26, 2021 7:46:55 PM
IPO Guru IPO Guru (1400+ Posts, 700+ 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 |Aug 26, 2021 11:51:15 PM
Holding all...
1128.2. MintIndian |   Link |Aug 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 |Aug 27, 2021 6:22:32 AM
buy eki share ..eki energy
1126. ajinkya shevate |   Link |Aug 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 |Aug 26, 2021 7:15:08 PM
Top Contributor Top Contributor (400+ Posts, 100+ 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 |Aug 26, 2021 10:12:52 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Rolls Royce samjha tha. Ye bullock cart nikla. 1 lot tha acha kiya bech diya.
1125.1. NavJan |   Link |Aug 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 |Aug 26, 2021 6:41:15 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Hahaha. True that. I get scared everytime when I see it''s share price.😂
1124. Jitesh Kalal |   Link |Aug 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. mindandmoneyblog.com |   Link |Aug 26, 2021 6:02:53 PM
Waiting until at least Diwali quarter. Averaged price @ 1535. Will average again if it falls below 1400.
1124.8. mindandmoneyblog.com |   Link |Aug 26, 2021 6:04:34 PM
@amukho lowest price car trade reached is 1425.
1123. IPO INFORMAR |   Link |Aug 26, 2021 4:30:12 PM
Top Contributor Top Contributor (200+ Posts, 100+ 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 |Aug 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 |Aug 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)".