CarTrade Tech Ltd. IPO

CarTrade Tech Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹1,618

Issue Price

Listing Price

₹1,600

Listing Price

Listing Gains

-₹18.00 (-1.11%)

Listing Gains

IPO Details

Bidding Dates

09 Aug - 11 Aug '21

Bidding Dates

Min. Investment

₹14,265

Min. Investment

Lot Size

9.00

Lot Size

Price Range

₹1585 - ₹1618

Price Range

Issue Size

2,937 Cr

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

Subscription Rate - CarTrade Tech Ltd. IPO

  • Retail Individual Investor
    2.74x
  • Non-Institutional Investor
    41.00x
  • Qualified Institutional Buyers
    35.45x
  • Employees
    0.00x


About CarTrade Tech Ltd. IPO

Having been incorporated at the dawn of the 21st century (i.e., in 2000), CarTrade Tech Ltd serves as a platform offering multiple channels for the auto-world. It has a number of brands under its belt that include Shriram Automall, BikeWale, CarWale, AutoBiz and CarTrade Exchange among others. With the CarTrade platform it is possible for new and old automobile customers to connect with one another as well as with vehicle OEMs, vehicle dealers and additional businesses. Connections forged can allow for the sale and purchase of a wide range of vehicles. There exist a wide range of offerings that customers of CarTrade can use to buy, sell, market or finance their vehicles

CarTrade Tech Ltd. IPO Latest News and Subscription Status Today (Live)

CarTrade Tech Ltd. IPO Latest News and Subscription Status Today (Live)

CarTrade Tech IPO details are as follows.

The CarTrade Tech IPO dates fell between August 9, 2021 and August 11, 2021.

The CarTrade Tech IPO share price for each individual share fell in the range of INR 1585 to INR 1618.

The market lot size of this IPO amounted to 9 shares. Retail individual investors were entitled to apply for up to 9 lots. The allotment date of the IPO shares was August 17, 2021 while the initiation of refunds was slated for August 18, 2021.


Why should you invest in CarTrade Tech Ltd. IPO?

CarTrade Tech’s IPO makes for a viable investment as it’s a leading platform that fosters the sale of automobiles by making use of a synergistic system. The business model it employs is profitable and can be scaled. Its profit after tax as of March 31, 2021, amounted to INR 1010.74 million, which is way more than what it was on March 31, 2020 (INR 312.94 million) indicating its vast potential for success.


SWOT Analysis - CarTrade Tech Ltd. IPO

Strengths:


The company is recognized as a trusted platform via which buyers and sellers can come into contact with one another.

The customer experience has been shown to be superior, owing to which the network effects are favourable.

The company makes use of propriety end-to-end technologies.

Its focus on data science allows it to offer its customers superior solutions.

The business model employed by CarTrade Tech is profitable as well as scalable.

Weaknesses:

The COVID-19 pandemic has continued to adversely impact the automobile industry in general, which has, in turn, impacted the company.

Owing to the general decline in individuals owning cars, there has been a decline in the demand for certain vehicles. This has impacted CarTrade Tech.

Opportunities:

With an IPO, CarTrade Tech can achieve the benefits associated with listing its equity shares on the Bombay Stock Exchange and the National Stock Exchange.

Threats:

The fraudulent behavior of sellers and purchasers of second-hand vehicles featured on the CarTrade Tech platforms can be majorly detrimental to the company’s image.

The company has been unable to acquire, use or maintain its domains or its trademarks.

There exists a hike in competition with the realm of digital automotive platforms.



How to apply for CarTrade Tech Ltd. IPO?

You can apply for the CarTrade Tech Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an CarTrade Tech Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.

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Frequently Asked Questions (FAQs) - CarTrade Tech Ltd. IPO

What was the share price of the CarTrade Tech IPO?

The CarTrade Tech IPO price fell in the range of INR 1585 to INR 1618 per equity share.

What are CarTrade Tech IPO details pertaining to the dates of said IPO?

The CarTrade Tech IPO dates fell between August 9 and August 11, 2021.

What was the issue size of the CarTrade Tech IPO?

The issue size of the CarTrade Tech IPO was INR 2998.51 Crores.

What was the subscription rate of the CarTrade Tech IPO?

The subscription rate for the CarTrade Tech IPO was as follows.

The retail individual investor category subscribed 2.75 times.

The non-institutional investor category subscribed 41 times.

The qualified institutional buyer category subscribed 35.45 times.

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