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CarTrade IPO: Date, Review, Price, Apply Form, Lot Size, Listing Date

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Short Info: CarTrade IPO: Date, Review, Price, Apply | CarTrade Tech Limited IPO Date Zerodha Chittorgarh | CarTrade IPO Price Range, Issue date, Price Band, Timetable, Retail Quota, Share Price Expected and Subscribe at Official Website www.nseindia.com & www.bseindia.com.

Table of Content

CarTrade IPO

Multi-channel auto platform CarTrade Tech will launch its initial public offering for subscription on August 9, 2021. The issue will close on August 11. Anchor book, if any, will be opened for a day on August 6, a day before issue opening.

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The IPO will offer up to 12,354,811 equity shares of face value of Rs 10. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Check out more about CarTrade including business glance, financial performance, GMP, live subscription, allotment, and recommendations.

CarTrade Tech Limited IPO Details

Name of ArticleCarTrade IPO
IPO DateAug 9, 2021, to Aug 11, 2021
Issue TypeBook Built Issue IPO 
Issue Size18,532,216 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Fresh Issue
Offer for Sale18,532,216 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 per equity share
IPO Price[.] to [.] per equity share
Market Lot
Min Order Quantity
Listing At BSE, NSE
CarTrade Tech Limited IPO Information

CarTrade IPO Timetable

EventDates
IPO Opening DateAug 9, 2021
IPO Closing DateAug 11, 2021
Finalization Date of Basis of AllotmentAug 17, 2021
Initiation of RefundsAug 18, 2021
The credit of Shares to Demat AcctAug 20, 2021
IPO Shares Listing DateAug 23, 2021

How To Apply CarTrade IPO Form?

The company plans to raise approximately Rs. 2,000 crore through this offer and the IPO will be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The company’s promoters plan to make an offer for sale (OFS) for 12,354,811 equity shares with a face value of Rs. 10 each. There is no fresh equity of shares, only an OFS in the issue.

You can apply in CarTrade 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.

Check here read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank. The other option you can apply CarTrade IPO via IPO forms download via NSE and BSE. Check out the CarTrade forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

How to apply for IPO online and the IPO application process. Here is what you need to know when you apply for an IPO of a company.

How to invest in CarTrade IPO using Zerodha app

  • Login to Zerodha Kite console.
  • Go to IPO section in Portfolio
  • Choose the IPO you want to apply for from the list.
  • Enter the UPI ID, bid details like price and quantity.
  • Now hit submit.

How to invest in CarTrade IPO using ICICI Direct app

  • Login to ICICIdirect.com.
  • Go to the IPO section in Trade & Invest.
  • Fill the bid details like price and quantity.
  • And hit submit once confirm the details.

How to invest in CarTrade IPO using Angel Broking app

  • Log in to Angel Broking apps
  • Hit on ‘More’ on the top menu.
  • Click on ‘IPO’ from the dropdown.
  • Select the CarTrade IPO and click the ‘Apply’ button.
  • Enter UPI ID, investor type, order quantity and price.
  • Click ‘Apply’ to place the IPO order

CarTrade IPO Date & Price Band

IPO Open04 August 2021
IPO Close11 August 2021
IPO SizeApprox ₹2000 Crores
Fresh IssueApprox ₹0 Crores
Offer for SaleApprox ₹2000 Crores
Face Value ₹10 Per Equity Share
Price Band ₹- to ₹- Per Share
Listing onBSE & NSE
Retail Portion35%
Equity18,532,216 Shares
Discount ₹ Per Equity Shares

CarTrade IPO Lot Size

 Minimum Lot Size:Minimum Shares
 Minimum Amount:₹—
 Maximum Lot Size:Maximum Shares
 Maximum Amount:₹—

CarTrade IPO Date, Allotment & Listing

Price Band AnnouncementAugust 2021
Anchor Investors Allotment06 August 2021
IPO Open Date09 August 2021
IPO Close Date11 August 2021
Basis of Allotment17 August 2021
Refunds18 August 2021
Credit to Demat Account20 August 2021
IPO Listing Date23 August 2021

About CarTrade Tech Limited

CarTrade is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Its platforms operate under several brands – CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz.

Through these platforms, the company enables new and used automobile customers, vehicle dealerships, vehicle original equipment manufacturers (OEMs) and other businesses to buy and sell their vehicles in a simple and efficient manner.

Its vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.

Competitive Strengths

  • Leading marketplace for automotive sales with a synergistic ecosystem.
  • Trusted brands for automotive buyers and sellers and offers a superior customer experience that drives powerful network effects.
  • Proprietary end-to-end technology platforms
  • Profitable and scalable business model.
  • Remove Increase in competition among automotive digital platforms.

CarTrade Company Financial Report

The company describes itself as “India’s number one online auto portal” for both cars and two-wheelers,  based on relative online search popularity in FY 2021.

Online auto platforms match buyers and sellers on a single platform efficiently and at scale. In the three months ended March 31, 2021, CarTrade platforms had an average of 31.99 million unique visitors per month and 814,316 vehicles were listed for auction in FY 2021, according to its IPO papers filed with SEBI.

ParticularsFor the year/period ended (₹ in million)
31-Dec-2031-Mar-2031-Mar-1931-Mar-18
Total Assets18,820.2314,704.0614,270.9413,570.82
Total Revenue1,896.053,184.452,668.051,495.29
Profit After Tax850.53312.94259.17(68.83)

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.

Company Promoters:

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

CarTrade IPO Registrar

  • Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai – 400083
  • Phone: +91-22-4918 6270
    Email: [email protected]
    Website: http://www.linkintime.co.in

CarTrade IPO Lead Manager(s)

  • Axis Capital Limited
  • Citigroup Global Markets India Private Limited
  • Kotak Mahindra Capital Company Limited
  • Nomura Financial Advisory And Securities (India) Pvt Ltd

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: [email protected]
    Website: http://www.cartradetech.com/

FAQ of CarTrade IPO:

What is the CarTrade Ltd. IPO?

The issue size of the Car Trade Tech Limited IPO is an offer for sale of Rs.1,23,54,811 equity shares.

Who is the registrar of CarTrade Ltd. IPO?

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

What are the open and close dates of the CarTrade Ltd. IPO?

CarTrade Tech’s Initial Public Offer (IPO) will open for subscription on August 9 and close on August 11. 

What is CarTrade IPO Investors Portion?

The investors’ portion for QIB 50%NII 15%, and Retail 35%.

What is the issue size of CarTrade IPO?

CarTrade IPO size is ₹2000 crores. The IPO comprises no fresh issue but only offer for sale of 18,532,216 equity shares.

What is CarTrade IPO Price Band?

CarTrade IPO Price Band is ₹- to ₹- per equity share.

When will the CarTrade IPO open for subscription?

CarTrade IPO will open for subscription on Aug 4, 2021 and closes on Aug 6, 2021.

What is the lot size and minimum order quantity of the CarTrade Ltd. IPO?

The minimum bid is – Shares with ₹- amount while maximum bid is – shares with ₹-.

How to check CarTrade IPO Allotment Status?

Those who would bid for the issue can check the subscription status on the online portal of Link Intime India Private, the registrar to the IPO.

When CarTrade IPO allotment?

CarTrade IPO allotment date is 17 August 2021.

When is the CarTrade IPO listing date?

CarTrade IPO listing date is 23 August 2021. The IPO to list on BSE and NSE.

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