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
Table of Contents
- 1 CarTrade IPO
- 2 CarTrade Tech Limited IPO Details
- 3 CarTrade IPO Timetable
- 4 How To Apply CarTrade IPO Form?
- 5 CarTrade IPO Date & Price Band
- 6 CarTrade IPO Lot Size
- 7 CarTrade IPO Date, Allotment & Listing
- 8 About CarTrade Tech Limited
- 9 CarTrade Company Financial Report
- 10 Company Promoters:
- 11 CarTrade IPO Registrar
- 12 CarTrade IPO Lead Manager(s)
- 13 Company Contact Information
- 14 FAQ of CarTrade IPO:
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.
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 Article | CarTrade IPO |
| IPO Date | Aug 9, 2021, to Aug 11, 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 18,532,216 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
| Fresh Issue | |
| Offer for Sale | 18,532,216 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 IPO Timetable
| Event | Dates |
| IPO Opening Date | Aug 9, 2021 |
| IPO Closing Date | Aug 11, 2021 |
| Finalization Date of Basis of Allotment | Aug 17, 2021 |
| Initiation of Refunds | Aug 18, 2021 |
| The credit of Shares to Demat Acct | Aug 20, 2021 |
| IPO Shares Listing Date | Aug 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 Open | 04 August 2021 |
| IPO Close | 11 August 2021 |
| IPO Size | Approx ₹2000 Crores |
| Fresh Issue | Approx ₹0 Crores |
| Offer for Sale | Approx ₹2000 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹- to ₹- Per Share |
| Listing on | BSE & NSE |
| Retail Portion | 35% |
| Equity | 18,532,216 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 Announcement | August 2021 |
| Anchor Investors Allotment | 06 August 2021 |
| IPO Open Date | 09 August 2021 |
| IPO Close Date | 11 August 2021 |
| Basis of Allotment | 17 August 2021 |
| Refunds | 18 August 2021 |
| Credit to Demat Account | 20 August 2021 |
| IPO Listing Date | 23 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.
| Particulars | For the year/period ended (₹ in million) | |||
|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 18,820.23 | 14,704.06 | 14,270.94 | 13,570.82 |
| Total Revenue | 1,896.05 | 3,184.45 | 2,668.05 | 1,495.29 |
| Profit After Tax | 850.53 | 312.94 | 259.17 | (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: cartrade.ipo@linkintime.co.in
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: investor@cartrade.com
Website: http://www.cartradetech.com/
FAQ of CarTrade IPO:
The issue size of the Car Trade Tech Limited IPO is an offer for sale of Rs.1,23,54,811 equity shares.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
CarTrade Tech’s Initial Public Offer (IPO) will open for subscription on August 9 and close on August 11.
The investors’ portion for QIB 50%, NII 15%, and Retail 35%.
CarTrade IPO size is ₹2000 crores. The IPO comprises no fresh issue but only offer for sale of 18,532,216 equity shares.
CarTrade IPO Price Band is ₹- to ₹- per equity share.
CarTrade IPO will open for subscription on Aug 4, 2021 and closes on Aug 6, 2021.
The minimum bid is – Shares with ₹- amount while maximum bid is – shares with ₹-.
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.
CarTrade IPO allotment date is 17 August 2021.
CarTrade IPO listing date is 23 August 2021. The IPO to list on BSE and NSE.