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CarTrade Tech IPO is a book build issue of ₹2,998.51 crores. The issue is entirely an offer for sale of 1.85 crore shares of ₹2,998.51 crore.
CarTrade Tech IPO bidding started from Aug 9, 2021 and ended on Aug 11, 2021. The allotment for CarTrade Tech IPO was finalized on Aug 17, 2021. The shares got listed on BSE, NSE on Aug 20, 2021.
CarTrade Tech IPO price band is set at ₹1618.00 per share . The lot size for an application is 9. The minimum amount of investment required by an retail is ₹14,265 (9 shares). The lot size investment for sNII is 14 lots (126 shares), amounting to ₹2,03,868, and for bNII, it is 69 lots (621 shares), amounting to ₹10,04,778.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to CarTrade Tech IPO RHP for detailed Information.
| IPO Date | August 9, 2021 to August 11, 2021 |
| Listing Date | August 20, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹1585 to ₹1618 per share |
| Issue Price Final | ₹1618 per share |
| Lot Size | 9 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,85,32,216 shares (aggregating up to ₹2,998.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,58,34,067 shares |
| Share Holding Post Issue | 4,58,34,067 shares |
CarTrade Tech IPO offers total 1,85,32,216 shares. Out of which 92,66,107 (50.00%) allocated to QIB, 37,06,443 (20.00%) allocated to QIB, 27,79,833 (15.00%) allocated to NII, 64,86,276 (35.00%) allocated to RII and 55,59,664 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 92,66,107 (50.00%) | NA |
| − Anchor Investor Shares Offered | 55,59,664 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 37,06,443 (20.00%) | NA |
| NII (HNI) Shares Offered | 27,79,833 (15.00%) | NA |
| Retail Shares Offered | 64,86,276 (35.00%) | 7,20,697 |
| Total Shares Offered | 1,85,32,216 (100.00%) |
CarTrade Tech IPO opens on August 9, 2021, and closes on August 11, 2021.
| IPO Open Date | Mon, Aug 9, 2021 |
| IPO Close Date | Wed, Aug 11, 2021 |
| Tentative Allotment | Tue, Aug 17, 2021 |
| Initiation of Refunds | Wed, Aug 18, 2021 |
| Credit of Shares to Demat | Fri, Aug 20, 2021 |
| Tentative Listing Date | Fri, Aug 20, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 11, 2021 |
Investors can bid for a minimum of 9 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹14,562 |
| Retail (Max) | 13 | 117 | ₹1,89,306 |
| S-HNI (Min) | 14 | 126 | ₹2,03,868 |
| S-HNI (Max) | 68 | 612 | ₹9,90,216 |
| B-HNI (Min) | 69 | 621 | ₹10,04,778 |
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
| 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 | ||
[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...
| Listing Date | August 20, 2021 |
| BSE Script Code | 543333 |
| NSE Symbol | CARTRADE |
| ISIN | INE290S01011 |
| Final Issue Price | ₹1618 per share |
| BSE Listing Group | B |
CarTrade Tech Ltd.
12th Floor, Vishwaroop IT Park, Sector 30A
Vashi, Navi Mumbai 400 705, Maharashtra, India
Mumbai, Maharashtra
Phone: +91 22 6739 8888
Email: investor@cartrade.com
Website: http://www.cartradetech.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cartrade.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
CarTrade Tech IPO is a main-board IPO of 1,85,32,216 equity shares of the face value of ₹10 aggregating up to ₹2,998.51 Crores. The issue is priced at ₹1618 per share. The minimum order quantity is 9.
The IPO opens on August 9, 2021, and closes on August 11, 2021.
MUFG Intime India Pvt.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
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, and the minimum amount required for application is ₹14,562.
You can apply in CarTrade Tech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Friday, August 20, 2021.
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