Bookbuilding IPO | ₹2,999 Cr | Listed at BSE, NSE | Mon, Aug 9, 2021 - Wed, Aug 11, 2021
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 ₹1,618 per share. The lot size for an application is 9. The minimum amount of investment required by an retail is ₹14,562 (9 shares) (based on upper price). 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 Open
Mon, Aug 9, 2021
IPO Close
Wed, Aug 11, 2021
Issue Price
₹1618 per share
Market Cap (Pre-IPO)
₹7,415.95 Cr
| IPO Date | 9 to 11 Aug, 2021 |
| Listed on | Fri, Aug 20, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹1585 to ₹1618 |
| Issue Price | ₹1618 per share |
| Lot Size | 9 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,85,32,216 shares (agg. up to ₹2,999 Cr) |
| Offer for Sale | 1,85,32,216 shares of ₹10 (agg. up to ₹2,999 Cr) |
| Share Holding Pre Issue | 4,58,34,067 shares |
| Share Holding Post Issue | 4,58,34,067 shares |
| BSE Script Code / NSE Symbol | 543333 / CARTRADE |
| ISIN | INE290S01011 |
CarTrade Tech IPO comprises a total issue size of 1,85,32,216 shares. Out of which, 92,66,107 (50.00%) are allocated to QIB, 27,79,833 (15.00%) allocated to NII 64,86,276 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 9 shares and in multiples thereof.
| 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 |
CarTrade Tech IPO raises ₹899.55 crore from anchor investors. CarTrade Tech IPO Anchor bid date is August 6, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Aug 6, 2021 |
| Shares Offered | 55,59,664 |
| Anchor Portion (₹ Cr.) | 899.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Sep 16, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Nov 15, 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
| Period Ended |
|---|
| Amount in ₹ Crore |
The CarTrade Tech IPO is subscribed 20.29 times on August 11, 2021 5:01:00 PM (Day 3). The public issue subscribed 2.75 times in the retail category, 35.45 times in the QIB category, and 41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 35.45 | 37,06,443 | 13,13,88,732 |
| NII | 41 | 27,79,833 | 11,39,70,366 |
| Retail | 2.75 | 64,86,276 | 1,78,15,725 |
| Total | 20.29 | 1,29,72,552 | 26,31,74,823 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage and selling commission) | 70.77 |
| 2 | Selling commission/processing fee for SCSBs and Banker to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs using UPI. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs. | 6.28 |
| 3 | Fees payable to the Registrar to the Offer | 0.22 |
| 4 | Fees payable to the other advisors to the Offer | |
| 5 | Others | 3.40 |
| 6 | Listing fees, SEBI filing fees, upload fees, Stock Exchanges processing fees, book building software fees and other regulatory expenses | 9.23 |
| 7 | Printing and stationery | 2.01 |
| 8 | Advertising and marketing expenses | 3.82 |
| 9 | Fee payable to legal counsels | 5.59 |
| 10 | Auditor (including current, predecessor and component auditor) | 2.42 |
| 11 | Miscellaneous | 3.21 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,618.00 | ₹1,618.00 |
| Open | ₹1,600.00 | ₹1,599.80 |
| Low | ₹1,476.00 | ₹1,475.00 |
| High | ₹1,610.00 | ₹1,618.00 |
| Last Trade | ₹1,500.10 | ₹1,501.05 |
CarTrade Tech IPO is a main-board IPO of 1,85,32,216 equity shares of the face value of ₹10 aggregating up to ₹2,999 Crores. The issue is priced at ₹1618 per share. The minimum order quantity is 9.
The IPO opens on Mon, Aug 9, 2021, and closes on Wed, Aug 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 Mon, Aug 9, 2021 and closes on Wed, Aug 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 Fri, Aug 20, 2021. Check the CarTrade Tech IPO allotment status.
The CarTrade Tech IPO listing date is on Fri, Aug 20, 2021.
