CarTrade IPO GMP Today, Share Price, Allotment Status, Dates

CarTrade IPO GMP Today, Share Price, Allotment Status, Dates, Listing can be checked here. Get CarTrade IPO Gray Market Price from here. CarTrade IPO is now available and you can apply for this starting from today (9th August 2021) and last date for the application will stand at 11th August 2021.

CarTrade IPO

CarTrade will start accepting subscriptions for its IPO on August 09, 2021 till August 11, 2021. Initially, 18532,216 stock shares will be offered for sale as part of the initial share sale. According to the price band, the IPO could generate Rs 2,998.51 crore at the highest end. Shares of the company will be offered between Rs 1585 and 1618 each.

We are going to list down various details on CarTrade IPO GMP, Allotment dates, status and listing on this page. Below is the table to get you aware of the latest details on Car Trade IPO GMP today.

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Cartrade IPO GMP Today

Public Issue  Initial Public offer of 18,532,216 Equity Shares of Rs. 10 and an Offer for Sale of up to 18,532,216 equity shares
Issue Open Date  NA
Issue Close Date NA
Issue Type  Book Built
IPO Price Band  Rs 1585 – Rs 1618
Face Value Rs 10
Market Lot  9 Equity Shares and in multiples thereof
Minimum Order Quantity  9 Equity Shares
Maximum Subscription Amount for Retail Investor  Rs. 2,00,000
Listing  NSE, BSE
IPO Market Timings  10.00 a.m. to 5.00 p.m.

What is CarTrade?

  • CarTrade Tech Ltd was founded in 2000. It offers multi-channel auto platforms. Various brands are operated by the company.
  • It provides a platform that assists customers and dealers in purchasing and selling a wide variety of vehicles.
  • They offer a range of automotive solutions, such as purchasing, selling, marketing, and financing.

Cartrade IPO GMP

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CarTrade IPO Features

  • Synergistic Automotive Sales Platform.
  • Manage multiple brands
  • Services that cover a range of needs
  • Scalable and profitable business model.

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Car Trade IPO in Details

IPO Dates

During the week of August 9-11, CarTrade Tech will be accepting bids for its public IPO.

Price of the IPO

A price range of Rs 1,585 – 1,618 has been set for the offer.

Fund Raising and Objectives

A price range of Rs 1,618 per share is the upper limit of the company’s plan to raise Rs 2,998.51 crore through its offer.

Despite the fact that it is a complete market offer for sale, the company will not receive any proceeds from it.

Public issue

IPO is a full offering by the selling shareholders to sell 1,85,32,216 equity shares.

Lot Size and For Investors

The minimum number of equity shares buyers can purchase is nine, and multiples of nine equity shares are allowed after that.

CarTrade IPO Share Price and Investment

Retail investors are required to invest a minimum of Rs 14,562 per lot in the offering. In the IPOs, retail investors are restricted to investing a maximum of Rs 2 lakh. Therefore, the maximum would be Rs 1,89,306 for 13 lots.

Institutional buyers have been allocated half of the offer, non-institutional bidders are allocated 15 percent, and retail investors are allocated 35 percent.

Is Cartrade Trustable? Company’s History and Stats

CarTrade is a cross-channel auto platform with services and coverage spanning multiple vehicle categories. Numerous brands have been created by it.

Customers, OEMs, and dealers can buy and sell vehicles through the company’s online buying and selling platforms in a simple and convenient way.

This company aims to create a digital ecosystem integrated with the automotive industry that links all the automobile customers at dealers at one place.

In a comparison of their key competitors over the period of April 2020 to March 2021, CarWale and BikeWale have ranked number one in terms of relative search popularity online.

As far as number of auctioned vehicles are concerned, Shriram Automall is among the leading used vehicle auction platforms.

From FY19 on, it is the only automotive digital platform that has been profitable.

A combined 27.11 million unique visitors per month were registered on its consumer platforms CarWale, CarTrade and BikeWale within the three months ended June 2021, with 88.14 percent coming from organic sources.

A three minute and seven second average time per visit to the CarWale website for the three months ending June 30, 2021 indicates the company’s commitment to providing a superior consumer experience.

They offer a variety of automotive solutions including marketing, buying, selling, financing, and leasing of new and used cars, two-wheelers, etc.

The company believes its diverse and large user base across all platforms creates a network effect in businesses that provides value to both buyers and sellers.

Car Trade Company’s Strengths

  1. An automotive marketplace with a synergistic ecosystem, it plays an important role in the automotive industry.
  2. powerful set of network effects is driving brand loyalty and customer experience among automotive dealers
  3. Through its in-house technology platforms, the company offers customers a seamless experience.
  4. It provides its customers with customized solutions based on proprietary algorithms and data science.
  5. A scalable business model based on profitable assets.
  6. It is led by Vinay Vinod Sanghi, a talented manager with significant industry experience.

Financials and Peer Comparison

A CAGR of 1.3 percent was recorded by CarTrade Tech’s revenue between FY19 and FY21, and a CAGR of 15.5 percent was recorded by its EBITDA. In FY19-FY21, profits increased by 133.8 percent.

Several business streams generate revenue for the company, including primarily fees and commissions from used vehicle auctions and remarketing.

The company offers platform-based advertising as well as lead generation, infrastructure-based services, inspection, and valuation.

CarTrade IPO Allotment And Refunds

On August 17, CarTrade Tech will finalize the IPO share allotments and refund the IPO funds on August 18, after the Issue is closed on August 11.

Trading in equity shares will begin with effect from August 23, when equity shares will be credited to eligible investors’ Demat accounts.

BSE and the National Stock Exchange will list equity shares.

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