CarTrade Tech’s IPO opens for subscription on 9th August. The entire public offer is an offer for sale from existing shareholders. The company will be issuing 1.85 crore equity shares aggregating up to Rs. 3000 crores.
About the company:
CarTrade Tech is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and AutoBiz. Through which it offers a variety of solutions across the automotive transaction value chain for marketing, buying, selling, and financing new and pre-owned cars, two-wheelers as well as pre-owned commercial vehicles, and farm and construction equipment.
Financial Snapshot:
| Financial Year Ended | Revenue (₹ Crores) | PAT (₹ Crores) | EPS (₹) |
|---|---|---|---|
| March 2019 | 266.81 | 25.92 | 3.87 |
| March 2020 | 318.45 | 31.29 | 5.07 |
| March 2021 | 281.52 | 101.07 | 19.19 |
For more information, you can refer to the IPO Prospectus filed by the company.
IPO Details:
| Issue Period | 9th August 2021 to 11th August 2021 |
| Price Range | ₹ 1585 to 1618 |
| Minimum Bid Quantity | 9 and in multiples thereof |
| Finalisation of Allotment | 17th August 2021 |
| Initiation of Refunds | 18th August 2021 |
| Credit of Shares | 20th August 2021 |
| Listing Date | 20th August 2021 |
| Mandate | 30th August 2021 |
How do I apply to the CarTrade Tech IPO?
You can apply for the CarTrade Tech IPO using any supported UPI app by following two steps:
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Enter your bid on Console
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Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check CarTrade Tech IPO Allotment Status?
You can check the allotment status for the CarTrade Tech IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website. The tentative date of allotment is 17th August 2021.
