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CarTrade Tech Ipo Gmp

  

CarTrade Tech Limited IPO Details

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Let’s have a detailed review of the company and analytics of the CarTrade Tech IPO release date, IPO offer price, subscription, CarTrade Tech IPO allotment, CarTrade Tech ipo grey market premium, and other details like the company’s background,  financial positions of CarTrade Tech Ipo, its promoters, and other related things. 

    About CarTrade Tech Company:-

    CarTrade Tech Ltd. a new Generation business Founded by Vinay Sanghi, Incorporated in 2000 is leading, 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. 

    In the three months ended 30 June 2021, its consumer platforms, CarWale, CarTrade and BikeWale collectively had an average of 27.11 million unique visitors per month, with 88.14% being organic visitors.

    Promoters Of CarTrade Tech :-

    CarTrade Tech is a professionally managed company with no identifiable promoters.

    Financials Of CarTrade Tech :-

    Particulars Financials {Fig. in Millions}
    31 March 201931 March 202031 March 2021
    Total Assets14,270.9414,704.0619,301.99
    Total Revenue2,668.053,184.452,815.23
    Total Expenses2,313.742,795.302,345.47
    Profit After Tax259.17312.941,010.74
    EPS4.315.6522.06

    Financials Ratios :- 

    PE Ratio - 22.06 on the basis of march 2021
    Sector PE - 

    Peers of CarTrade Tech IPO :-

    There are no listed companies in India that engage in a business similar to that Company.

    CarTrade Tech Ipo Details :-

    IPO Opening Date9 Aug. 2021
    IPO Closing Date11 Aug. 2021
    Face Value₹10 per equity share
    IPO Price₹1585 to ₹1618 per equity share
    Min. Order Quantity  9 Shares
    Issue Size₹2,998.51 Cr
    Fresh Issue--
    Offer for Sale₹2,998.51 Cr
    Listing AtBSE NSE

    Shares Offered to :-

      QIB   50%  
    NII15%
    RII35%

    Objectives Of Ipo :-

    The net proceeds from the IPO will be utilized towards the following purposes. 
    1. To carry out an offer for sale.
    2. To achieve the benefits of listing the Equity Shares on the stock exchanges.

    Ipo Timeline :-

    Ipo Dates 9- 11 Aug 21
    Allotment Date 17 Aug 21
    Initiation of Refunds18 Aug 21
    Credit of Share to Demat Account  20 Aug 21
    Ipo Listing Date23 Aug21

    CarTrade Tech Ipo Grey Market Premium :-

    On 7 August 2021 - ₹ 

    CarTrade Tech IPO Registrar :-

    Link Intime India Private Ltd. 

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