India’s first online auto classifieds marketplace company CarTrade IPO Open on 9 Aug 2021 and closes on 11 Aug 2021. This will be the first company to step into this market. CarTrade IPO is planning to raise a fund of ₹2998.51 crores from it. CarTrade raised $ 25 million under the leadership of IIFL and Malabar Investment Advisors. After this, the value of the company has reached $ 1 billion.
Talking about big investors in the company, CarTrade.com also has money from several big investors like Temasek, Warburg Pincus, JP Morgan, and March Capital & Epiphany Ventures. CarTrade.com competes in the business with companies such as Droom, Cars24, Quikr, Olx, and Mahindra First Choice Wheels. The founder and CEO of CarTrade.com are Vinay Sanghi. He was the CEO of Mahindra First Choice Wheels from 2000 to 2009.
Let us tell you that CarTrade is one of the major automotive destinations in India. Who provides a platform of reliable tools and services to help consumers make the decision to buy the right car at the right price and from the right partner.
CarTrade IPO Review :
■ Apply Medium Listing gain And Long Term
CarTrade IPO Date & Price Band & Details :
| IPO Open : | 9 August 2021 |
| IPO Close : | 11 August 2021 |
| IPO Size : | ₹2998.51. Cr |
| Face Value : | ₹10 Rs. Equity Share |
| Price Band : | ₹1585–₹1618 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹2998.51. Cr |
| Fresh Issue : | ₹0. Cr |
| Offer For Sale : | ₹2998.51. Cr |
CarTrade IPO Market Lot :
Cartrade IPO Minimum Market lot is 1 Lot with 9 shares with ₹14,560 Application amount. The retail investors can apply up to 13 lots with 117 Shares or ₹189,306 amounts.
| Minimum Lot Size : | 1 Lot |
| Minimum Share : | 9 |
| Minimum Amount : | ₹14,560 |
| Maximum Lot Size : | 13 Lot |
| Maximum shares : | 117 |
| Maximum Amount : | ₹189,306 |
CarTrade IPO Shares Offer :
A total of 18,532,216 shares are to be bid for the public issue by Anand Rathi Wealth IPO with – for Fresh issue and 18,532,216 for an offer for sale Shares.
| Category | Shares Offers | Amount |
|---|---|---|
| Fresh issue : | – | ₹ |
| Offer For Sale : | 18,532,216 | ₹2998.51 |
| Total : | 18,532,216 | ₹2998.51 |
CarTrade IPO Reservation :
Cartrade IPO Total Reservation of 18,532,216 shares are to be bid for the public issue by Cartrade IPO with 92,66,108 for QIB and 27,79,832 for NII 64,86,276 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
|---|---|---|---|
| QIB : | 50 % | 92,66,108 | ₹1499.26 Cr |
| NII : | 15 % | 27,79,832 | ₹449.78 Cr |
| RII : | 35 % | 64,86,276 | ₹1049.47 Cr |
| EMP : | – % | – | ₹ |
| Total : | 100 % | 12,354,811 | ₹2998.51 Cr |
CarTrade IPO Dates :
Cartrade IPO Date is 9 Aug 2021 and closes on 11 Aug 2021. The allotment will be finalized on 17 August 2021 and the IPO may list on 20 August 2021.
| Open Date : | 9 August 2021 |
| Close Date : | 11 August 2021 |
| Allotment Date : | 17 August 2021 |
| Refund Date : | 18 August 2021 |
| Share Credit Date : | 18 August 2021 |
| Listing Date : | 20 August 2021 |
CarTrade IPO Form :
There are two ways to apply in CarTrade IPO. You can apply for CarTrade IPO through ASBA available in your bank account. You have to go to your online bank login and select CarTrade IPO in the Invest section and apply through your bank account. Another option is you can apply CarTrade IPO through IPO form download through NSE and BSE. See the CarTrade IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
CarTrade Company Financial Report (Cr) :
| Year | Revenue | Expense | P&L |
| 2021-9M | ₹1896.05 | ₹1620.75 | ₹850.53 |
| 2020 | ₹3,184.45 | ₹2,795.30 | ₹312.94 |
| 2019 | ₹2,668.05 | ₹2,313.74 | ₹259.17 |
| 2018 | ₹1,495.29 | ₹1,524.68 | ₹68.83 |
About CarTrade Company
Our Company was incorporated as ‘Kaymo Fastener Company Private Limited’ on April 28, 2000, at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, and was granted the certificate of incorporation by the Registrar of Companies, Maharashtra at Mumbai (“RoC”). The name of our Company was subsequently changed to ‘MXC Solutions India Private Limited’ pursuant to a special resolution passed by our Shareholders at the EGM held on July 31, 2009, and a fresh certificate of incorporation was issued by the RoC on August 12, 2009.
The name of our Company was thereafter changed to ‘CarTrade Tech Private Limited’, pursuant to a special resolution passed by our Shareholders at the EGM held on March 31, 2021, and a fresh certificate of incorporation was issued by the RoC on April 20, 2021. Our Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by our Shareholders at the EGM held on April 29, 2021, and the name of our Company was changed to ‘CarTrade Tech Limited’. Consequently, a fresh certificate of incorporation was issued by the RoC on May 12, 2021.
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Our platforms, CarWale and BikeWale, ranked number one on relative online search popularity when compared to their key competitors over the period from April 2020 to March 2021, while Shriram Automall is a leading used vehicle auction platform based on the number of vehicles listed for auction for the financial year 2020 Among our key competitors, we were the only and most profitable automotive digital platform.
We are a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Our platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and AutoBiz. Through these platforms, we enable new and used automobile customers, vehicle dealerships, vehicle OEMs, and other businesses to buy and sell their vehicles in a simple and efficient manner. Our vision is to create an automotive digital ecosystem that connects automobile customers, OEMs, dealers, banks, insurance companies, and other stakeholders. The automotive ecosystem is highly fragmented and complex.
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The process of buying vehicles requires buyers to go through several channels and numerous stages. The multiplicity of transactions creates potential inefficiencies and can negatively affect the margins of the seller that can be achieved on the sale of a vehicle. Collectively, the inefficiencies in the ecosystem highlight the opportunity for an online automotive marketplace to bring together and match the right vehicle buyers and vehicle sellers on a single platform. Accordingly, there has been a constant move towards online automotive portals, and the total addressable market for online automotive portals in India was estimated at US$ 14.4 billion in the financial year 2020.
Our Company Strengths
- Leading Marketplace for Automotive Sales with a Synergistic Ecosystem.
- Strong Brands and Superior Customer ExperienceDriving Powerful Network Effects.
- Proprietary End-to-End Technology Platforms.
- Focus on Data Science to Provide Superior Solutions.
- Profitable and Scalable Business Model.
- Founder-led Management Team.
Company Promoters :
■ Vinay Vinod Sanghi
CarTrade Board of Directors
| Name | Designation |
| Vinay Vinod Sanghi | Chairman, Managing Director and Chief Executive Officer |
| Aneesha Menon | Executive Director and ChiefFinancial Officer |
| Victor Anthony Perry III | Non-Executive Director |
| Kishori Jayendra Udeshi | Independent Director |
| Vivek Gul Asrani | Independent Director |
| Lakshminarayanan Subramanian | Additional Independent Director |
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
CarTrade IPO Lead Managers :
■ Axis Capital Limited
■ Citigroup Global Markets India Private Limited
■ Kotak Mahindra Capital Company Limited
■ Nomura Financial Advisory and Securities (India)
Private Limited
CarTrade IPO Registrar :
Link Intime India Private Limited
C-101, 247 Park, 1st Floor
L.B.S Marg
Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check CarTrade IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
CarTrade Tech Limited
12thFloor, Vishwaroop IT Park
Sector 30A, Vashi Navi Mumbai
400705 Maharashtra
India
Tel: +91 22 6739 8888
E-mail:[email protected]
Website: www.cartradetech.com
CarTrade IPO FAQs :
What is CarTrade IPO?
CarTrade IPO is Mainboard IPO. They are going to raise ₹2998.51. Crores via IPO. The issue is priced at ₹1585-₹1618 per equity share. The IPO is to be listed on NSE, BSE.
When CarTrade IPO will open?
The IPO is to open on 9 August 2021 for QIB, NII & RII.
What is CarTrade IPO Size?
CarTrade IPO size is ₹2998.51 Crores.
What is the Fresh issue size of the CarTrade IPO?
The Fresh issue size of CarTrade IPO is ₹0 Cr.
What is the Offer For Sale size of CarTrade IPO?
The Offer For Sale size of CarTrade IPO ₹2998.51 Cr.
What is CarTrade IPO Price Band?
CarTrade IPO Price Band is ₹1585-₹1618 Per share.
What is CarTrade IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot 9 Shares with ₹14,562 amount while the maximum bid is 13 Lot 117 shares with ₹189,306.
What is CarTrade IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, RII 35%.
What is the CarTrade IPO Allotment Date?
CarTrade IPO allotment date is 17 August 2021.
What is the CarTrade IPO Listing Date?
CarTrade’s IPO listing date is 20 August 2021. The IPO to list on NSE, BSE.
How to Apply the CarTrade IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “CarTrade IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the CarTrade IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “CarTrade IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the CarTrade IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “CarTrade IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the CarTrade IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “CarTrade IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| CarTrade IPO GMP: Click Here CarTrade IPO Subscription: Click Here CarTrade IPO Allotment: Click Here CarTrade IPO Listing: Click Here |
All CarTrade IPO-related links are available here. If you want to know the details then click on Click Here Link.
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