CarTrade IPO will be open Date 9 Aug 2021 and closes on 11 Aug 2021. CarTrade IPO GMP Kostak rate and Subject to Sauda updated as of Today. CarTrade IPO Grey Market Premium has been Started with Low Premium Rates, We need to wait for the rates to change with the Market Sentiment in a few days or to Stabilize the Rates.
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. 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.
CarTrade IPO Issue size of ₹2998.51 Crores, in which Fresh Issue of ₹0 Crores and Offer For Sale of ₹2998.51 Crores and issue price band has been Fixed at ₹1585-₹1618 Per Share. The CarTrade IPO is to be listed Soon on NSE and BSE.
What is CarTrade IPO GMP Today?
■ The CarTrade IPO GMP Today Or Grey Market Premium is ₹100-₹110.
What is CarTrade IPO Kostak Rates Today?
■ The CarTrade IPO Kostak rate is ₹0.
What is CarTrade IPO Subject to Sauda Price Today?
■ The CarTrade IPO Subject to Sauda rates is ₹0.
CarTrade IPO Approximately Returns?
■ The CarTrade IPO’s approximate return is 15%-20%. And it can also change according to the Market Sentiment.
CarTrade IPO GMP, Kostak,& Subject to Sauda :
| Date | GMP | Kostak | Subject |
| 20 Aug 2021 | List – ₹1599.80 | ₹0 | ₹0 |
| 19 Aug 2021 | ₹100-₹110 | ₹0 | ₹0 |
| 18 Aug 2021 | ₹120-₹130 | ₹0 | ₹0 |
| 17 Aug 2021 | ₹165-₹170 | ₹0 | ₹0 |
| 16 Aug 2021 | ₹220-₹230 | ₹0 | ₹0 |
| 15 Aug 2021 | ₹270-₹280 | ₹700 | ₹1100 |
| 14 Aug 2021 | ₹260-₹270 | ₹300 | ₹900 |
| 13 Aug 2021 | ₹275-₹280 | ₹300 | ₹900 |
| 12 Aug 2021 | ₹205-₹210 | ₹300 | ₹900 |
| 11 Aug 2021 | ₹120-₹130 | ₹300 | ₹900 |
| 10 Aug 2021 | ₹120-₹130 | ₹300 | ₹1000 |
| 9 Aug 2021 | ₹380-₹400 | ₹400 | ₹1500 |
| 8 Aug 2021 | ₹440-₹445 | ₹600 | ₹2000 |
| 7 Aug 2021 | ₹440-₹445 | ₹600 | ₹2000 |
| 6 Aug 2021 | ₹440-₹445 | ₹600 | ₹2000 |
| 5 Aug 2021 | ₹440-₹445 | ₹800 | ₹4000 |
| 4 Aug 2021 | ₹620-₹640 | ₹800 | ₹4000 |
| 3 Aug 2021 | ₹680-₹690 | ₹400 | ₹4000 |
| 2 Aug 2021 | ₹680-₹700 | ₹400 | ₹3500 |
| 1 Aug 2021 | ₹680-₹700 | ₹400 | ₹3500 |
| 31 July 2021 | ₹0 | ₹0 | ₹0 |
| 30 July 2021 | ₹0 | ₹0 | ₹0 |
| 29 July 2021 | ₹0 | ₹0 | ₹0 |
| 28 July 2021 | ₹0 | ₹0 | ₹0 |
| 27 July 2021 | ₹0 | ₹0 | ₹0 |
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 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
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.
| Read also: All Upcoming IPO Grey Market Premium 2021 |
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.
| Read also:- Share Buyback List 2021 |
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.
CarTrade IPO GMP FAQs :
How much is CarTrade IPO GMP Today?
CarTrade IPO GMP Today is ₹100-₹110.
How much is CarTrade IPO Grey Market Premium?
CarTrade IPO is Grey Market Premium ₹100-₹110.
What is CarTrade IPO Kostak Rate?
CarTrade IPO Kostak Rate is ₹0.
What is CarTrade IPO Subject to Sauda?
CarTrade IPO Subject to Deals is ₹0.
What is CarTrade IPO Approx Returns?
CarTrade IPO approx Returns is 15%-20%. And it can also change according to the Market Sentiment.
| CarTrade IPO Details: 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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