CarTrade Tech limited IPO Details and Grey Market Premium and Subscription details till 9th August

CarTrade Tech limited IPO

CarTrade Tech limited IPO

The details of the CarTrade Tech limited IPO :

CarTrade Tech limited IPO

Important dates

CarTrade tech ltd IPO

Company Background

CarTrade.com is an Indian online auto classifieds platform serving as a marketplace for users interested in buying and selling new and used vehicles. The company is headquartered in Mumbai, Maharashtra.

CarTrade.com was established in 2010 by Vinay Sanghi and Rajan Mehra.

In November 2015, CarTrade.com acquired CarWale, an online classifieds portal, in an all-cash deal. In May 2017, CarTrade.com acquired vehicle inspection and valuation venture Adroit Inspection in an all-cash deal. In January 2018, CarTrade acquired a 51% stake in Shriram Automall from Shriram Group. This acquisition made CarTrade India's largest online and physical marketplace for cars.

CarTrade operates as a platform for business-to-business (B2B) and business-to-consumer (B2C) operations. The service is divided into two sets - CarTrade.com, the B2C portal where users can buy and sell new and used cars, and CarTradeExchange.com, the B2B dealer portal which allows dealers to manage their online auctions and sales. Other than the online marketplace, it has physical presence with a network of over 4,000 dealers across 80 cities in India. The website currently lists over 1,65,000 certified used cars.

Along with car listings, the portal also offers car price information, certification, insurance, used car finance, comparisons, on-road prices, and reviews. The used car certification program is jointly conducted by CarTrade engineers and sellers who inspect the initial condition of cars at different levels, and a detailed condition report is presented as part of the online listing. CarTrade also provides similar services for bikes (new and used) on Bikewale portal.

Financial Details of the CarTrade Tech limited 

CarTrade Tech limited

Comparison of financials of CarTrade with peer company in India

If once can see, Only CarTrade is making profits compared to all its peer company's and its very positive sign for the company and its future growth.
  
CarTrade Tech limited IPO

Purpose of this IPO

  1. To carry out an offer for sale And to achieve the benefits of listing the Equity Shares on the stock exchanges

Grey Market Premium of CarTrade Tech IPO

CarTrade shares are available at a premium of ₹380 in the grey market on 9th August 2021. which is 23.4% of its Issue Price (Rs. 1618)

CarTrade Tech limited IPO Subscription

The CarTrade Tech IPO is subscribed 0.41 times on 9th Aug 2021
  1. Qualified Institutional Buyers (QIB)  - 0.01 times Subscribed
  2. Retail Individual Investors (RII)         - 0.79 times Subscribed
  3. Non Institutional investors (NII)         - 0.03 times Subscribed
Disclaimer : This article is for educational purpose only and does not provide any buy or sell recommendation

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