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
Location: Delhi, India

Comments

Post a Comment

Popular posts from this blog

Wipro Share Returns In Last 40 years

-
Image
WIPRO Wipro Limited is an Indian multinational corporation that provides information technology, consulting and business process services. It is headquartered in Bangalore, Karnataka, India. In 2013, Wipro separated its non-IT businesses and formed the privately owned Wipro Enterprises. The company was incorporated on 29 December 1945 in Amalner, Maharashtra by Mohamed Premji as "Western India Palm Refined Oil Limited" , later abbreviated to "Wipro" . It was initially set up as a manufacturer of vegetable and refined oils in Amalner, Maharashtra, British India, under the trade names of Kisan, Sunflower, and Camel. In 1966, after Mohamed Premji's death, his son Azim Premji took over Wipro as its chairman at the age of 21. Azim Premji - Image source Google Images During the 1970s and 1980s, the company shifted its focus to new opportunities in the I T and computing industry .  On 7 June 1977, the name of the company changed from Western India Vegetable Products
Read more

Exxaro tiles IPO Vs Windlas Biotech IPO Vs Krsnaa Diagnostics IPO Vs Devyani International IPO: GMP: Subscription till 6th August

-
Image
In the beginning of the August month there are 4 IPO's which are open for subscription from 4th August to 6th August 2021. And confused which one to apply? below analysis may help you to decide. Image source - Google Images Lets have look at market sentiments towards these IPO's by seeings its subscription and Grey market premium. Exxaro tiles IPO Vs Windlas Biotech IPO Vs Krsnaa Diagnostics IPO Vs Devyani International IPO; GMP; Subscription till 5th August Devyani International limited IPO The Devyani International IPO is subscribed 116.50 times on 6th Aug 2021 Qualified Institutional Buyers (QIB) - 95.27 times Subscribed Retail Individual Investors (RII)        - 38.38 times Subscribed Non Institutional investors (NII)        - 213.06 times Subscribed Employee Reservation                         - 4.67 times Subscribed And the Grey market premium is around Rs. 63 on 6th August. Which is 70% of its issue price of 86 to 90 rupees per share. Windlas Biotech IPO  The Windlas
Read more

Post Office Investments for Small and Safe Investors In India

-
Image
Post Office Investments include a number of saving schemes that provide high rate of interest as well as tax benefits and most importantly, carry the sovereign guarantee of Indian Government. All these schemes are tax exempt under Section 80c, i.e. tax exemption up to Rs. 1,50,000 is allowed. Some schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposit for a 5 Year Term and Senior Citizen Savings Scheme (SCSS). Small Savings Scheme Interest Rate Tax Deduction on Investment? Interest Taxable Post Office Savings Account 4.0% No Yes Post Office Recurring Deposit 5.8% No Yes Post Office Monthly Income Scheme 6.6% No Yes Post Office Time Deposit (1 year) 5.5% No Yes Post Office Time Deposit (2 year)
Read more

Paras Defence And Space Technologies Limited IPO Details, GMP, Allotment Status and Issue Price

-
Image
To Check Allotment Status for Paras Defence And Space Technologies Limited IPO click on this link  linkintime.co.in/MIPO/Ipoallotment.html. Details of the Paras Defence And Space Technologies Limited IPO: Issue Amount: Upto ₹170.78 Cr (Fresh Issue - 140.60 Cr & 30.18 Cr Offer For Sale) Face Value : ₹10 per share Price Band : ₹165 to ₹175 Lot Size : 85 shares Important dates for Paras Defence And Space Technologies Limited IPO: IPO Open: Tuesday, September 21, 2021 IPO Close: Thursday, September 23, 2021 Finalization of basis of allotment: 28 September 2021 Refunds/Unblocking ASBA fund: 29 September 2021 Credit of equity shares to DP account: 30 September 2021 Trading commences: 01 October 2021 Paras Defence And Space Technologies Limited IPO Subscription on 23rd September 2021: The Paras Defence And Space Technologies Limited IPO is subscribed 304.26 times on 23rd Sept 2021 17:00 pm Qualified Institutional Buyers (QIB) - 169.65 times Subscribed Retail Individual Investors (RII) - 1
Read more

What is Investment ?

-
Image
Investment Investment is a process where one could allocate some part of his/her earnings in some investment tools to get good returns in near future   Everyone in this world who has capability to earn more than his/her needs have to invest. Before investing one should learn and understand where to invest and how to invest. Investment is an art, unfortunatly this is not being teached in any schools of India. Do you think this should be teached? or its ok with us Many people in india does't know about investing, they simply earn and keep it with them very safe. Does this really help them or to their childerns? No it doesn't. Modern india needs different and creative thinking about investment. Before knowing about investment tools we should know which type of investor we want to be.  According to me, there are three types of investors  Fearing Investor No Fear Investor Intelligent Investor    1. Fearing Investor Most of the indian commun
Read more

Pradhan Mantri Vaya Vandana Yojana

-
Image
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which was available from 4th May, 2017 to 31st March, 2020. The scheme is now extended up to 31st March, 2023 for a further period of three years beyond 31st March, 2020. Benefits of the Scheme Following are the major Benifits Scheme provides initially an assured rate of return of 7.40 % per annum for the year 2020-21 per annum and thereafter to be reset every year. Pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly/ quarterly/ half-yearly/ yearly as chosen by the pensioner at the time of purchase. The scheme is exempted from GST. On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension installment shall be payable. Loan upto 75% of Purchase Price shall be allowed after 3 policy
Read more

Best Ways To Save Money

-
Image
Many people think of saving money and achieving their dreams, But some how they are unable to make it. Followings steps may help you to build savings and achieve financial comfort.    1. Plan to Save Money  First,   one should plan that how much he can save monthly by not compromising his essential expenses like, House rent, Groceries, Essential Shopping, medicines, EMI's Etc. One should try to reduce his unnecessary expenses else he/she could not save money, Once Warren Buffett said,  “If you buy things you don't need, you will soon sell things you need.” By - Warren Buffett 2. Pay off debts  Pay your debts which are drawing maximum part of your monthly earnings (debts with high interest rates) like Car loans, Personal loans, etc and if you borrowed money from any personal finance with high interest rates then first pay of these types of loan before you start saving. Once you done with all high interest paying debts then you will be free to save money 3. Start with 70:3
Read more