IPO

CarTrade Tech Ltd IPO

Mainboard

Automobiles - Dealers & Distributors

Listed On: Aug 20, 2021 at ₹ 1599.80 (NSE)

₹ 14562 /9 Shares

Check Allotment

09 Aug, 2021

Open Date

11 Aug, 2021

Close Date

17 Aug, 2021

Allotment Date

20 Aug, 2021

Listing Date
Price Summary

Last Closing

2,753.00 (70.15%)

52 Week High

3,290.50

52 Week Low

1,294.00

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹1585-1618 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price Offer for Sale of 1,85,32,216 Equity Shares aggregating up to Rs 2998.51/- Cr
  • Listing at BSE, NSE
  • List Price 1599.80 (NSE)
  • Listing Date 2021-08-20
  • Lead Manager Axis Capital Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion 35%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹1585-1618 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Aug 9, 2021 and ends on Aug 11, 2021. The allotment for IPO will be finalized on Aug 17, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 20, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd.


The IPO sets its price band at 1585-1618 for each share. A single application for CarTrade Tech Ltd IPO must contain at least 9 shares.

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IPO Subscription Analysis And Details
Retail
2.75x
QIB
35.45x
NII
40.99x
Total
20.28x
As on QIB NII Retail Total
Shares Offered / Reserved 37,06,443 27,79,833 64,86,276 129,72,552
Day 1 09-08-21 05:00 PM
0.01 x 0.04 0.80 x 0.41 x
Day 2 10-08-21 05:00 PM
0.59 x 0.27 1.54 x 0.99 x
Day 3 11-08-21 05:00 PM
35.45 x 40.99 2.75 x 20.28 x
Total No of Applications
1718178
Subscription on the basis of Applications
2.40
Valuations
Earnings Per Share (EPS) ₹22.06/-
P/E Ratio 73.37
RoNW 5.43%
Net Asset Value (NAV) - As on 31.03.21 ₹392.83
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18
Assets 1,930.19 1,470.40 1,427.09 1,357.08
Revenue 281.52 318.44 266.80 149.52
Profit After Tax 101.07 31.29 25.91 (6.88)
About Company

Their 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 their key competitors, they were the only and most profitable automotive digital platform. In recent years, they have significantly expanded their business, with their total income increasing at a CAGR of 45.94% between financial years 2018 and 2020.

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- Promoter(s)

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

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

IPO - Issue Objectives
1

To carry out an offer for sale.

2

To achieve the benefits of listing the Equity Shares on the stock exchanges.

IPO - Anchor Investors

CarTrade mobilises Rs 900 cr from anchor investors ahead of IPO

Nomura, HSBC Global, Goldman Sachs, Jupiter India Fund, Elara India Opportunities Fund, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, Bharti Axa Life Insurance Company, Axis Mutual Fund (MF), HDFC MF, Kotak MF and Sundaram MF are among the anchor investors.