CarTrade IPO GMP Today, Share Price, Allocation Status, Dates

CarTrade IPO GMP Today, Share Price, Allocation Status, Dates

CarTrade IPO GMP Today, share price, allotment status, dates, listing can be checked here. Get CarTrade IPO Gray Market Price Here. CarTrade IPO is now available and you can apply for it from today (9 August 2021) and the last date to apply will be 11 August 2021.

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Cartered IPO

CarTrade will start accepting subscriptions for its IPO from August 09, 2021 to August 11, 2021. 18532,216 stock shares will be offered for sale as part of the initial share sale. According to the price band, the IPO could raise Rs 2,998.51 crore at the highest level. Shares of the company will be offered between Rs 1,585 and Rs 1,618.

We are going to list various details on CarTrade IPO GMP, allotment dates, status and list on this page. Below is the table to acquaint you with the latest details of Car Trade IPO GMP today.

Now click here for GMP

Cartrade IPO GMP today

  • What it means to be IPO?
  • Is IPO good or bad?
  • What does IPO stand for in stocks?
  • Is it good to invest in IPO?

Cartrade IPO GMP today

  • Rs. Public issue of 18,532,216 equity shares of 10 and offer to sell 18,532,216 equity shares
  • Issue opening date 09/08/21
  • Issue Deadline 11/08/21
  • Created an issue type book
  • IPO price band Rs. 1585 - Rs. 1618
  • Face value 10 rupees
  • Market lot 9 equity shares and its coefficients
  • Minimum order quantity 9 equity shares
  • The maximum subscription amount for a retail investor is Rs. 2,00,000
  • Listing of NSE, BSE
  • IPO market hours from 10.00 am to 5.00 pm.

What is Cartrade?

CarTrade Tech Ltd was founded in 2000. It provides a multi-channel auto platform. Various brands are operated by the company.

It provides a platform that helps customers and dealers buy and sell a wide variety of vehicles.

They provide a range of automotive solutions such as buying, selling, marketing and financing.

Cartered IPO GMP

Cartered IPO features

  • Synergistic Automotive Sales Platform.
  • Manage multiple brands
  • Requires multiple services
  • Scalable and profitable business model.

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In the car business IPO details

IPO dates

CarTrade Tech will accept bids for its public IPO during the week of August 9-11.

The cost of ipo

The offer is priced at Rs 1,585-1,618.

Fundraising and objectives

Rs. 1,618 through a price limit offer of Rs. The company plans to raise Rs 2,998.51 crore.

The fact is that even though it is a complete market offer for sale, the company will not get any revenue from it.

Public issue

The IPO is a complete offer to sell 1,85,32,216 equity shares by the selling shareholders.

Lot sizes and investors

The minimum number of equity shares a buyer can buy is nine, and then a multiplier of nine equity shares is allowed.

CarTrade IPO share price and investment

Retail investors are required to invest a minimum of Rs 14,562 per lot in the offer. Retail investors are prohibited from investing a maximum of Rs 2 lakh in an IPO. Therefore, a maximum of Rs. 1,89,306.

Half of the offer has been allotted to institutional buyers, 15 per cent to non-institutional bidders and 35 per cent to retail investors

Is Cartered reliable? Company history and statistics

CarTrade is a cross-channel auto platform spread across a range of vehicles with services and coverage. Many brands have been created by him.

Customers, OEMs and dealers can buy and sell vehicles easily and conveniently through the company's online buying and selling platform.

The company aims to create an integrated digital ecosystem with the automotive industry that connects all automobile customers with dealers in one place.

Compared to their main competitors in the period from April 2020 to March 2021, Carwell and Bikewell ranked first online in terms of related search popularity.

As far as the number of vehicles auctioned is concerned, Shriram Automol is one of the leading used vehicle auction platforms.

Since FY19, it has been the only automotive digital platform that has remained profitable.

Within three months ending June 2021, its customer platforms Carvalle, Cartrade and Bikewell combined a combined 27.11 million unique visitors per month, with 88.14 percent coming from organic sources.

The average time of three minutes and seven seconds per visit on the Carvalle website for the three months ending June 30, 2021 demonstrates the company's commitment to providing the best customer experience.

They provide various automotive solutions including marketing, buying, selling, financing and new and used cars, two wheelers etc.

The company believes that its diverse and wide user base across all platforms creates a network impact on all businesses that provide value to both buyers and sellers.

strength of car trading company

  1. Automotive market with a synergistic ecosystem, it plays an important role in the automotive industry.
  2. A powerful set of network influences driving brand loyalty and customer experience among automotive dealers
  3. The company provides a seamless experience to the customers through its in-house technology platform.
  4. It offers its clients customized solutions based on proprietary algorithms and data science.
  5. Scalable business model based on profitable assets.
  6. It is headed by Vinay Vinod Sanghi, a talented manager with significant industry experience.

Financial and peer comparison

Between FY19 and FY21, Cartrade Tech reported a CAGR of 1.3 per cent on revenue and its EBITDA recorded a CAGR of 15.5 per cent. Profits grew 133.8 per cent in FY19-FY21.

Some business flows generate revenue for the company, primarily from fees and commissions from the auction and re-marketing of used vehicles.

The company provides lead generation, infrastructure-based services, monitoring and evaluation along with platform-based advertising.

CarTrade IPO Allotment and Refunds

Cartrade Tech will finalize the IPO share allocation on August 17 and return the IPO funds after the issue closes on August 11.

Trading in equity shares will commence from August 23, while equity shares will be credited to the demat accounts of eligible investors.

BSE and National Stock Exchange will list the equity shares.

Official Website : Click Here

CarTrade IPO GMP Today, Share Price, Allocation Status, Dates

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