Check out CarTrade IPO GMP today, share price, allotment status, dates, and listing. You can find the CarTrade IPO gray market price from here. CarTrade IPOThe application is open and available now. You can start applying for it starting at 9 August 2021. Last date to apply will be 11 August 2021.
CarTrade will begin accepting subscribers for its IPO from August 9, 2021 to August 11, 2021. Initial share sales will include 18532216 shares. At the top end, the IPO is expected to generate Rs 2,998.51 million. Each share of the company is expected to be priced between Rs 1585-1618.
We’ll list several details. CarTrade IPO GMPThis page includes information on the Allotment dates as well status and listing. Here is the table that will provide you with the most current information on Car Trade IPO GMP.
Cartrade IPO GMP Today
|Public Issue||Initial Public offer of 18,532,216 Equity Shares of Rs. 10. and an Offer to Sell up to 18,532,216 Equity Shares of Rs.|
|Issue open Date||09/08/21|
|Type of issue||Book Built|
|IPO Price Band||Rs 1585 – Rs 1618|
|Lots of Market||9 Equity Shares and in multiples thereof|
|Minimum Order Quantity||9 Equity Shares|
|Maximum subscription amount for retail investor||Rs. 2.00,000.|
|Timings for the IPO Market||10.00 a.m. to 5.00 p.m.|
CarTrade: What’s it all about?
- CarTrade Tech Ltd., was created in 2000. The company offers multiple-channel auto platforms. It operates a variety of brands.
- The platform allows customers to buy and sell a broad range of vehicles.
- You can find a variety of solutions for your automotive needs, including financing, sales, marketing and purchasing.
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CarTrade IPO Features
- Synergistic Automotive Sales Platform
- Multiple brands can be managed
- Many services available to meet your needs
- Profitable, scalable business model.
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Car Trade Initiation in Detail
Dates of the IPO
This week, August 9-11th: CarTradeTech will accept bids to its public IPO.
Price for the IPO
A price range of Rs 1,585 – 1,618 has been set for the offer.
Fund Raising and Goals
A price range of Rs 1,618 per share is the upper limit of the company’s plan to raise Rs 2,998.51 crore through its offer.
It is not a market sale. The company will not be paid any proceeds.
IPO (Initial Public Offering) is a total offering made by all shareholders in order to purchase 1,85 32,216 equity stock shares.
Lot Size and Investments
There is a minimum of nine shares of equity that buyers may purchase, but multiples are possible after this.
Minimum Rs 14.562 per lot is required for retail investors to place their money in this offering. The maximum retail investor can invest in an IPO is Rs 21,000 For 13 lots, Rs 1,89,306 would be the maximum.
Half of the offer was allocated to institutional buyers, while non-institutional bidders were allocated 15% and retail investors 35 percent.
Cartrade: Is it trustworthy? Company’s History and Stats
CarTrade offers services and coverage across multiple vehicle classes. It has helped to create many brands.
Customers, OEMs, and dealers can buy and sell vehicles through the company’s online buying and selling platforms in a simple and convenient way.
The goal of this company is to establish a digital ecosystem with the automotive industry, which links all customers and dealers.
Comparing their top competitors from April 2020 through March 2021 CarWale & BikeWale ranked first in relative popularity of online searches.
Shriram Automall ranks among the top used vehicle auction sites in terms of number.
It is now the only digital platform for automotive that has proven to be profitable since FY19.
In the three-month period ending June 2021, CarWale, CarTrade, and BikeWale saw a combined 27,11 million unique users per month. 88.14% of these visitors came from organic sources.
A three minute and seven second average time per visit to the CarWale website for the three months ending June 30, 2021 indicates the company’s commitment to providing a superior consumer experience.
A variety of automotive services are offered by them including financing and leasing, marketing and selling new and used vehicles, as well as two-wheeler and two-wheeler leasing.
According to the company, its large and diverse user base on all platforms provides a networking effect that creates value for both sellers and buyers.
Car Trade Company’s Strengths
- A marketplace for automotive parts and services that fosters synergy, this market plays a significant role in the auto industry.
- A powerful network effect is driving customer loyalty among auto dealers and improving the experience for customers
- The company provides seamless customer service through its technology platforms.
- It offers customized solutions for its customers based upon proprietary algorithms and data science.
- Based on the acquisition of profitable assets, a business model that is scalable.
- Vinay Vinod Saghi is its leader, a skilled manager with extensive industry experience.
Comparison between financials and peers
A CAGR of 1.3 percent was recorded by CarTrade Tech’s revenue between FY19 and FY21, and a CAGR of 15.5 percent was recorded by its EBITDA. Profits increased by 133.8% in FY19-21.
Company revenue comes from many business streams. These include fees and commissions for used vehicle auctions, remarketing and other services.
It offers both platform-based and lead generation services as well as infrastructure-based, inspection, valuation, and service-based marketing.
CarTrade IPO Allotment and Refunds
CarTrade Tech will complete the IPO share allotments on August 17. The IPO funds are refunded to the IPO funds after August 11th.
Trading in equity shares will begin with effect from August 23, when equity shares will be credited to eligible investors’ Demat accounts.
Equity shares will be listed by the BSE as well as National Stock Exchange.