CarTrade Tech IPO is going to hit the market on 09 Aug 2021 and closes on 11 Aug 2021. The company to raise ₹2998.51 crores (approx) via an initial public offer with a face value of ₹10 per equity share.
CarTrade Tech files for IPO to raise around Rs 2,998.51 crores, first-ever by an auto classifieds portal. Cartrade IPO will facilitate a partial exit for CarTrade investors like Warburg Pincus, Temasek, JP Morgan, March Capital, and other parties who are the selling shareholders. The papers have been filed with the market regulator. There is no fresh issue of shares and the IPO consists of a pure OFS or offers for sale of 18,532,216 equity shares,” said one of the individuals cited above.
CarTrade competes with the likes of Droom, Cars24, Quikr, Olx, and Mahindra First Choice Wheels. Its founder and CEO Vinay Sanghi was the CEO of Mahindra First Choice Wheels between 2000 and 2009. In November 2015, CarTrade acquired rival CarWale from German media conglomerate Axel Springer for around Rs 590 crore. Later in January 2018, it picked up a 51 percent stake in vehicle auctioning platform Shriram Automall India Private Ltd, a subsidiary of commercial vehicle lender Shriram Transport Finance.
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CARTRADE IPO Date & Price Band:
| IPO Opening Date | Aug 9, 2021 |
| IPO Closing Date | Aug 11, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹1585 to ₹1618 per equity share |
| Market Lot | 9 Shares |
| Min Order Quantity | 9 Shares |
| Listing At | BSE, NSE |
| Issue Size | 18,532,216 Eq Shares of ₹10 (aggregating up to ₹2998.51 Cr) |
| Offer for Sale | 18,532,216 Eq Shares of ₹10 (aggregating up to ₹2998.51 Cr) |
CARTRADE IPO Tentative Timetable
The CarTrade IPO date is 09 August 2021 and the IPO close date is 11 August 2021. The allotment date is 17 August 2021 and the IPO may list on 23 August 2021.
| IPO Open Date | Aug 9, 2021 |
| IPO Close Date | Aug 11, 2021 |
| Basis of Allotment Date | Aug 17, 2021 |
| Initiation of Refunds | Aug 18, 2021 |
| Credit of Shares to Demat Account | Aug 20, 2021 |
| IPO Listing Date | Aug 23, 2021 |
CARTRADE IPO Market Lot:
The CARTRADE IPO minimum market lot is 9 shares with ₹14,562 application amount. The retail investors can apply up-to-lots with 117 shares or ₹189,306 amount.
| Minimum Lot Size: | Minimum 9 Shares |
| Minimum Amount: | ₹14,562 |
| Maximum Lot Size: | Maximum 117 Shares |
| Maximum Amount: | ₹189,306 |
CARTRADE Company Financial:
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 19,301.99 | 14,704.06 | 14,270.94 |
| Total Revenue | 2,815.23 | 3,184.45 | 2,668.05 |
| Profit After Tax | 1,010.74 | 312.94 | 259.17 |
Read Also:-
- CARTRADE IPO GMP ( Grey Market Premium )
- CARTRADE IPO Subscription Status
- CARTRADE IPO Allotment Status
CARTRADE IPO Form:
How to apply the CARTRADE IPO? You can apply CARTRADE IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the CARTRADE IPO in the Invest section. The other option you can apply CARTRADE IPO via IPO forms download via NSE and BSE. Check out the CARTRADE forms - click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
About CARTRADE Company
Founded in 2009, CarTrade.com is an online auto marketplace providing buyers and sellers a structured platform for transacting in new and used vehicles. Since its inception, it has expanded its offerings across India with a network of more than 4,000 dealers. Currently, over 4 million unique consumers visit CarTrade.com every month according to its website.
The firm’s business can be divided into two parts: CarTrade.com, the consumer portal where the users can visit to buy and sell used/new cars, and CarTrade Exchange, the dealer portal which helps them manage their business operations. Some of the portal’s features include used car price information, certified used cars, on-road dealer prices, and expert reviews that help buyers and sellers to choose suitable vehicles at affordable prices. Additionally, the portal also provides information related to the automobile industry and the latest automotive news, including reviews of upcoming models in the market.
According to reports in March 2020, the firm had a gross merchandise value of around $3 billion and was planning to apply to the RBI for an NBFC license. A June 3, 2020 report by Inc42 said that Cartrade earned Rs 137.14 crore in FY20, with a total expense of Rs 128.25 crore resulting in a net profit of Rs 8.88 crore. The domestic used car market was worth $24.24 billion in 2019 and is likely to grow at a CAGR ( compounded annual growth rate) of 15.12 percent during 2020-2025, according to data from market research firm Mordor Intelligence.
CARTRADE IPO Prospectus
CARTRADE IPO Notification
INITIAL PUBLIC OFFER OF UP TO 12,354,811 EQUITY SHARES OF FACE VALUE OF ₹10 EACH (“EQUITY SHARES”)OF CARTRADE TECH LIMITED(“COMPANY”) FOR CASH AT A PRICE OF ₹[●] PER EQUITY SHARE(INCLUDING SHARE PREMIUM OF ₹[●] PER EQUITY SHARE), THROUGH AN OFFER FOR SALE OF UP TO 12,354,811 EQUITY SHARES AGGREGATING UP TO ₹[●]MILLION (“OFFER FOR SALE” OR “OFFER”), CONSISTING OF UP TO 1,607,324 EQUITY SHARES BY CMDB II AGGREGATING UP TO ₹[●] MILLION, UP TO 5,379,055 EQUITY SHARES BY HIGH DELL INVESTMENT LTD AGGREGATING UP TO ₹[●] MILLION, UP TO 3,568,217 EQUITY SHARES BY MACRITCHIE INVESTMENTS PTE.LTD. AGGREGATING UPTO₹[●]MILLION,UP TO 1,124,700 EQUITY SHARES BY SPRINGFIELD VENTURE INTERNATIONAL AGGREGATING UP TO ₹[●] MILLION (COLLECTIVELY, THE “INVESTOR SELLING SHAREHOLDERS”),AND UP TO 183,333 EQUITY SHARES BY BINA VINOD SANGHI (JOINTLY HELD WITH VINAY VINOD SANGHI)AGGREGATING UP TO ₹[●] MILLION,UP TO 70,000 EQUITY SHARES BY DANIEL EDWARD NEARY AGGREGATING UP TO ₹[●] MILLION, UP TO 196,286 EQUITY SHARES BY SHREE KRISHNA TRUST AGGREGATING UP TO ₹[●] MILLION, UP TO 25,350 EQUITY SHARES BY STEVE GREEN FIELD AGGREGATING UP TO ₹[●] MILLION, UP TO 50,546 EQUITY SHARES BY VICTOR ANTHONY PERRY III AGGREGATING UP TO ₹[●] MILLION, UP TO 50,000 EQUITY SHARES BY VINAY VINOD SANGHI (JOINTLY HELD WITH SEENA VINAY SANGHI)AGGREGATING UP TO ₹[●] MILLION, UP TO 50,000EQUITY SHARES BY VINTI RAJESH GAJREE (JOINTLY HELD WITH VINAY VINOD SANGHI)AGGREGATING UP TO ₹[●] MILLION, UP TO 50,000EQUITY SHARES BY VIRAJ VINOD SANGHI(JOINTLY HELD WITH NIKI VIRAJ SANGHI)AGGREGATING UP TO ₹[●] MILLION(COLLECTIVELY, THE “OTHER SELLING SHAREHOLDERS” AND TOGETHER WITH THE INVESTOR SELLING SHAREHOLDERS, SHALL BE REFERED TO AS THE “SELLING SHAREHOLDERS”, AND SUCH EQUITY SHARES, THE “OFFERED SHARES”). THE OFFER WOULD CONSTITUTE 26.96% OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL(POST-CONVERSION OF THE PREFERENCE SHARES). THE FACE VALUE OF EQUITY SHARES IS ₹10 EACH. THE PRICE BAND AND THE MINIMUM BID LOT SHALL BE DECIDED BY OUR COMPANY, THE MAJOR SHAREHOLDERS, AND THE INVESTOR SELLING SHAREHOLDERS IN CONSULTATION WITH THE BOOK RUNNING LEAD MANAGERS (“BRLMS”)AND WILL BE ADVERTISED IN ALL EDITIONS OF [●], AN ENGLISH NATIONAL DAILY NEWSPAPER, ALL EDITIONS OF [●], A HINDI NATIONAL DAILY NEWSPAPER, AND MUMBAI EDITION OF [●], A MARATHI DAILY NEWSPAPER(MARATHI BEING THE REGIONAL LANGUAGE OF MAHARASHTRA WHERE OUR REGISTERED AND CORPORATE OFFICE IS LOCATED) AT LEAST TWO WORKING DAYS PRIOR TO THE BID/ OFFER OPENING DATE AND SHALL BE MADE AVAILABLE TO BSE LIMITED (“BSE”) AND THE NATIONAL STOCK EXCHANGE OF INDIA LIMITED (“NSE”, AND TOGETHER WITH BSE, THE “STOCK EXCHANGES”) FOR THE PURPOSE OF UPLOADING ON THEIR RESPECTIVE WEBSITES IN ACCORDANCE WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (THE “SEBI ICDR REGULATIONS”)
CarTrade Company Promoters:
- MCX Solutions Pvt Ltd
CarTrade IPO Registrar:
Link Intime India Private Limited
C-101, 247 Park, 1stFloor
L.B.S. Marg, Vikhroli WestMumbai 400 083
Tel:+91 22 4918 6200
E-mail: CarTrade.ipo@linkintime.co.in
Investor Grievance e-mail: CarTrade.ipo@linkintime.co.in
Website: www.linkintime.co.in
SEBI Registration No.:INR00000405
CarTrade IPO Lead Managers:
- Axis Capital Ltd
- Citigroup Global Markets India Pvt Ltd
- Kotak Mahindra Captial Company Ltd
- Nomura Financial Advisory and Securities (India) Private Limited
CarTrade Company Address:
MXC Solutions India Pvt. Ltd,
Lloyds Centre Point , 1st Floor,
Above Tata Motors Showroom
Unit No. 11 & 12,
1096A Appasaheb Marathe Marg,
Prabhadevi, Mumbai - 400025.
Phone: (022)612 91700
CarTrade IPO FAQs
What is CarTrade IPO?
CarTrade IPO is a main-board IPO. They are going to raise ₹2998.51 Crores via IPO. The issue is priced at ₹1585 to ₹1618 per equity share. The IPO is to be listed on BSE & NSE.
When CarTrade IPO will open?
The IPO is to open on 09 August 2021 for QIB, NII, and Retail Investors.
What is CarTrade IPO Investors Portion?
The investors' portion for QIB-50%, NII-15%, and Retail 35%.
How to Apply the CarTrade IPO?
You can apply CarTrade IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the CarTrade IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "CarTrade". Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
What is CarTrade IPO Size?
CarTrade IPO size is ₹2998.51 crores.
What is CarTrade IPO Price Band?
CarTrade IPO Price Band is ₹1585 to ₹1618.
What is CarTrade IPO Minimum and Maximum Lot Size?
The minimum bid is 9 Shares with ₹14,562 amount while the maximum bid is 117 shares with ₹189,306.
What is CarTrade IPO Allotment Date?
CarTrade IPO allotment date is 17 August 2021.
What is CarTrade IPO Listing Date?
CarTrade IPO listing date is 23 August 2021. The IPO to list on BSE and NSE.
