CarTrade IPO Date,GMP, Review, Price, Form & Market Lot Details - CarTrade Tech Ltd IPO

CarTrade files for IPO to raise around Rs 2,000 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 offer for sale of 12,354,811 equity shares,” said one of the individuals cited above.

CarTrade competes with the likes of Droom, Cars24, Quikr, Olx and Mahindra First Choice Wheels. It’s 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.


    Cartrade IPO Detail

    CARTRADE IPO Review

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    CARTRADE IPO Date & Price Band:


    Issuer CARTRADE
    Issue Type Book Built Issue IPO
    Issue Period Issue Opens: 2021
    Issue Closes: 2021
    Price Brand ₹ to ₹ Per Share
    Issue Size ₹ 2000 Crores (Approx)
    Face Value Rs. 10 per Equity Share
    Market Lot  Shares
    Maximum Bid amount for Retail Rs.  Lakhs
    QIB 50% of the issue size
    NIB 15% of the issue size
    Retail Individual Bidders 35% of the issue size
    Offer for Sale [.] Eq Shares of ₹10
    (aggregating up to ₹2000.00 Cr)
    Fresh Issue [.] Eq Shares of ₹10
    (aggregating up to ₹.00 Cr)
    Listing at NSE & BSE


    CARTRADE IPO Tentative Timetable

    The CARTRADE IPO date is (Adding Soon) and the close date is (Adding Soon). The allotment will be finalized on (Adding Soon) and the IPO may list on (Adding Soon).

    IPO Open Date  , 2021
    IPO Close Date  , 2021
    Basis of Allotment Date , 2021
    Initiation of Refunds , 2021
    Credit of Shares to Demat Account , 2021
    IPO Listing Date , 2021

    CARTRADE IPO Market Lot:

    The CARTRADE IPO minimum market lot is - shares with ₹- application amount. The retail investors can apply up-to - lots with - shares or ₹- amount.

    Minimum Lot Size: Minimum   Shares
    Minimum Amount:
    Maximum Lot Size: Maximum  Shares
    Maximum Amount:

    CARTRADE Company Financial:


    Particulars For the year/period ended (₹ in million)

    Total Assets

    Total Revenue

    Profit After Tax






    Read Also:- 
    • CARTRADE IPO Subscription Status
    • CARTRADE IPO Allotment Status
    • CARTRADE IPO GMP ( Grey Market Premium )

    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

    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 per cent during 2020-2025, according to data from market research firm Mordor Intelligence.

    CARTRADE IPO Prospectus

    • CARTRADE DRHP
    • CARTRADE RHP

    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, UPTO 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 BANDAND THE MINIMUM BID LOT SHALL BE DECIDED BY OUR COMPANY, THE MAJOR SHAREHOLDERS AND THE INVESTOR SELLING SHARE  HOLDERS 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 ₹2000 Crores via IPO. The issue is priced at - to - per equity share. The IPO to be listed on BSE & NSE.

    When CarTrade IPO will open?

    The IPO is to open on (not announced yet) 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 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 ₹2000 crores.

    What is CarTrade IPO Price Band?

    CarTrade IPO Price Band is ₹- to ₹-.

    What is CarTrade IPO Minimum and Maximum Lot Size?

    The minimum bid is - Shares with ₹- amount while maximum bid is - shares with ₹-.

    What is CarTrade IPO Allotment Date?

    CarTrade IPO allotment date is not announced yet.

    What is CarTrade IPO Listing Date?

    CarTrade IPO listing date is not announced yet. The IPO to list on BSE and NSE.

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