IPO Status: Closed [9th Aug 2021 to 11th Aug 2021]
CarTrade Tech, a multi-channel auto platform company is coming up with an IPO of Rs. 2,998 Cr through an offer for sale. The IPO opens for subscription on 9 August and closes on 11 August. IPO price band is fixed at Rs. 1,585-1,618 and lot size is 9 shares. Stay updated here to get a complete update about CarTrade Tech IPO including financials, business overview, GMP, live subscription, allotment, and more.
|IPO Issue Opening Date:||9th Aug 2021|
|IPO Issue Closing Date:||11th Aug 2021|
|IPO Issue Price:||₹1585-1618|
|IPO Listing At:||BSE, NSE|
|IPO Issue Type:||Book Built Issue IPO|
|IPO Issue Size:||₹2,998 Cr|
|Offer for Sale:||18,532,216 equity shares of ₹1585-1618 each [Aggreating up to ₹2,998 Cr]|
|Face Value:||₹10 Per Equity Share|
|Market Lot:||9 Shares|
|Min Retail Qty:||9 shares (1 lot)|
|Max Retail Qty:||117 shares (13 lots)|
|Promoter Holding Pre IPO:||TBD|
|Promoter Holding Post IPO:||TBD|
CarTrade Tech is a multi-channel auto platform provider and operates different brands i.e. CarWale, CarTrade, BikeWale, Shriram Automall, CarTrade Exchange, Adroit Auto, and Auto Biz. The platform is used by automotive customers, vehicle dealers, and OEMs to buy and sell various vehicles. The company offers a range of solutions across the transaction value chains for marketing, buying, selling, financing of new and pre-owned cars, 2 wheelers, pre-owned commercial vehicles, etc.
|Incorporation||Sector||IPO Issue Size||Website|
|2000||Automotive Platform||₹2,998 Cr||http://www.cartradetech.com/|
In this section we have covered all important dates related to CarTrade Tech IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open||9th Aug 2021|
|IPO Issue Close||11th Aug 2021|
|Basis of Allotment Finalisation Date*||17th Aug 2021|
|Refunds Initiation*||18th Aug 2021|
|Credit of Shares to Demat Account*||20th Aug 2021|
|IPO Listing Date*||20th Aug 2021|
* - Tentative Dates
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||3,706,443||2,779,833||6,486,276||12,972,552||1||9th Aug 2021 17:02||0.01x||0.03x||0.80x||0.41x||2||10th Aug 2021 17:02||0.59x||0.27x||1.53x||0.99x||3||11th Aug 2021 17:03||35.45x||41.00x||2.75x||20.29x|
Past performance and financial results of CarTrade Tech.
|CarTrade Tech Limited Financials||31-Mar-2021||31-Mar-2020||31-Mar-2019||31-Mar-2018|
|Total Assets||₹1,930.20 Cr||₹1,470.41 Cr||₹1,427.09 Cr||₹1,357.08 Cr|
|Total Income||₹281.52 Cr||₹318.45 Cr||₹266.81 Cr||₹149.53 Cr|
|Net Profit/Loss||₹101.07 Cr||₹31.29 Cr||₹25.92 Cr||₹(6.88) Cr|
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CarTrade Tech IPO DRHP >>Document
CarTrade Tech IPO RHP >>Document
CarTrade Tech IPO Allotment Status >>Link
Last Updated on 2021-08-20T11:41:22+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase CarTrade Tech IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply CarTrade Tech IPO with Zerodha.
Alternate approch to apply in CarTrade Tech IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in CarTrade Tech IPO, you can use the following methods:
|CarTrade Tech IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in CarTrade Tech IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in CarTrade Tech IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in CarTrade Tech IPO. Most of the Syndicate Banks provide access to apply in CarTrade Tech IPO via ASBA process. You must have your net banking access, DP ID information to apply in CarTrade Tech IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in CarTrade Tech IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in CarTrade Tech IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download CarTrade Tech IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply CarTrade Tech IPO, please refer article >> Link
Steps to download the online application form for CarTrade Tech IPO
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CarTrade Tech IPO is going to be list on 20-08-2021. NSE Code for CarTrade Tech is CARTRADE. BSE Code for CarTrade Tech is 543333.
Other relevant questions:When CarTrade Tech IPO will be listing? CarTrade Tech IPO NSE listing date?CarTrade Tech IPO date of listing.CarTrade Tech IPO BSE listing date?
CarTrade Tech IPO Allotment Date is 17-08-2021.
Other relevant questions:CarTrade Tech IPO share allotment date?CarTrade Tech IPO allotment date?