CarTrade Tech was incorporated on April 28, 2000 as ‘Kaymo Fastener Company Private Limited'. The company is a multi-channel auto platform with coverage and presence across vehicle types and value-added services and operates under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz.
| Bidding Dates |
|---|
| 09 Aug 2021 - 11 Aug 2021 |
| Subscription |
|---|
| 20.29x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,562 | 1 | 13 | 9 | 18.5 M | ₹1585 - ₹1618 | 59.57 % | ₹29373.6 M - ₹29985.1 M | RHP DOC |
CarTrade Tech IPO SUBSCRIPTION STATUS
11 Aug '21CarTrade Tech IPO overall subscription rate was 20.29 times the total available shares
CarTrade Tech IPO retail subscription rate was 2.75 times in the retail segment
CarTrade Tech IPO non-institutional investor subscription rate was 41 times in the non-institutional investor category
CarTrade Tech IPO Qualified Institutional Bidder subscription rate was 35.45 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
11 Aug 2021 (Day 3) | 2.75x | 41x | 35.45x |
10 Aug 2021 (Day 2) | 1.53x | 0.27x | 0.59x |
09 Aug 2021 (Day 1) | 0.8x | 0.03x | 0.01x |
CarTrade Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | 1,010.7 | 2,496.8 | 352.0 | 297.7 |
| FY20 | 312.9 | 2,982.8 | 171.6 | 123.7 |
| FY19 | 259.2 | 2,432.8 | 352.0 | 327.8 |
CarTrade Tech IPO SUBSCRIPTION STATUS DETAILS
CarTrade Tech had 18.5 M shares on offer
CarTrade Tech IPO offer price was in the range ₹1585 - ₹1618
CarTrade Tech IPO minimum Investment was ₹14562
CarTrade Tech IPO issue size was ₹ 29373.6 M - ₹ 29985.1 M
CarTrade Tech had a minimum lot size of 9 Shares per application
CarTrade Tech NUMBER OF SHARES ON OFFER
CarTrade Tech IPO IMPORTANT DATES
| Issue Open Date | 09 Aug 2021 |
| Issue close Date | 11 Aug 2021 |
| Allotment Date | 17 Aug 2021 |
| Refund Date | 18 Aug 2021 |
| Demat Account Credit Date | 20 Aug 2021 |
| Listing Date | 20 Aug 2021 |
| Listing on Exchange(s) | NSE and BSE |
| CarTrade Tech Allotment Status | Exchange |
CarTrade Tech IPO subscription opened on 09 Aug 2021, and closed on 11 Aug 2021
IPO allotment for CarTrade Tech was finalized on Tuesday, 17 Aug 2021
IPO listing for CarTrade Tech was on NSE and BSE on Friday, 20 Aug 2021
CarTrade Tech IPO LISTING GAINS
| Issue Price (adjusted) | 1618.0 |
| Listing Open Price | 1600.0 |
| Listing Close Price | 1500.1 |
| Listing Gain% | -1.1% |
| Current Gain% | 72.6% |
CarTrade Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CarTrade Tech Ltd. | 2793 | 12801.5 | 58.3 | 1.2 | 16.7 | 9 | 7.4 | 869.8 | 22.3 | 223 | 65.6 | 47.9 | 49 |
| Eternal Ltd. | 315 | 303986 | 702 | 15.7 | 4.5 | 1.2 | 0.9 | 55760 | 161.5 | 366 | -30.6 | 0.4 | 44.8 |
| FSN E-Commerce Ventures Ltd. | 332 | 95081.1 | 371.2 | 1.7 | 8.9 | 13.9 | 4.3 | 10055.1 | 26.1 | 199.4 | 201.8 | 0.9 | 221.1 |
| Meesho Ltd. | 191.4 | 88472 | -73.7 | 6.4 | -31 | -17.2 | 13099.1 | 32.3 | -1357.7 | 65.6 | -2.6 | ||
| Info Edge (India) Ltd. | 1225.3 | 79451 | 54.8 | 1.1 | 24.2 | 3.8 | 3 | 4343.3 | 10.7 | 1449.8 | 50.7 | 22.4 | 50.7 |
| Swiggy Ltd. | 280.8 | 77495.8 | -20.7 | 16.9 | 3.1 | -22.7 | -16.4 | 23561 | 50.8 | -4154 | -33.3 | -13.6 | -1.2 |
CarTrade Tech INFORMATION ON IPO ISSUE
About CarTrade Tech
CarTrade Tech was incorporated on April 28, 2000 as ‘Kaymo Fastener Company Private Limited'. The company is a multi-channel auto platform with coverage and presence across vehicle types and value-added services and operates under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz.
Object of the Issue
1. To carry out an offer for sale.
2. To achieve the benefits of listing the Equity Shares on the stock exchanges.
CarTrade Tech Book Running Lead Managers
Axis Capital Limited
ctpl.ipo@axiscap.in
Citigroup Global Markets India Private Limited
cartradeipo@citi.com
Kotak Mahindra Capital Company Limited
cartrade.ipo@kotak.com
Nomura Financial Advisory and Securities (India) Private Limited
cartradeipo@nomura.com
CarTrade Tech Registrar to the Offer
Link Intime India Private Limited
cartrade.ipo@linkintime.co.in
CarTrade Tech Strengths
Leading platform
A leading platform for automotive sales with a synergistic ecosystem
Multiple brands
Operate various brands i.e. CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, AutoBiz, etc.
Range of services
A comprehensive range of services i.e. automotive buying, selling, financing, marketing, etc.
Business model
The company has a profitable and scalable business model
CarTrade Tech Risks
Dependent on supply
The company may be adversely affected by a general decline in individual car ownership
Competitive industry
The company operates in an increasing competition industry
Dependent on online platform
The company is highly dependent on its online platform
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2,998.5 crore, of 18,532,216 shares.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 1585.0 - 1618.0.
The IPO application opens on Aug 09, 2021 and closes on Aug 11, 2021.
The minimum lot size for the IPO is 9. The maximum lot size for the IPO is 117.
For all category investors, the minimum application amount for this IPO is Rs. 14,562.0, the maximum value for this IPO is Rs 189,306.0.
This IPO will be allotted on Aug 17, 2021.
The refund will be credited to your account on Aug 18, 2021.
The allotted shares will be credited to your demat on Aug 20, 2021.
CarTrade Tech Ltd.’s shares listed on the stock exchanges on Aug 20, 2021.