CarTrade Tech Limited
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 9 | ₹14,562 |
| Maximum | 13 | 117 | ₹189,306 |
Incorporated in 2000, CarTrade Tech Ltd is a multi-channel auto platform provider company. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company offers a variety of solutions across automotive transactions for buying, selling, marketing, financing, and other activities.
Competitive Strengths
- A leading platform for Automotive Sales with a Synergistic Ecosystem.
- A comprehensive range of services i.e. automotive buying, selling, financing, marketing, etc.
- Operate various brands i.e. CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, AutoBiz, etc.
Company Promoters:
CarTrade Tech is a professionally managed company with no identifiable promoters.
| 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 ₹2,998.51 Cr) |
| Offer for Sale | 18,532,216 Eq Shares of ₹10 (aggregating up to ₹2,998.51 Cr) |
| 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 20, 2021 |