Company Background
CarTrade is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. The company is a professionally managed company and does not have an identifiable promoter. The company is backed by Warburg Pincus, Singapore’s state investor Temasek, JPMorgan and March Capital Partners.
Business Information
The company reported revenue of ₹281.53 crores in 2021 while the revenues were around ₹318.44 crores in 2020. The profit was ₹101.07 crores in 2021 against ₹21.29 crores in 2020. The company platform operates unders several brands such as CraWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz. Through these platforms, the company enables new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner.
Facts about the company
The weighted average return on net worth for the last three fiscals stood at 3.52 per cent.
For the June 2021 quarter, its consumer platforms, CarWale, CarTrade and BikeWale collectively had an average of 27.11 million unique visitors per month, with 88.14% being organic visitors.
In 2015, it had acquired rival CarWale in a move to consolidate the online auto classifieds industry.
The company’s vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.
Points to note before investing in CarTrade Tech Ltd IPO
The company has a leading marketplace for automative sales with a synergetic ecosystem
Proprietary end to end technology platforms
Company focusses on data science to provide superior solutions
CarTrade had picked up a 51% stake in Shriram Automall in January 2018 for around Rs157 crore
Profitable and scalable business model.
IPO Opening Date | August 9, 2021 |
IPO Closing Date | August 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 |
Allotment , Listing and Refunds details
Basis of Allotment Date | August 17, 2021 |
Initiation of Refunds | August 18, 2021 |
Credit of Shares to Demat Account | August 20, 2021 |
IPO Listing Date | August 23, 2021 |
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