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Car Trade IPO

Car Trade Tech Ltd.

₹14,265 /9 sharesMinimum Investment

IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹1,618.00₹1,600.00-₹18.00 (1.11%)

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
9 Aug ‘21 - 11 Aug ‘21₹14,2659₹1,585 - ₹1,618
Issue SizeIPO Doc
2999Cr
RHP PDF

Subscription Rate As on 11 Aug '21, 5:00 PM

  • Retail Individual Investor
    2.75x
  • Non-Institutional Investor
    41.00x
  • Qualified Institutional Buyers
    35.45x

About Company

Car Trade Tech Limited is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Its brands CarWale and BikeWale were ranked number one on relative online search popularity when compared to their key competitors over the period from April 2020 to March 2021. Shriram Automall, another brand of Car Trade Tech, is a leading used vehicle auction platform based on the number of vehicles listed for auction for the financial year 2020. Its other brands are CarTrade, CarTrade Exchange, Adroit Auto, and AutoBiz.
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Parent Organisation
Car Trade Tech Ltd.
Founded
2000
Managing Director
Vinay Vinod Sanghi
CarTrade Tech IPO Review, Date, Price, Details, Financials - Upcoming IPO 2021 | IPO review

Strengths & Risks

  • Leading marketplace for automotive sales with a synergistic ecosystem.
  • Trusted brands for automotive buyers and sellers and offers a superior customer experience that drives powerful network effects.
  • Proprietary end-to-end technology platforms.
  • Focus on data science to provide superior solutions.
  • Profitable and scalable business model.
  • A strong management team with significant industry experience.
  • Impact of a general decline in individual car ownership or sudden declines in demand for certain types of vehicles.
  • Continuing impact of the outbreak of the COVID-19.
  • Disruptions, failures, or breaches of its technology platforms.
  • Actual or perceived failure to protect personal information and other data.
  • Inability to keep pace with advances in technology or develop and introduce new and complementary products and services in a timely manner.
  • Fraudulent behavior of sellers or purchasers of used vehicles listed on its platforms.
  • Failure to maintain, protect, and enhance the recognition and reputation of its brands.
  • Inability to acquire, use, and maintain its domains and trademarks.
  • Dependency on a high ranking in organic search results or presence in app stores.
  • Failure to provide quality content on CarWale, CarTrade, and BikeWale.
  • Increase in competition among automotive digital platforms.
  • Decrease in the acceptance of its online offering as a suitable platform for the sale and purchase of vehicles.
  • Dependency on the culture and attractiveness of its platforms to potential and existing users.
  • Changing laws, rules and regulations, and legal uncertainties, including the withdrawal of certain benefits or adverse application of tax laws according to Cartrade IPO details.
  • Theft or damage of used vehicles in its auto malls.
  • Dependency on third-party service providers for many aspects of its business.

Financials

*All values are in Rs. Cr
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