CarTrade Tech IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 09 Aug 2021 - 11 Aug 2021
Issue Size ₹2998.51 Cr
Issue Price ₹1585-1618
Market Lot 9 Shares
Shares on Offer 18,532,216
Registrar Link Intime
GMP ₹180-190
Kostak N/A
Subject to Sauda N/A
Listing Date 23 Aug 2021
Listing Price ₹1599.80
Listing Gain% -1.12

About CarTrade Tech Limited

They are a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Their platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz. Through these platforms, they enable new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner. Their vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.

Company Promoters

CarTrade Tech is a professionally managed company with no identifiable promoters.

Company Financials

Particulars 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets (In ₹ Millions) 19,301.99 14,704.06 14,270.94
Total Revenue (In ₹ Millions) 2,815.23 3,184.45 2,668.05
Profit After Tax (PAT) (In ₹ Millions) 1,010.74 312.94 259.17

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
12 Aug 2021 ₹180-190 N/A N/A
11 Aug 2021 ₹110-120 N/A N/A
07 Aug 2021 ₹440-445 N/A N/A
06 Aug 2021 ₹475-480 N/A N/A
05 Aug 2021 ₹610-620 N/A N/A

Strengths & Weaknesses

Strength
Weakness

CarTrade Tech Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 09 Aug 2021 0.01 0.03 0.80 0.41
Day 2 - 10 Aug 2021 0.59 0.27 1.53 0.99
Day 3 - 11 Aug 2021 35.45 41.00 2.75 20.29

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

CarTrade Tech Limited IPO FAQs

  1. When will CarTrade Tech Limited IPO open?

    CarTrade Tech Limited IPO will open on 09 Aug 2021 and close on 11 Aug 2021.

  2. What is the listing date of CarTrade Tech Limited IPO?

    CarTrade Tech Limited IPO will list on 23 Aug 2021.

  3. What is the offer price of CarTrade Tech Limited IPO?

    The offer price of CarTrade Tech Limited IPO is ₹1585-1618.

  4. What is the lot size of CarTrade Tech Limited IPO?

    The lot size of CarTrade Tech Limited IPO is 9.

  5. What is the Grey Market Premium (GMP) price of CarTrade Tech Limited IPO?

    The Grey Market Premium (GMP) price of CarTrade Tech Limited IPO is ₹180-190.

  6. What is the Kostak price of CarTrade Tech Limited IPO?

    The Kostak price of CarTrade Tech Limited IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for CarTrade Tech Limited IPO?

    The Subject to Sauda price for CarTrade Tech Limited IPO is Not Available at the moment.

CarTrade Tech Limited IPO Review/Comments

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