IPO Issue Details
Issue Price / Price Band₹1,618 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size9 Shares per Lot
Total Issue Size1,85,32,216 shares (aggregating up to ₹2,998.51 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 09 Aug 2021
Subscription CloseWed, 11 Aug 2021
Anchor AllotmentFri, 06 Aug 2021
Basis of AllotmentTue, 17 Aug 2021
Initiation of RefundsWed, 18 Aug 2021
Credit of Shares to DematFri, 20 Aug 2021
Listing DateFri, 20 Aug 2021
UPI Mandate Deadline2021-08-11
Application & Investment Details
Retail — Min (1 Lots)₹14,562 — 9 shares
Retail — Max (13 Lots)₹189,306 (13 Lots)
HNI — Min (14 Lots)₹2,03,868 — 126 shares
Pre-IPO Promoter Holding4,58,34,067 shares
Post-IPO Promoter Holding4,58,34,067 shares
About CarTrade Tech Ltd.
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 StrengthsA leading platform for Automotive Sales with a Synergistic Ecosystem.Operate various brands i.e. CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, AutoBiz, etc.A comprehensive range of services i.e. automotive buying, selling, financing, marketing, etc.Profitable and scalable business model.
Objects of the Issue
(Standard — DRHP pending)
CarTrade Tech Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with
SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding
4,58,34,067 shares
Post-IPO Promoter Holding
4,58,34,067 shares
Lock-in Period (30%)September 16, 2021
Lock-in Period (50%)November 15, 2021