
CarTrade IPO: Key Details
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Company Information
CarTrade Tech Limited, incorporated in 2000, is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. They offer a variety of solutions across the automotive transaction value chain for marketing, buying, selling, and financing new and pre-owned cars, two-wheelers as well as pre-owned commercial vehicles, and farm and construction equipment.
Its platforms include CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and AutoBiz. Through these platforms, it 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. Their vision is to create an automotive digital ecosystem that connects automobile customers, OEMs, dealers, banks, insurance companies, and other stakeholders.
Competitive Strengths
- Leading Marketplace for Automotive Sales with a Synergistic Ecosystem
- Brands and Customer Experience Driving Powerful Network Effects
- Proprietary End-to-End Technology Platforms
- Focus on Data Science to Provide Solutions
- Profitable and Scalable Business Model
- Founder-led Management Team
Company Strategy
- Well positioned to benefit from growth of the automotive sector and digitalization
- Grow business through their digital ecosystem, online-offline presence and Vehicle-Agnostic Approach
- Create an opportunity to monetize Value-Added Services and untapped opportunities through strong customer base and technology platform
- Invest further in technology
- Supplement organic growth with selective acquisitions
Proceeds from fresh issue of CarTrade IPO will be used to:
The Company will not directly receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer
CarTrade IPO: Financials
2019 | 2020 | 2021 | |
---|---|---|---|
Revenue from Ops | ₹243.28 Cr | ₹298.28 Cr | ₹249.68 Cr |
Profit before Excep* | ₹35.43 Cr | ₹38.92 Cr | ₹46.98 Cr |
Profit after Tax | ₹25.92 Cr | ₹31.29 Cr | ₹101.07 Cr |
EPS (Basic) | 4.31 | 5.07 | 19.19 |
As of March 2020 | EPS (Avg*) | P/E (Floor) | P/E (Cap) |
---|---|---|---|
Based on basic EPS | 13.63 | 118.71 | 116.29 |
CarTrade IPO: Comparison with listed industry peers
Based on the RHP, there are no listed companies in India that engage in a business similar to that of this Company. Accordingly, it is not possible to provide an industry comparison in relation to the Company.
CarTrade IPO Dashboard
Issue Details
Type | Value |
---|---|
Issue Size | ₹2,998.5 Cr |
Offer for Sale | ₹2,998.5 Cr |
Face Value | ₹10/- per Equity Share |
IPO Price | ₹1,585 – ₹1,618 |
Lot Size | 9 shares |
Lots | Min 1 – Max 13 |
Key Dates
Date Type | Date |
---|---|
Bid Open | 09/08/2021 |
Bid Close | 11/08/2021 |
Allotment Finalization | 17/08/2021 |
Initiation of Refunds | 18/08/2021 |
Credit of Shares | 20/08/2021 |
Listing Date | 20/08/2021 |
Lot Size and Price
Lots | Shares | Amount |
---|---|---|
1 | 9 | ₹14,562 |
13 | 117 | ₹1,89,306 |
Promoter Holding
Holding | Percentage |
---|---|
Pre-Issue | 89.25 % |
Post-Issue | 48.81 % |
CarTrade IPO: Investor Quota and Shares Offered
Investor Type | Quota | Shares on Offer |
---|---|---|
QIB | 50% | 37,06,443 shares |
NII | 15% | 27,79,833 shares |
RII (Retail) | 35% | 64,86,276 shares |
Total | 100% | 1,29,72,552 shares |
CarTrade IPO: Risks
- They may be adversely affected by a general decline in individual car ownership or sudden declines in
demand for certain types of vehicles - They may experience disruptions, failures or breaches of technology platforms
- Their actual or perceived failure to protect personal information and other data could damage reputation and brands.
- They may be adversely affected by fraudulent behavior of sellers or purchasers of used vehicles listed
on platforms. - Any failure to maintain, protect and enhance the recognition and reputation of brands could limit
the ability to retain or expand the customer base and may adversely affect business.
For complete internal and external risk factors, you can refer to the RHP of the company.
CarTrade IPO: Registrar and Lead Managers
Registrar of the Issue
Link Intime
C-101, 247 Park
L B S Marg, Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Phone: 022 4918 6200
Email: [email protected]
Lead Managers of the Issue
Axis Capital Limited
Citigroup Global Markets India Private Limited
Kotak Mahindra Capital Company Limited
Nomura Financial Advisory and Securities
Phone: +91 22 4325 2183 / +91 22 4336 0000
Email: [email protected]