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CarTrade Tech IPO: CarTrade Tech IPO Opens Monday: Important Things To Know Before Applying

New Delhi: In the midst of the solid excitement in the primary market, the “Profitable Digital Gaming” theme of CarTrade Tech opens on Monday.

CarTrade Tech, based in Mumbai, is a multichannel mobility platform that sells about Rs 2.999 billion in the primary market. Here are the top things you should know about going public.

  1. When will CarTrade Tech IPO open for subscription?
    CarTrade Tech IPO will open for subscription on Monday 9th August and will close on Wednesday 11th August.
  2. What is the price range for CarTrade Tech IPO?
    The price range for CarTrade Tech’s initial public offering has been set at Rs 1,585-1,618.
  3. What is the Lot Size for CarTrade Tech IPO?
    Investors can subscribe to the initial public offering (IPO) by betting for at least 9 stocks or a multiple thereof. A single lot of the IPO is worth Rs 14,562 in the upper price range. Private investors can bid on a maximum of 13 lots.
  4. What is the issue volume of the CarTrade Tech IPO?
    The offering is solely an offer to sell (OFS) up to 18,532,216 shares valued at Rs 2,998.51 billion from promoters and existing shareholders.
  5. Who are the investors who are unloading the stake in the CarTrade IPO?
    Investors participating in OFS include CMDB II, Highdell Investment, MacRitchie Investment, Springfield Venture International, Bina Vinod Sanghi, Daniel Edward Neary, Shree Krishna Trust, Victor Anthony Perry III, and Vinay Vinod Sanghi.
  6. What quota is reserved for private investors when CarTrade Tech goes public?
    50 percent of the net issue is reserved for qualified institutional buyers (QIBs), while 15 percent of the shares go to non-institutional investors (NIIs). Retail investors will have 35 percent reserved for them.
  7. When will the CarTrade Tech IPO base be determined?
    The allocation base is expected to be finalized by August 17th and reimbursements are expected to be initialized by August 18th. Shares are expected to be credited to the Demat account by August 20th.
  8. What is the CarTrade Tech listing date?
    CarTrade Tech is likely to be listed until August 23rd.
  9. Where can we check the status of CarTrade Tech’s IPO grant status?
    Bidders can check the subscription status on the online portal of Link Intime India Private Limited, the registrar of the IPO.
  10. Who are the leading book managers on the subject?
    Axis Capital, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India) have been appointed as Book Running Lead Managers (BRLMs) of the issue.
  11. What does CarTrade Tech Corporation do?
    CarTrade Tech, based in Mumbai, is a multichannel automotive platform with coverage and presence for all vehicle types and value-added services. Its platforms operate under multiple brands – CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. Through these platforms, the company enables new and used car customers, vehicle dealers, vehicle manufacturers (OEMs) and other companies to buy and sell their vehicles easily and efficiently.
  12. How is CarTrade Tech’s IPO rated?
    At the upper end of the price range, the IPO is offered at 4.4 times the price / book value (P / E) or 29.6 times (EV / sales) and 73.4 times the price / earnings ratio (P / E).
  13. How many unique visitors did CarTrade Tech have in the 2021 financial year?
    CarTrade Tech had an average of 2.6 billion average unique visitors to its websites and apps in FY21, of which 88.4 percent were organic and from unpaid sources. 8.14 lakh vehicle lists were offered on its online and offline auction platforms. The total addressable market for Indian automotive portals was estimated at $ 14.3 billion in FY20, of which CarTrade and its key competitors together held a 5 percent market share.
  14. Who are the listed colleagues at CarTrade Tech?
    There are no listed peers for CarTrade Tech. However, compared to its unlisted peers, the company does better financially, said Amarjeet Maurya, AVP for midcaps at Angel Broking.

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