CarTrade Tech Ltd | Globe Capital
CarTrade Tech Ltd
Closed
Price Band
Rs. 1585 – 1618
IPO Issue Period
Aug 09, 2021 to Aug 11, 2021
Issue Size
Rs. 2998.51 Cr.
Face value
Rs. 10/-
Fresh issue
--
Offer for sale
Rs. 2998.51 Cr.
Minimum Shares for Retail
9 shares
Maximum Shares for Retail
117 shares
Listing on
NSE, BSE
Issue Type
Book Building
Tentative Listing Date
23-Aug-21
QIB
Not More than 50% of the offer
NII
Not less than 15% of the offer
Retail
Not less than 35% of the offer
Registrar to the Issue
Link Intime India Private Ltd

Axis Capital Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd

CarTrade Tech is a multi-channel auto platform with coverage and presence across vehicle types and value-added services The company offers 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. The online platforms are CarWale and CarTrade, Bike Wale, Shriram Automall (subsidiary), CarTrade Exchange, Adroit Auto, AutoBiz. CarTrade Tech is a professionally managed company with no identifiable promoters.

For year/ period ended ( in Cr.)

31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 249.68 298.28 243.28
Profit After Tax 101.07* 31.29 25.92
EPS 22.06 5.65 4.31
OPM(%) 25.29% 18.78% 19.88%
PATM(%) 13.21% 9.83% 9.71%
  • Well Positioned to Benefit from Growth of the Automotive Sector and Digitalization
  • A 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.
  • To achieve the benefits of listing the Equity Shares on the stock exchanges.

Though the automotive sector is under pressure due to the pandemic effects on its sales growth in the sector is expected as people opt more for personal vehicles to reduce their use of public transport in the near future. CarTrade Tech operates on an asset-light business model and uses technology for its online platforms. The financial performance of the Issuer is reasonable though it needs to be tracked for the upcoming quarters as well since the revenues have reduced in FY21. Hence Investors may subscribe to the Issue. The company has no listed peers.

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