Cartrade Tech Ltd IPO

Last Updated: 11 August 2024 6:33 PM by 5Paisa

CarTrade Tech Ltd., India's leading online auto classifieds platform serving as a marketplace for buyers and sellers interested in buying/selling new and used vehicles. According to the DRHP filed with SEBI, the total issue size of CarTrade IPO is going to be Rs 2,998.51 crore. The issue will open on August 9th and closes for subscription on August 11th. 

CarTrade IPO comprises a pure offer for sale of 18,532,216 Equity shares by its existing shareholders and promoters. 

The CarTrade Tech IPO market lot size is 9 shares. A retail-individual investor can apply for a minimum 1 lot (9 shares or ₹14,265) and a maximum up to 13 lots (117 shares or ₹185,445).

CarTrade Shareholding Pattern

Offer Details:

The offer comprises of an offer for sale. The offer for sale is comprised of 18,532,216 shares amounting to ~ ₹2,998cr and the proceeds would directly go to the selling shareholder. The objective of the issue is to achieve the benefits of listing the equity shares on the stock exchanges.

CarTrade Tech Limited is a multi-channel auto platform with coverage and presence across vehicle types and value-added services (Source: RedSeer Report). The company’s platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz. Through these platforms, the company 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. The vision of Cartrade Tech is to create an automotive digital ecosystem that connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders. The company offers a variety of solutions across the automotive transaction value chain for marketing, buying, selling and financing of new and pre-owned cars, two-wheelers as well as pre-owned commercial vehicles and farm and construction equipment.

Cartrade Tech - Financial