CarTrade Tech Limited IPO [INITIAL PUBLIC OFFERING] Detail
About The CarTrade Tech Limited
The Company was incorporated as ‘Kaymo Fastener Company Private Limited’ on April 28, 2000 at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, and was granted the certificate of incorporation by the Registrar of Companies, Maharashtra at Mumbai (“RoC”). The name of the Company was subsequently changed to ‘MXC Solutions India Private Limited’ pursuant to a special resolution passed by the Shareholders at the EGM held on July 31, 2009, and a fresh certificate of incorporation was issued by the RoC on August 12, 2009. The name of the Company was thereafter changed to ‘CarTrade Tech Private Limited’, pursuant to a special resolution passed by the Shareholders at the EGM held on March 31, 2021, and a fresh certificate of incorporation was issued by the RoC on April 20, 2021. The Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by the Shareholders at the EGM held on April 29, 2021 and the name of the Company was changed to ‘CarTrade Tech Limited’. Consequently, a fresh certificate of incorporation was issued by the RoC on May 12, 2021.
A multi-channel auto platform with coverage and presence across vehicle types and value-added services (Source: RedSeer Report).
The Companies’ platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and AutoBiz.
Registered and Corporate Office: 12th Floor, Vishwaroop IT Park, Sector 30A, Vashi, Navi Mumbai 400 705, Maharashtra, India; Tel: +91 22 6739 8888
Website: www.cartradetech.com; Contact Person: Lalbahadur Pal, Company Secretary and Compliance Officer; E-mail: firstname.lastname@example.org
Corporate Identity Number: U74900MH2000PLC126237
COMPANY IS A PROFESSIONALLY MANAGED COMPANY AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER
Summary of Restated Consolidated Financial Information
For the year/period ended ( ₹ in Million)
|Profit After Tax||1,010.74||312.94||259.17|
CarTrade Tech Limited – IPO Details
|Issue Open Date||9 Aug 2021|
|Issue Close Date||11 Aug 2021|
|Issue Type||Book Built|
|Face Value||₹ 10 per equity share|
|IPO/Issue Price||₹ 1585 to ₹ 1618 per equity share|
|Market Lot||9 Shares|
|Min Order Quantity||9 Shares|
|Listing At||BSE, NSE|
IPO/ Issue Time Line [Tentative]
Issue Open Date
Issue Close Date
Basis of Allotment Date
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
1. To carry out the Offer for Sale
2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.