CarTrade Tech Limited IPO Detail | CarTrade Tech IPO

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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: investor@cartrade.com

Corporate Identity Number: U74900MH2000PLC126237


Company Promoters

COMPANY IS A PROFESSIONALLY MANAGED COMPANY AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER


Company Financials

Summary of Restated Consolidated Financial Information

For the year/period ended ( ₹ in Million)

Particulars
 31-Mar-2131-Mar-2031-Mar-19
Total Revenue2,815.233,184.452,668.05
Profit After Tax1,010.74312.94259.17
Total Asset19,301.9914,704.0614,270.94


CarTrade Tech Limited – IPO Details

IPO Details

Issue Open Date9 Aug 2021
Issue Close Date11 Aug 2021
Issue TypeBook Built
Face Value₹ 10 per equity share
IPO/Issue Price ₹ 1585 to ₹ 1618 per equity share
Market Lot9 Shares
Min Order Quantity9 Shares
Listing AtBSE, NSE

IPO/ Issue Time Line [Tentative]

9th Aug 2021

Issue Open Date

Issue Close Date

11th Aug 2021
17th Aug 2021

Basis of Allotment Date

Initiation of Refunds

18th Aug 2021
20th Aug 2021

Credit of Shares to Demat Account

IPO Listing Date

23th Aug 2021

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.


CarTrade Tech Limited – IPO Prospectus


IPO FAQs

When the CarTrade Tech Limited IPO will Open?

The CarTrade Tech Limited IPO opens on 9th Aug 2021.

When the CarTrade Tech Limited IPO will close?

The  CarTrade Tech Limited IPO close on 11th Aug 2021.

IPO Rating

Rating: 4.5 out of 5.
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