CarTrade IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The CarTrade IPO will hit the market soon, and you can apply for the IPO from 9th August to 11th August 2021. CarTrade is planning to raise ₹2,998.51 Crores through an IPO which consists of OFS (Offer For Sale) of ₹2,998.51 Crores by existing shareholders.

CarTrade was incorporated in Maharashtra in 2002. They are well known for their multi-level automobile brands like CarWale, AutoBiz, CarTrade, BikeWale, CarTradeExchange, Adroit Auto, and Shriram AutoMall. Their business model is very simple to understand. They connect the buyer and seller of new and used vehicles on their platform. For their customers, they provide services like buying, selling, finances, marketing, and automotive transactions.

CarTrade IPO Dates & Price Band:

Open date9th August 2021
Close date11th August 2021
Total Size of IPO₹ 2,998.51 Cr.
Fresh Issue 0 Cr.
Offer for Sale₹ 2,998.51 Cr.
Price Band1585₹1618
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

CarTrade IPO Market Lot:

The minimum market lot of CarTrade IPO is 9 shares with 14,562 applications. Retail investors can apply for 13 lots with 117 shares application worth189,306.

ApplicationLotSharesCut Off Amount
Minimum (RII)1914,562
Maximum (NII)13117189,306

Should you subscribe to CarTrade?

We have researched and mentioned the strengths and risks of the CarTrade IPO. The final verdict will help you make the right decision.

Strengths –

  • Leading platform of buying and selling vehicles online.
  • Operating many brands like CarWale, AutoBiz, CarTrade, BikeWale, CarTradeExchange, Adroit Auto and Shriram AutoMall.
  • Provide services like buying, selling, finances, marketing,etc.
  • In addition to growing profit every year, the business model has scalability.

Risks – 

  • They may harm if any of their listed vehicles is involved in fraudulent cases.

Honest Review – 

They have created a name for themselves in the online buying and selling of vehicles for a long time. Apart from this, the business model looks scalable. If execution is done on a proper level then they can achieve a good revenue. CarTrade looks like a great investment from a long-term perspective. 

Investors can invest for the listing gains in the CarTrade IPO. It’s early to predict but CarTrade IPO can give great listing gains by seeing its grey market premium. You can keep a track of CarTrade IPO GMP here.

CarTrade IPO Allotment & Listing Dates:

CarTrade IPO’s open date is 9th August and the closing date is 11th August. Allotment of shares will be done on 17th August and the listing date on NSE & BSE is 23rd August 2021.

Allotment Date for CarTrade – 17th August 2021
Refund Date for CarTrade – 18th August 2021
A credit of Shares to Demat Account – 20th August 2021
Listing Date for CarTrade –23rd August 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of CarTrade IPO:

The financials of CarTrade are very attractive. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201926723125.29
2020 31728531.45
2021 282235101.40

About 

The company’s overall vision is to create an online ecosystem that connects buyers, sellers, insurance companies, OEMs, dealers, and banks. The company started in 2002 and till now they are the leading company in this space. They have created brands like CarWale, AutoBiz, CarTrade, BikeWale, CarTradeExchange, Adroit Auto, and Shriram AutoMall. Through these platforms, they connect every stakeholder needed to build an ecosystem.

IPO Registrar Details:

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]

CarTrade Contact Details –

CarTrade Tech Limited
12th Floor, Vishwaroop IT Park, Sector 30A
Vashi, Navi Mumbai 400 705, Maharashtra, India
Phone: +91 22 6739 8888
Email: [email protected]
Website: http://www.cartradetech.com/

CarTrade IPO FAQs –


When will CarTrade IPO open for Investors?

CarTrade IPO will open on 9th August 2021 and will close on 11th August 2021.

What is CarTrade IPO Retail Portion?

The portion allocated for retail investors in CarTrade IPO is 35%

How to apply for CarTrade IPO?

You can apply CarTrade IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in CarTrade IPO?

They have created a name for themselves in the online buying and selling of vehicles for a long time. Apart from this, the business model looks scalable. If execution is done on a proper level then they can achieve a good revenue. CarTrade looks like a great investment from a long-term perspective. 

What is the allotment date for CarTrade shares?

17th August 2021 is the allotment date for CarTrade shares.

What is the listing date for CarTrade IPO?

23rd August 2021 is the listing date for CarTrade. It will be listed on NSE and BSE.

What is the cutoff price for CarTrade IPO?

The cutoff price for CarTrade IPO is ₹1618 per share.

Will CarTrade IPO give listing gains?

Investors can invest for the long term in CarTrade. It’s early to predict but CarTrade can give great listing gains by seeing its grey market premium. You can keep a track of CarTrade IPO GMP here. 


Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.


Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *