Car Trade Ipo Review

Selling and financing of new and pre-owned cars two-wheelers commercial vehicles and other vehicles. On the balance-sheet front it is a net cash-positive company with surplus cash amounting to around Rs 650 crore as of FY21 say brokerages.

Cartrade Tech Ipo Review All You Need To Know Date Share Price Gmp Review Details

Its revenues have declined in FY21 compared to FY20.

Car trade ipo review. One of the major reason is due to covid-19 pandemic which has hit several businesses. CarTrade IPO date is 09-11 August 2021. CarTrade Tech IPO.

As per the latest grey market rates the CarTrade. For the financial years 2021 2020 and 2019 the companys total income was Rs 28152 crore Rs 31844 crore and Rs 26680 crore. Cartrade shares made a low of Rs 1481 after listing at 1 discount to issue price of Rs 1618 Representational image New Delhi.

CarTrade Tech IPO is a main-board IPO of 18532216 equity shares of the face value of 10 aggregating up to 299851 Crores. CarTrade Tech IPO - Read CarTrade Tech IPO Review and Analysis on The Economic Times. CarTrade Tech shares will be listed on the NSE and BSE on Friday today.

This resulted in a trading price of Rs 1768-1788 per share. 2 Company may be adversely affected by general declining in individual car ownership or sudden. The IPO entails an offer for sale of up to 18532216 Equity Shares by the Selling Shareholders namely CMDB II Highdell Investment Ltd Macritchie Investments Pte.

Find out CarTrade Tech IPO Issue Price Subscription Dates and Status CarTrade Tech IPO Listing Date and more. Who is the registrar of CarTrade Ltd. KFintech Private Limited is the registrar for the IPO.

It is quite demanding for a company which has not yet established itself as a good business model. Messages Review By Dilip Davda on Aug 3 2021 CTTL is a profit-making multi-channel auto platform. The three-day IPO received 263174823 bids.

We are surprised looking at Car Trade IPO valuation. NSE Gainer-Large Cap. CarTrade Tech IPO Review.

Date Review Price Apply Form Lot Size Listing Date. The issue size of the Car Trade Tech Limited IPO is an offer for sale of Rs12354811 equity shares. Multichannel mobility platform CarTrade Tech is making its debut in the market with an IPO.

At the upper end of the price band the IPO is offered at 44 times price-to-book value and 296 times EVsales and 734 times price to earnings PE. The CarTrade IPO subscribed 2029x times overall that comprises QIB 2545x NII 4100x and Retail 275x. There is no fresh issue of the shares and the initial public offering will be entirely an offer for sale worth Rs.

299851 crore with 18532216 crore equity shares of Rs. 3000cr entirely through an offer of sale. Barrier to entry is NIL.

It provides buysell of new second-hand vehicles with other related services online. August 1 2021 by policeresults-----Sponsered Ads-----. The companys initial public offering IPO was oversubscribed 2029 times on the final day beginning on August 9 2021 and ending on August 11 2021.

Multi-channel auto platform CarTrade Techs initial public offer IPO launched on Monday August 9 in a bid to carry out an offer for sale. It has been reported robust performance for FY21 with book entries of. CarTrade Tech incorporated in 2000 functions as a host of sorts connecting new car owners and used car.

CarTrade IPO to list on NSE and BSE on 20 August 2021 Friday at 1000 AM. Cartrade Grey Market NewsToday on 10082021 1000 AM Grey Market Premium Rs 245255. Its revenues were at Rs 3184 Crores in FY20 Vs Rs 2815 Crores in FY21.

If one excludes accounting adjustments for deferred tax and attributes it to equity the asking price is at a PE of around 19926 times to its FY21 earnings with a market cap of Rs 741595 crore which shows the issue is priced. Shares for 12972552 shares offered according to data available on the exchange. Apollo Hospital 492050 5754.

We expect there could be huge wealth destruction in this space Cash burn to expand market and win customers till clear winners emerge. The shares are proposed to be listed on BSE NSE. Car Trade Tech IPO Review and Details.

CarTrade Tech made a weak debut on stock exchanges on Friday with its shares getting listed at Rs 15998 per share on the NSE a discount of more than 1 to its issue price of Rs 1618 apiece. The minimum order quantity is 9 Shares. The company got a good response on the last day of the subscription where QIB and NII came up with the good numbers.

CarTrade Tech shares made a weak debut on BSE and NSE on Friday 20 August 2021. IPO Issue Size- Car Trade Tech is all set to hit the market on August 9 and close on August 11The IPO size is Rs. Link Intime India Private Ltd is the registrar for the IPO.

What are the. Risk Factors in Car Trade Tech IPO. 1 Company revenues are fluctuating.

Ltd Springfield Venture International Bina Vinod Sanghi Daniel Edward. FEATURED FUNDS ICICI Prudential Asset Allocator Fund FOF Dire. CarTrade Tech IPO review May apply IPO Details.

CarTrade IPO Listing. Shares were available at a premium of Rs 150-170 or 93-105 percent in the grey market IPO Watch and IPO Central data showed. CarTrade IPO had earlier received bids for 263174823 shares against 12972552 shares on offer.

August 9 2021 IPO Review email protected CarTrade Tech IPO plans to raise about Rs. Check CarTrade Tech IPO review price band market lot size IPO form listing allotment. The issue is priced at 1585 to 1618 per equity share.

CarTrade Tech shares got listed at Rs 1599 down 112 per cent from the IPO of Rs 1618 apiece. The IPO opens on Aug 9 2021 and closes on Aug 11 2021.

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