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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Cartrade Tech Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹1,618
Per ShareLot Size
9 Shares
Minimum Investment
₹14,562
Issue Size
₹2,937.36 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE290S01011
Cartrade Tech Limited is India's number one online auto portal for both cars and two-wheelers, based on relative online search popularity in FY 2021, and it is one of the leading used vehicle auction platform based on number of vehicles listed for auction for FY 2020. Among its key competitors, it was the only profitable digital auto platform for FY 2020. It is a multi-channel auto platform with coverage and presence across vehicle types and value-added services through its brands, namely: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz. Our revenue primarily comprises of commission and related income which includes commission and fees from remarketing services and inspection and valuation services of used vehicles as well as website services and fees which includes revenues generated from online advertising solutions, lead generation, technology based services and sale of used cars.
Online auto platforms match buyers and sellers on a single platform efficiently and at scale. Consumers for used and new vehicles can research and connect with dealers. Dealers can target potential purchasers and sellers. OEMs and other stakeholders can reach consumers to build their brand and generate sales. There is a constant move towards online auto portals, with their total addressable market in India estimated at US$ 14.3 billion in FY 2020
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 18,532,216 equity shares of face value of Rs. 10 each ("equity shares") of CARTRADE TECH LIMITED ("company") for cash at a price of Rs. 1618 per equity share (including share premium of Rs. 1608 per equity share), through an offer for sale of up to 18,532,216 equity shares aggregating to Rs. 2998.51 Crores ("offer for sale" or "offer"), consisting of 2,264,334 equity shares by CMDB II aggregating to Rs. 366.37 Crores, 8,409,364 equity shares by Highdell Investment Ltd aggregating to Rs. 1360.64 Crores, 5,076,761 equity shares by MACRITCHIE INVESTMENTS PTE. LTD. Aggregating to Rs. 821.42 Crores, 1,765,309 equity shares by Springfield Venture International aggregating to Rs. 285.63 Crores (collectively, the "Investor Selling Shareholders"), and to 183,333 equity shares by Bina Vinod Sanghi (jointly held with Vinay Vinod Sanghi) aggregating to Rs. 29.66 Crores, 70,000 equity shares by Daniel Edward Neary aggregating to Rs. 11.33 Crores, 262,519 equity shares by Shree Krishna Trust aggregating to Rs. 42.48 Crores, 50,546 equity shares by Victor Anthony Perry III aggregating o Rs. 8.18 Crores, 450,050 equity shares by Vinay Vinod Sanghi (jointly Held with Seena Vinay Sanghi) aggregating to Rs. 72.82 Crores, (collectively, the "other selling shareholders" and together with the investor selling shareholders, Shall be refered to as the "selling shareholders", and such equity shares, the "offered shares"). The offer would constitute 40.43% of the post-offer paid-up equity share capital. The face value of equity shares is Rs.10 each. Offer Price : Rs. 1618 per Equity Share of face value of Rs. 10 Each. The Offer Price is 161.8 times of the face value. Anchor Investor Offer Price : Rs. 1618 per Equity Share.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Cartrade Tech Limited 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 its 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 its 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 its 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.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.