CarTrade IPO Details

ExchangeBSE, NSE
IPO Open Date09th – Aug – 2021
IPO Close Date11th- Aug – 2021
IPO Listing Date23rd – Aug – 2021
Face Value₹10 per equity share
Issue TypeBook Built Issue IPO
Issue Size2998.51 Crore
Issue Price₹1585 to ₹1618 per equity share
Lot Size9 Shares
Min. Lot1== 1618×9 = ₹14,562
Max. Lot13== 1618×117 = ₹189,306

About CarTrade Tech Limited

           Incorporated in 2000, CarTrade Tech Ltd is a multi-channel auto platform provider company. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company offers a variety of solutions across automotive transactions for buying, selling, marketing, financing, and other activities.

Competitive Strengths

  • A leading platform for Automotive Sales with a Synergistic Ecosystem.
  • Operate various brands i.e. CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, AutoBiz, etc.
  • A comprehensive range of services i.e. automotive buying, selling, financing, marketing, etc.
  • Profitable and scalable business model.

If you haven’t Zerodha account, you can open your demat account here

zerodha-demat-account

Steps to apply in IPO through Zerodha

1) Visit the Zerodha website and login to Console.
2) Go to Portfolio and click the IPOs link.
3) Go to the “ CarTrade IPO“ row and click the ‘Bid’ button.
4) Enter your UPI ID, Quantity, and Price.
5) “Submit” IPO application form.
6) Visit the UPI App (net banking or BHIM) to approve the mandate.