CarTrade Tech IPO GMP Today, Price, Dates, Review (CarWale, BikeWale)

The highly anticipated and much awaited IPO of August 2021 is here in CarTrade Tech IPO. This IPO will have a completely offer-for-sale issue. Thus, all the IPO earnings will go to the existing shareholders. Some of the popular vehicle aggregators such as CarWale and BikeWale are operated by this company along with few others. Investors have their stakes high on this auto trading platform so let’s see how it fares in the Stock Market. Now, let's check the CarTrade Tech IPO GMP Today, Price, Dates, Review, Lot Size, and more.

CarTrade Tech Limited is a multi-channel auto platform with access to many vehicle types. It trades old and new cars, bikes, etc from customers and dealers via online and offline mediums. CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz are the brands it operates.

CarTrade.com also deals in vehicle dealerships and vehicle OEMs (original equipment manufacturer). This company was started in 2000. Its core interests include buying, selling, marketing, and financing of vehicles. Thus, makes it a profitable & scalable business vertical.

Check out the CarTrade Tech IPO Issue Size, Fresh Issue, and Offer-For-Sale.

Get to know all the important CarTrade IPO dates of 2021.

The CarTrade IPO Share Price is fixed at a price band of Rs 1585-1618 per equity share. The face value of this issue is Rs 10 per equity share.

The CarTrade Tech IPO Lot Size is 9 shares with value of Rs 14,562. You can buy in multiples of 9 upto 13 lots i.e. 117 shares amounting to Rs 1,89,306.

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The CarTrade IPO GMP Today (5th August 2021 | 10:39) aka Grey Market Premium is Rs 640-650 which is extraordinary. The CarTrade IPO Kostak rate is going at Rs 800 which is again great.

At the end of FY 20-21, CarTrade had an average of 3.2 crore unique visitors per month and 8,14,316 vehicles were listed for auction. Moreover, it acquired CarWale in 2015 and Shriram Automall (51% stakeholder) in 2018. Additionally, its investors include Warburg Pincus, Temasek (Singapore), JPMorgan and March Capital Partners.

The company financials also looks strong in terms of profits as it garnered around Rs 101 crore in FY 20-21 compared to Rs 26 crore in FY 18-19. It has also improved its assets value by around Rs 500 crores.

Its business verticals are such that even in the long term they can be betted on. In addition, stock market technical experts have shown great faith in this IPO from the day it was announced. Therefore, you can buy the CarTrade IPO for listing and long-term gains (not specific).

Disclaimer : We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestion. Consult your financial advisor before making any decision.