CarTrade Tech Limited IPO
1) CarWale and BikeWale, ranked number one on relative online search popularity when compared to their key competitors over the period. It is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Their platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and AutoBiz. Through these platforms, it enables new and used automobile customers, vehicle dealerships, vehicle OEMs, and other businesses to buy and sell their vehicles in a simple and efficient manner. They offer a variety of solutions across the automotive transaction value chain for marketing, buying, selling, and financing new and pre-owned cars, two-wheelers as well as pre-owned commercial vehicles, and farm and construction equipment.
2) It generates revenues from several business streams primarily comprising:
(i) commission and fees from the auction and remarketing services of used vehicles.
(ii) online advertising solutions on CarWale, CarTrade and BikeWale.
(iii) lead generation for OEMs, dealers, banks, and other financial institutions and insurance companies.
(iv) inspection and valuation services for banks and other financial institutions, insurance companies, and OEMs.
3) Competitive Strengths
(i) Leading Marketplace for Automotive Sales
(ii) Strong Brands and Superior Customer Experience
(iii) Proprietary End-to-end technology Platforms
(iv) Profitable and Scalable Business Model
Complete Analysis of CarTrade IPO
Objects of the CarTrade Tech Limited IPO:
CarTrade Tech Limited IPO Details:
|Open Date:||Aug 09 2021|
|Close Date:||Aug 11 2021|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built|
|Issue Size:||2998 Cr.|
|Lot Size:||9 Shares|
|Issue Price:||₹ 1585 - 1618 Per Equity Share|
|Listing Date:||Aug 20 2021|
Promoters And Management:
Financials of CarTrade Tech Limited IPO:
|Particulars (in Cr.)||FY21||Mar-20||Mar-19||Mar-18|
|Purchase of Stock in Trade||3||16||1||0.00|
|Changes in Inventories||-1||1||-1||0.00|
|Employee Benefit Expenses||130||133||127||80|
|Profit before tax||46||38||35||-3|
|Total Tax Exps||63||8||9||4|
|No. of shares||4.58||4.58||4.58||4.58|
|EPS in Rs||22||5.65||4.31||-2.35|