Cartrade Tech IPO Details with Share Price Range and Issue Size | Motilal Oswal
Cartrade Tech IPO Details with Share Price Range and Issue Size | Motilal Oswal

Cartrade Tech IPO Details with Share Price Range and Issue Size

Opening Date

August 09, 2021

Closing Date

August 11, 2021 

Face Value

Rs. 10 per equity share

IPO Price Band 

Rs. 1,585 to 1,618 per equity share

Minimum Order Quantity

9 equity shares 

Issue Size 

1,85,32,216 shares (Rs. 2,998.51 crores)


CarTrade Tech Limited, a company with a unique set of business verticals, had filed its IPO papers with the SEBI and has recently received the go-ahead as well. And so, the company has now planned to open up to the public in the second week of August, 2021. Here are some of the key CarTrade Tech IPO details. 

  • About the company 

If you’ve ever browsed the internet for information on cars or two-wheelers, you’re likely to have come across one of CarTrade Tech Limited’s platforms. The company, incorporated in 2000, runs multiple channels and brands focused on the automotive industry and its products. 

Some of the brands that the company operates are CarWale, CarTrade, BikeWale, Shriram Automall, CarTradeExchange, Adroit Auto, and AutoBiz. The company’s platforms are not only used to provide its customers with information on automotive vehicles, but also to connect them to new and used vehicle dealers and automotive financing entities. 

  • CarTrade Tech IPO details

Here’s a quick look at some of the most important details of CarTrade Tech’s upcoming IPO Including the CarTrade Tech IPO date and the CarTrade Tech IPO share price, among others. 

  • CarTrade Tech IPO date 

The opening date of the latest IPO of CarTrade Tech has been notified as August 09, 2021, with the IPO closing date being August 11, 2021. 

  • CarTrade Tech IPO issue size 

The entire issue of the company’s IPO is an Offer for Sale (OFS) from the promoters. Around 1,85,32,216 shares of the promoters are being put up for sale through this IPO, which is likely to net around Rs. 2,998.51 crores. 

  • CarTrade Tech IPO share price

The IPO share price band of CarTrade Tech’s upcoming IPO has also been notified. It starts from Rs. 1,585 to Rs. 1,618 per equity share, which is quite a hefty premium considering the fact that the face value is just Rs. 10 per equity share.  

  • CarTrade Tech IPO listing 

Again, as it is a mainboard IPO, the company’s shares would be listed on both the Bombay Stock Exchange and the National Stock Exchange.  

  • CarTrade Tech IPO objectives 

Since the entire issue of the company’s IPO is an Offer for Sale with no fresh issue of shares, all of the proceeds would go to the promoters and not the company. 

Conclusion

If the CarTrade Tech IPO is something that you’re looking to invest in come August 09, 2021, it would be a good idea to start the demat account opening process right away. Contact Motilal Oswal now to open demat account online within minutes.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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