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CarTrade Tech Limited IPO | CarTrade Tech Wiki.


CarTrade Tech Limited

Type-  Public.

Industry- Automobile.


Category- Services.

Founded- 2000 Year.

Founder- Vinay Sanghi


Headquarters- Navi Mumbai.

Area served- India.


Key people- Vinay Sanghi, Banwari Lal Sharma.

Products- Car Selling and Buying, Bikeswale, Carwale.

Revenue- ₹189.6 crores (US$27 million

Subsidiary- Shriram Automall

Number of employees- 1400+

Website- https://www.cartradetech.com/

CarTrade Tech is India’s leading online car sell and Buy platform. It was founded in 2000, headquartered at Navi Mumbai, Maharashtra. The company is led by Vinay Sanghi and it has multiple Auto platforms with coverage and presence across the different vehicle types and value-added services.

Table of Contents

  • History
  • Products and Services
  • IPO Details
  • Highlights 
  • Updates

History

CarTrade Tech limited MD

Cartrade tech was incorporated in 2000 and Vinay Sanghi is the CEO of the company. It worked under several brands like CarTrade, Shriram Automall, Bikewale, Carwale, Adroit Auto, Auto Biz, and CarTradeExchange. Cartrade Tech aims to create an automotive digital ecosystem that connects automobile customers, OEMs, dealers, banks, Insurance companies, and other shareholders.

In Nov 2015, CarTrade acquired the Carwale startups, the deal closed for the US $ 90 million dollars. Carwale platform shows research regarding cars. In 2018, CarTrade Tech acquired a 51% stake in the  Shriram Automall takeover from Shriram Group. Now this acquisition makes CarTrade India’s largest physical and online marketplace for vehicles.

The company raised US $ 307 million dollars in funding over 8 rounds from its investors such as Temasek, Jo Morgan, March Capital, Tiger Global Management, IIFL. Their latest funding was raised on 12 April 2021, through venture series rounds. CarTrade Tech limited has filed DRHP with the Security Experience Board of India (SEBI) for its proposed public offering in May 2021.

Products and Services

CarTrade Tech limited services

CarTrade Tech giant spread under the well-reputed brands like Carwale, Shriram Automall, Bikewale, Cartrade, Adroit Auto, Auto Biz, CarTradeExchange.

Carwale

Customers come to the Carwale platform to Buy new or used cars or sell their cars. They can also do research regarding cars and Carwale provides tools such as Car reviews, price guides, car specifications, car images, used car inventory, car finance offers, and trade-in tools. In turn, new and used cars dealers and OEMs get access to these customers and can reach out to customers.

CarTrade

Customers come to CarTrade to buy or use cars or sell cars. It gives you research tools the same as Carwale. A large number of customers using CarTrade required auto finance for their used or new vehicles purchase.

Bikewale

On this platform, customers come to buy a new two-wheeler or to sell their bikes. Customers can research using their tools such as bike reviews, specifications, finance offers, price guides. OEMs and dealers can showcase their vehicles and advertise their brands and products on Bikewale platforms.

Shriram Automall

Shriram Automall provides retail sellers, automotive dealers, financial institutions, insurance companies, fleet and individual operators, leasing companies, OEMs, and other institutional sellers with fast and convenient solutions to sell their vehicles at sale auctions conducted online as well as offline at their 114 auto malls or yards.

Adroit Auto

Adroit Auto provides on-site inspection and valuation to a wide range of companies within the insurance and baking space.

IPO Details

CarTrade Tech limited ipo

CarTrade Tech limited plans to raise Rs 2999 Cr through a public offering. The company has fixed a price band of Rs 1585 to Rs 1618 per share. The IPO will open on 9 August 2021 and close on 11 August 2021. The issue may be listed on August 23, 2021, at BSE and NSE platforms. Cartrade IPO’s latest grey market premium of Rs 440 to Rs 460 at 30 percent premium.

Highlights 

  • The leading marketplace for automobile sales with synergetic Ecosystems.
  • Brands and customers experience driving powerful network effects- Their brands Carwale, Bikewale, Shriram Automall, CarTrade, Adroit Auto, Auto Biz, and CarTradeExchange.
  • Focus on data science to provide superior solutions to the users.
  • CarTrade Tech has a profitable and scalable business model.
  • Founder-led management team.

Updates

  • Auto platform CarTrade Tech shares made a weak debut as the stock listed with a 1.11 percent discount to issue a price of Rs 1,618 per share. The stock opened at Rs 1,600 on the BSE and Rs 1,599.80 on the National Stock Exchange.
  • The stock of CarTrade Tech had a muted market debut on 20 Aug, closing with a discount of nearly 8 percent against its issue price of Rs 1,618.
  • CarTrade share price down 15% below IPO price Rs 1618, But analysts remain bullish on share. CarTrade is a digital platform for the second-hand car market, which is expected to grow from the current $27 billion to $50 billion by 2026 (By mint).

Register Office
 

Address- CarTrade Tech Ltd,
12th Floor, Vishwaroop IT Park,
S Pranavanandji Marg, Sector 30A,
Vashi, 

 

City- Navi Mumbai

State- Maharashtra 
 

Pin Code- 400705

 
Email- contact@cartrade.com

 
Tel.No-  022-67398888

Web Site- https://www.cartradetech.com/

Management
  

Aman Gupta

Founder & CEO

 

Mr. Victor Anthony Perry III

Non- Excutive Director

 

Ms. Kishori Jayendra Udeshi
Non- Excutive Director

 

Sameer Malhotra
Chief Executive Officer of Shriram Automall
  

Banwari Lal Sharma
Chief Executive Officer
 

Industry Information
 
 

Type- Public
 
Founded- 2000
 
 

Area Served- India
 
 

Parent- NA
 

 
 
 

Details
 
 

BSE: NA

 
 
 NSE: NA
 
 

Series- NA
 
 

ISIN: NA
 
 
 

 

CarTrade FAQ

What is CarTrade Tech?

CarTrade Tech is India's leading online car sell and Buy platform. Cartrade Tech aims to create an automotive digital ecosystem that connects automobile customers, OEMs, dealers, banks, Insurance companies and other shareholders.

What is GMP of CarTrade tech IPO?

Cartrade IPO latest grey market premium of Rs 440 to Rs 460 at 30 per cent premium.

Who is the owner of the cartrade?

It was founded in 2000, headquartered at Navi Mumbai, Maharashtra. The company is led by Vinay Sanghi and it has multiple Auto platforms with coverage and presence across the different vehicle types and value-added services.

When is Cartrade tech IPO allotment?

The company has fixed a price band of Rs 1585 to Rs 1618 per share. The IPO will open on 9 August 2021 and close on 11 August 2021. The issue may be listed on August 23, 2021, at BSE and NSE platforms.

What are the highlights of Cartrade tech IPO?

The leading marketplace for automobile sales with synergetic Ecosystems. Brands and customers experience driving powerful network effects- Their brands Carwale, Bikewale, Shriram Automall, CarTrade, Adroit Auto, Auto Biz and CarTradeExchange. Focus on data science to provide superior solutions to the users.

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