CarTarde IPO GMP - Latest Grey Market Premium Today, Open and closing dates
Know All About CarTarde IPO as on Today - CarTarde IPO GMP (CarTarde Grey Market Premium), Kostak rates, and Subject to Sauda rates, CarTarde IPO Review. We will update Gray Market Premium everyday. CarTarde IPO will start from 9th August 2021, all information about CarTarde IPO is given below.
The IPO price band of CarTarde has been fixed from ₹1585 to ₹1618. Total Issue size of CarTarde Ipo is Approx ₹2998 Cr. The company wants to raise Rs 2998 crore through Initial Public Offering (IPO). Where the company is bringing all the shares in this IPO under OFS (Offer for Sale), that is, no money will go into the company. In this IPO, All shares worth Rs 2998 crore will be sold through offer for sale. The CarTarde IPO will be listed on NSE and BSE on 23 august.
What is CarTarde IPO GMP Today?
CarTarde IPO GMP is ₹220 as on today.
What is CarTarde IPO Kostak Rates Today?
CarTarde IPO Kostak Rates is 0.
What is CarTarde IPO Expected Returns (in %)?
CarTarde IPO Expected Returns is 10-20%.
About CarTarde Limited
Cartrade Tech Company was incorporated in 2000. CarTrade Tech Ltd is a multi-channel auto platform provider company. CarTrade Tech Ltd comes under various brands like CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz etc. CarTrade is an online platform that provides a medium to buy and sell different types of vehicles like new and used vehicles (cars, bikes etc.) to customers, vehicle dealers, vehicle sellers.
This company operates in many cities of India like New Delhi, Pune, Chennai, Bangalore, Noida, Hyderabad, besides many small and big cities across the country. There is also a good variation in the company's pricing i.e. the company deals in vehicles from 1 lakh to 10 lakh and above. Through CarTrade, any user can buy and sell a vehicle in a simple and efficient manner.
Official Website : Cartrade
CarTarde GMP Today (Grey Market Premium)
| DATE | GMP | COSTAK | Subject to Sauda |
|---|---|---|---|
| 25 July | ₹0 | ₹0 | ₹0 |
| 26 July | ₹0 | ₹0 | ₹0 |
| 27 July | ₹0 | ₹150 | ₹0 |
| 28 July | ₹0 | ₹150 | ₹0 |
| 29 July | ₹0 | ₹150 | ₹0 |
| 30 July | ₹0 | ₹150 | ₹0 |
| 31 July | ₹0 | ₹150 | ₹0 |
| 01 August | ₹600 | ₹400 | ₹0 |
| 02 August | ₹600 | ₹500 | ₹2000 |
| 03 August | ₹700 | ₹500 | ₹2000 |
| 04 August | ₹650 | ₹800 | ₹4000 |
| 05 August | ₹650 | ₹800 | ₹4000 |
| 06 August | ₹450 | ₹800 | ₹4000 |
| 07 August | ₹400 | ₹600 | ₹2000 |
| 08 August | ₹400 | ₹600 | ₹2000 |
| 09 August | ₹400 | ₹600 | ₹2000 |
| 10 August | ₹320 | ₹200 | ₹1500 |
| 11 August | ₹150 | ₹0 | ₹0 |
| 12 August | ₹190 | ₹0 | ₹0 |
| 13 August | ₹220 | ₹0 | ₹0 |
CarTarde IPO Date and Price Band Details
| IPO Open | 09th August |
| IPO Close | 11th August |
| Listing Date | 23th August |
| Listing On | NSE & BSE |
| IPO Size | Approx ₹2998 Cr. |
| Fresh Issue | Approx ₹0 |
| Offer For Sale | Approx ₹2998 Cr. |
| Price Band | ₹1585 - 1618₹ per share. |
| Face Value | ₹10 per Equity share |
| PE | -- |
| Equity | 18,532,216 Shares |
| Retail Portion | 35% |
CarTarde IPO Market Lot & Size
| Minimum Lot | 01 |
| Minimum Lot Size | 9 Shares |
| Minimum Amount | ₹14,562 |
| Maximum Lot | 13 |
| Maximum Lot Size | 117 Shares |
| Maximum Amount | ₹189,306 |
CarTarde IPO Allotment & Listing Date
| Ipo Opening Date | 09 August 2021 |
| IPO Closing Date | 11 August 2021 |
| Basis of Allotment | 17 August 2021 |
| Refund Date | 18 August 2021 |
| Credit to Demat Account | 20 August 2021 |
| Listing Date | 23 August 2021 |
CarTarde IPO Review
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CarTarde Ipo Review
Long term Review Rating
Long term Review Rating
Long term Review Rating
Strength
- The company does not have only one platform but there are many platforms such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange and AutoBiz. That is, the company has a very large ecosystem, which is a plus point for the company.
- The company has a presence in both online and offline markets. Transactions can also be done through the company's website
- The company's business model is scalable and profitable, which is a good signal for the future of the company.
- The company has a wide range of services. The company deals in many services like Automotive Buying, Selling, Financing, Marketing, etc.
weakness
- Looking at the price of the company, it seems that the valuation of the company is on a higher side.
- The company also has many rivals like Cars 24, CarDekho, Mahindra FCW etc. Although none listed yet
- The company has suffered a lot due to Covid-19.
CarTarde Finacials
CarTarde tech Financials (in Crores)
| Year | Total Assets | Total Revenue | PAT |
|---|---|---|---|
| 2019 | 19301 | 2815 | 1010.74 |
| 2020 | 14704 | 3184 | 312.94 |
| 2021 | 14270 | 2668 | 259.17 |
FAQs About CarTarde Ipo
What is the CarTarde IPO opening date?
CarTarde IPO opening date is 9th August 2021.
What is CarTarde IPO GMP Today?
CarTarde IPO GMP is ₹220 as on today.
How much is CarTarde IPO Kostak Rate Today?
CarTarde IPO Kostak Rate is ₹0 as on today.
What is the CarTarde IPO Closing date?
CarTarde IPO Closing date is 11th August 2021.
What is the CarTarde IPO listing date?
CarTarde IPO listing date is 23 August 2021.
What is CarTarde IPO Subject to Sauda Today?
CarTarde IPO Subject to Sauda is ₹0 as on today.
What is CarTarde IPO Expected Returns after Listing?
CarTarde IPO Expected Returns is 30-40%.
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