CarTrade is among India ‘s most popular automotive websites. With a goal to make car shopping enjoyable, they provide a range of trust-able inputs and facilities to assist car buyers in choosing the perfect car, at the best price, from the ideal vendor. CarTrade.com is an automobile platform that allows customers to purchase and sell new and old vehicles. Business-to-business (B2B) and business-to-consumer (B2C) activities are supported by this Portal. CarTrade Exchange is a dealer network that assists them in handling their businesses. This distributor site for B2B transactions helps distributors to track their digital transactions and sales.

In addition to its online marketplace, it has a regional operation in India, with a chain of over 5,200 distributors spread across 90 cities. Over 2,36,000 registered used vehicles are presently listed on the platform.

Objects of the Issue:

The company aims to utilizes the net proceed towards the following objectives;
• To carry out an offer for sale.
• To achieve the benefits of listing the Equity Shares on the stock exchanges.

Company Financials:



CarTrade Tech IPO Details



CarTrade Tech IPO Tentative Timetable

The CarTrade Tech IPO open date is Aug 9, 2021, and the close date is Aug 11, 2021. The issue may list on Aug 23, 2021.



CarTrade Tech IPO Lot Size

The CarTrade Tech IPO market lot size is 9 shares. A retail-individual investor can apply for up to 13 lots (117 shares or ₹189,306).

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.