• By Elite Wealth
  • / August 11, 2021
  • / whatsnew
Rs.1585-Rs.1618per Equity share Recommendation: Listing Gain

Company Profile: –

Car Trade Tech Limited(CTTL) is a Multi-Channel Automobile platform that engaged in the business of buying, selling, Marketing, Financing of used and new Cars. Two Wheelers. Farm and Construction Equipment through it’s various dealershipand operates under several brands Car wale, Car Trade, Bike Wale, Car Trade Auto, Shri Ram Auto Mall, AutoBiz and Adroit Auto with presence and coverage across India.Company Bike wale and car wale platform  Ranked No.1 in online search popularity relative to it’s peers in FY21.Collectivey Car Trade, Car wale, Bike Wale had an average of 27.11 million unique visitors per month with 88.14% Being organic visitors. it’s subsidiary Shriram Automall witnessed  one of the leading used platform for vehicle Auction in FY20. Company Apps and websites handled 2.15 million and 1.76 million user sessions per day in Q4FY21 and Q1FY22 respectively. Company is backed by several marquee Investors Such as JP Morgan and March Capital , through their affiliates MacRitchie Investments Pte. Ltd, Highdell Investment Ltd, Springfield Venture International and CMDB II


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Issue Details
Objects of the issue  

·   To Carry out offer for Sale.

·    To gain the benefit of listing the Equity shares on Stock Exchange.

Issue Size Issue Size – Rs.2998.51 Crore

Offer for Sale-Rs.2998.51Crore

Face value  

Rs.10 Per Equity Share

Issue Price Rs. 1585– Rs. 1618
Bid Lot 9 shares
Listing at  


Issue Opens: 9th August 2021 – 11th August 2021
QIB 50% of Net Issue Offer
Retail 35% of Net Issue Offer
NIB 15% of Net Issue Offer

Financial Performance:

Financial -Performance-CARTRADE



CAR TRADE TECH LIMITED IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To  CAR TRADE TECH LIMITEDIPO Allotment Status
  2. Go to Application Status
  4. Enter your PAN Number or Application Id or DP Client Id.



Application Form


Shareholding Pattern:

Shareholding Pattern Pre- Issue Post Issue
Public Investors 83.82% 45.60%
Public Other 16.22% 54.40%
Source: RHP,,EWL Research,


  • Strong Financials across Industry.
  • Diverse range of services.
  • Different offering across different platforms.

Key Highlights:

  • In FY21,Revenue decline by 16.29% Y-o-Y at Rs. 249.68 crore and witnessed the CAGR growth of 1% from FY19-FY21.
  • PAT stood at RS.101 crore increased by 2.23 Times Y-o-Y in FY21 backed by adjustment of Deferred tax asset.
  • Profit per vehicle has been increased to 3 times to Rs.6450 per vehicle and Total Vehicle Sold Stood at 1,56,689 in FY21.
  • In Q1FY22,Average monthly unique visitors increased by 76% Y-o-Y at 2.7 crore.
  • In FY21, CFO/PAT Stood at 0.35 Times vs 0.55 Times in FY20.
  • EBITDA stood at Rs.77.75 crore witness growth of 19% Y-o-Y.
  • Company is Debt-Free.

Risk Factors:

  • Company face Competition and could loose market share against it’s largest peers like CARS24,Droom etc.
  • The Third wave of Covid-19 could affect the Financial performance of the company.


CTTL  is a  multi-channel platform that provide services like Buying and selling of AutomobilesandFocuses on Data Science to Provide Superior Solutions to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders. CTTL is the unique player in the Industry and there is no listed player in this Industry. It is the only profitable company against its peers and witness improve financial performance, growth in customers and increased vehicle demand in Q1FY22.India was the fifth largest car market in the world in calendar year 2020 and is expected to become the third largest automotive market in the world in terms of volume by 2025.As Demand of Automobile has seen uptrend in the previous months we expect the momentum to continue in the future.At the higher end of the price band of Rs. 1618, the stock is offered at a PE multiple of 73x on FY21 Post issue EPS of Rs.22.06 which seems higher on valuation front.Thus, We would recommend Lisitng gain.

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