CarTrade Tech Ltd

CarTrade tech ltd was incorporated in 2000, it is a multi-channel auto platform provider company. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company was first incorporated as ‘Kaymo Fastener Company Private Limited’ on April 28, 2000 at Mumbai, Maharashtra later on April 29, 2021 the name of company was changed to ‘CarTrade Tech Limited’. The company offers a variety of solutions across automotive transactions for buying, selling, marketing, financing, and other activities. Cartrade connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. CarTrade Tech is a professionally managed company with no identifiable promoters. Various objective of the company is to carry out an offer for sale and to achieve the benefits of listing the Equity Shares on the stock exchanges. The company’s adjusted EBITDA margin was 27.62% and total income was 2,81.523 crores, for the financial year 2021.Their shareholding pattern consists of Public 100% in which Highdell Investment Ltd having 34.44%, MacRitchie Investments Pte. Ltd. having 26.48%, CMDB II having 11.93%, Springfield Venture International having 7.09%, Vinay Vinod Sanghi having 3.56% and MCP3 SPV LLC having 2.70%.For FY 21, the company had Total Assets of Rs 19,301.99 million and a Revenue of Rs. 2,815.23 million. Total Assets, Revenue & PAT showed an increase from the past two financial years, which is a good sign. The opening IPO date is Aug 9, 2021 till Aug 11, 2021 with the IPO price of Rs ₹1585 to Rs 1618 per equity share. The issue size of the IPO is supposed to be ₹2998.51 Cr. Looking at the company’s financials, it is suggestible to invest in CarTrade Tech IPO for long term.