Cartrade Tech Limited – DRHP

Our platforms, CarWale and BikeWale, ranked number one on relative online search popularity when compared to their key competitors over the period from April 2020 to March 2021, while Shriram Automall is a leading used vehicle auction platform based on a number of vehicles listed for auction for the financial year 2020 (Source: RedSeer Report). Among our key competitors, we were the only and most profitable automotive digital platform (Source: RedSeer Report). In recent years, we have significantly expanded our business, with our total income increasing at a CAGR of 45.94% between financial years 2018 and 2020. For the nine months ended December 31, 2020 and the financial year 2020, our total income was ₹ 1,896.05 million and ₹ 3,184.45 million, respectively, and our restated profit for the period or year was ₹ 850.53 million and ₹ 312.94 million, respectively. Our Adjusted EBITDA margin was 26.46% and 22.71% for the nine months ended December 31, 2020 and the financial year 2020, respectively.

IPO Timeline:

Date of filing17 May 2021
IPO OpenYet to be declared
IPO closeYet to be declared
Allotment DateYet to be declared
Initiation of RefundsYet to be declared
Credit of shares in DematYet to be declared
Listing on exchangeYet to be declared

Issue Details:

ExchangeBSE, NSE
Issue Type
Face Value
Price Band
Lot Size
Issue Size
Offer for Sale
Fresh Issue

Subscription Quota:

CategoryQuota
QIB
NII
RII
Total

Subscription Status:

CategorySubscription
QIB
NII
RII
Total

Profit & Loss Statement (₹ in Cr) :

31 Dec 2020
(nine month)
31 March 202031 March 201931 March 2018
Total Revenue136827431398487
Total Expense172450063608594
Profit after Tax-684-2363-1013-104

Other Financials (₹ in Cr) :

31 Dec 202031 March 202031 March 201931 March 2018
Total Equity1744133312871249
Total Liability138138140108
Debt to equity0.080.100.110.09

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