Follow these steps for checking allotment status:
Visit to BSE official website only
OR
Visit to Cartrade Official registrar
of IPO which is Linkintime India Private Ltd.
Steps to follow:
1) Open
the Website BSE or Linkintime India private ltd
2) Select
IPO name “cartradetech"
3) Fill
IPO Application Number or PAN number
4) Tick
on “no robot” box
5) Then
press submit icon button
Now you will see the status of you IPO
Allotment.
Should you Buy, Sell Or Hold after Listing of Cartrade tech IPO:
Cartrade tech IPO subscribed more than
20 times. Cartrade Tech Ipo is
getting grey market premium is more than 10% which is nearly 162rs from the
company IPO share price range 1585rs to upper price band of 1618rs . Lot size
is bit small which 9 shares per lot . If we will take about the company
business model then it has good business model or we can say that company
business is as per the current market demand. Company came up with the offer
for sale option. Company has good brands like bikewale, carwale, car trade exchange, Autobiz and few more. The
demand for the cars will increase in the coming years but due to covid 19 the sale came to the lower
levels but it happened with the all Automobile companies. Car trade tech deals
with trading in used & new cars which is not a bad business but some time
local market give competition into the used car sale segment.
Even experts are expecting good monsoon
in India. It will increase the sale of the four and two wheeler segment because
if the earning of the rural area will increase then money spending power of the
people will increase.
Cartrade Tech is India's main online
auto entrance for the two cars and bikes, in light of relative online inquiry
fame in FY21, and is a main pre-owned car sell off stage dependent on number of
vehicles recorded available to be purchased for FY20. Among their key rivals,
they were the just and most productive car digital stage. CarTrade effectively
puts resources into further developing their technology, for example, their AI
and AI abilities to give more significant and convenient data to their clients,
and upgrade client experience. they have
given a vendor the management framework (DMS) to BMW India to help all BMW
sellers in India maintain their trade-in vehicle businesses in a proficient and
digitally-advanced way.
If we will make a trust on above
discussion the Cartrade IPO may be
the IPO for long term investors. It is not for listing gains only but for long
term investor it may be the good choice. For traders it is always advisable to
book profit on rise. Even booking of profit is also advisable for long term investors.
If anyone has applied for only listing gains then profit booking on rise will
be good strategy.
The IPO of Car Trade Tech, a
multi-channel auto stage supplier, has subscribed in excess of multiple times,
as it has earned offers for in excess of 26 crore value shares against IPO size
of 1.29 crore value shares on definite day of offering. The held part of
qualified institutional purchasers saw in excess of multiple times. The
non-institutional investors subscribed in excess of multiple times. Retail
investors offered great help and were subscribed 2.75 occasions.
Market
cap And Company Plans for fund-raising from the market:
The company intends to raise almost
3000 crore through initial public offering at the more exorbitant cost band of
Rs 1,618 for every offer. 900 crore previously raised from Anchor financial
backers. Or investors
Services by carwale
segment:
CarWale and Car Trade items and administrations on to the large numbers of clients that visit to organization stages. Our wide customer reach permits us to help OEMs construct and reinforce their brands. We additionally give OEMs customer bits of knowledge and information driven arrangements, to help them assemble their computerized showcasing techniques
A great many clients visit CarWale and CarTrade every month to research and purchase another car. We give these clients content and exploration instruments, for example, car audits, exact on street costs, car details, car pictures, car finance offers, and that's just the beginning. Clients can communicate interest in another car and we associate them to the right new car seller. New cars vendors can gain admittance to these clients and contact them and accordingly augment their deals
Countless clients come to CarWale and Car Trade to purchase a pre-owned vehicle and to sell their trade-in vehicle. We give these clients a huge pool of pre-owned vehicles to look over utilizing progressed channels and sort alternative. They can likewise utilize apparatuses, for example, value guides, accreditation, and all the more so they can execute with more certainty. Clients can communicate interest in a pre-owned vehicle and we associate them to the right pre-owned vehicle seller. Utilized cars sellers can join with us to grandstand their stock on our destinations and gain admittance to these clients and contact them.Clients can communicate interest in another bike and we interface them to the right new seller. New bike vendors can gain admittance to these clients and contact them and in this manner augment their deals.
Services
offering by bikewale segment:
Millions of clients visit BikeWale every month to research and purchase another bike. We give these clients content and exploration devices like surveys, precise on street costs, bike determinations, pictures, finance offers, and the sky is the limit
Services offering by
Shriram Auto mall segment:
Consumers and Businesses need to sell their vehicles effectively, at great costs and inside characterised timetables. Venders can list their vehicles, including cars, bikes, trucks, ranch gear and development hardware with Shriram Automall and individual and armada administrators and auto vendors can offer on and purchase these vehicles through on the web and disconnected channels. We have made a convincing remarketing and trade-in stage to empower merchants to accomplish quick, beneficial turnover for their stock. As a component of an online-disconnected arrangements offering, Shriram Automall has a dish India presence with more than 114 Automalls across India.
Management
Team:
Vinay Sanghi, Chairman, chief
executive officer managing director of
cartrade tech
Sameer malhotra is chief executive
officer of shriram auto mall & akshay Shankar is chief product officer of
the group.
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