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Should I subscribe to CarTrade IPO?
We believe the company has a strong brand, better technology platforms, and a profitable & scalable business model. Hence, we recommend a ‘subscribe’ rating on the issue. CarTrade Tech offers a unique play on the rising digitisation of new and pre-owned vehicle transaction value chain/ecosystem.
Should I apply for IPO?
IPOs are attractive for investors owing to the underlying belief of buy low and sell high. It is a common belief amongst investors that the stock prices would in most cases increase after an IPO. Thus, the rush to subscribe to quality stocks of companies with sound fundamentals at a reasonable price.
Is CarTrade IPO good Quora?
It’s the only profitable company compared to its peers Car24, CarDekho etc. But the IPO is priced at exorbitant price. It is definitely not going to sustain such premium valuations.
What is GMP of CarTrade IPO?
The IPO allotment was finalised on August 17 at Rs 1,675 apiece. The unlisted shares of CarTrade are commanding a moderate premium in the grey market. According to multiple media reports, the shares are trading at a premium of 8 per cent over the issue price, which means that its GMP is around Rs 130-135.
What is current GMP of CarTrade IPO?
Cartrade IPO GMP Today
| Public Issue | Initial Public offer of 18,532,216 Equity Shares of Rs. 10 and an Offer for Sale of up to 18,532,216 equity shares |
|---|---|
| Issue Type | Book Built |
| IPO Price Band | Rs 1585 – Rs 1618 |
| Face Value | Rs 10 |
| Market Lot | 9 Equity Shares and in multiples thereof |
How much is gain expected on CarTrade?
Analysts were largely expecting an 8-15 per cent listing gain for the stock. NEW DELHI: Shares of CarTrade Tech made a tepid market debut on Friday as the scrip got listed at Rs 1,599.80 on NSE, a 1.12 per cent discount to its issue price of Rs 1,618. On BSE, the scrip got listed at Rs 1,600, down 1.11 per cent.
At what time CarTrade will list?
CarTrade Tech Listing Today: The shares CarTrade will be listed on the NSE and BSE at 10 AM today.
Is CarTrade tech IPO for subscribe or avoid?
Out of 16 , 10 financial institutes/analysts have given rating for Subscribe, 1 for Avoid and 5 hasn’t given any rating. In terms of percentage 62.5\% institutes has rated CarTrade Tech IPO for subscribe. Here we have covered CarTrade Tech IPO Notes from Research Analysts and provided you their recommendations.
In the grey market shares of CarTrade Tech are quoting at Rs 1,993 marking a premium of Rs 375 or 23\% over its issue price of Rs 1,618 apiece. After the stellar listing of Zomato, online auto classified platform CarTrade Tech will be launching its IPO (initial public offer) on Monday August 09, to raise Rs 2,998.51-crore.
Should you invest in CarTrade stock?
Investors can track CarTrade growth and profitability metrics post listing and wait for a better entry points. An EV/revenue at around 9-10 times would be the levels that may offer scope for decent returns for long-term investors, depending on other factors prevailing at that time.
Is CarTrade a profitable company?
CarTrade is a profitable company and one of the big achievements for the company, he said. He started making profits before the IPO, but he added that only three years of data need to be displayed in the offering. Second, he said it was a cash-rich company investing 600-650 chlores, cash equivalent and debt-free.