Is it good to buy CarTrade IPO?
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Is it good to buy CarTrade IPO?
Analysts went on to add that one should buy CarTrade counter for long-term as this is a digital platform, which is properly established and it will make good money after the rise in volume as unlock theme is gaining momentum.
Is CarTrade good investment?
Analysts say CarTrade’s asset-light business model is profitable and highly scalable. As an investor with risk may consider investing for the long term.
What does CarTrade Tech do?
Part of CarTrade Tech, CarTrade is an automotive portal for cars. Customers come to CarTrade to buy new or used cars or to sell their cars. They can also research our content and use our tools such as car reviews, price guides, car specifications, car images, used car inventory, car finance offers and trade-in tools.
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.
Who owns CarTrade?
Vinay Sanghi
NEW DELHI: Online automobile classifieds firm CarTrade intends to build the country’s largest auto platform with its acquisition of rival CarWale, says Vinay Sanghi, founder and CEO of CarTrade.
What is The CarTrade tech IPO?
CarTrade Tech IPO (CarTrade IPO) Details. Mumbai based, CarTrade Tech is coming up with IPO that would open for subscription on 9th August, 2021. CarTrade Tech Ltd is a multi-channel auto platform provider company in India. Company has platform brands like CarWale, CarTrade, BikeWale etc. Company revenues are fluctuating.
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.
Is CarTrade Tech a good investment for long term wealth generation?
However, ICICI Securities is of the opinion that long term wealth generation in CarTrade Tech will be a function of scalability, relevance and journey towards healthier return ratios. CarTrade is an electronic exchange focusing on auto sector and thus there is no peer company having similar business operations.
How much of the primary market offering does CarTrade offer?
CarTrade has reserved 75 per cent of the primary market offering for qualified institutional buyers, 15 per cent for non-institutional investors and 10 per cent for retail bidders. It will not receive any IPO proceeds as it is an offer for sale and not a fresh issue of shares.