Cartech Trade IPO Alert : What's in there?

Cartech Trade is a multi-channel auto platform for your two wheelers and four wheelers. It's a scalable and profitable business as company is operating many brands like Carwale, Cartech, Bikewale, Shriram Automall etc under its vision.

It provides various range of services which includes buying, selling, financing, marketing etc.

Fundamental Factors:

Last 3 years Total Assets : Growing from Rs. 14270 cr. To Rs. 19301 cr.

Last 3 years Total Revenue: Stable and Growing from Rs. 2668 cr to Rs. 2815 cr.

Last 3 years PAT: Growing from Rs. 259 cr to Rs. 1010 cr.

What's the Listing Gain we can expect?

- GMP of Rs. 400 or 30-40% Listing Gain is expected

Other Details:

IPO Start Date: 9th August 2021

IPO End Date: 11th August 2021

Listing Date: 23rd August 2021

Lot Size: 9 Shares

Cutoff Price: 1618

Conclusion: We can expect decent gains from listing.