Table of Contents
Is CarTrade good for long term investment?
“As an investor with risk may consider investing for long term,” he said. CarTrade raised Rs 2,998.51 crore through its initial public offering which was an offer for sale by shareholders. Astha Jain, Senior Research Analyst, Hem Securities, said investors should book partial profits and remaining for the long term.
Is CarTrade debt free?
The company is debt free and has a history of generating positive free cash flows (FCFs). CarTrade’s platforms such as CarWale and CarTrade platforms offer customers to research and connect with dealers and OEMs.
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.
Why are CarTrade shares falling?
The major disappointing factor from CarTrade was that its IPO was 100 per cent offer-for-sale (OFS) therefore no money going into business for future expansion while high competition and low entry barriers are the other risk factors.
Is CarTrade a good company?
This is a scam company looting investor money and duping on broad daylight. If you want to be scammed definitely use car trade.
What is CarTrade IPO?
CarTrade IPO Features Synergistic Automotive Sales Platform. Manage multiple brands. Services that cover a range of needs. Scalable and profitable business model.
What does CarTrade Tech do?
CarTrade Tech Ltd. is a multi-channel auto platform with presence across vehicle types and value-added services. CarTrade Tech Auto platform with presence across vehicle types and value-added services.
Will CarTrade increase?
Advising investors to buy CarTrade shares for long-term; Avinash Gorakshkar, Head of Research at Profitmart Securities said, “CarTrade is a digital platform for second hand car market, which is expected to grow from current $27 billion to $50 billion by 2026 — delivering CARG growth of 15 per cent.
Can I buy CarTrade IPO?
CarTrade Tech will be issuing 1.85 crore equity shares, the entire public offer is an offer for sale from existing selling shareholders….CarTrade Tech IPO Closed.
| IPO date | 09 Aug 2021 – 11 Aug 2021 |
|---|---|
| Price range | 1585 – 1618 |
| Minimum order quantity | 9 |
| (D)RHP | View |
Can we apply CarTrade IPO?
Investors can subscribe to the initial public offering (IPO) by betting for a minimum of 9 shares or in multiples thereof. A single lot of the IPO is worth Rs 14,562 at the upper range of price band. Retail investors can bid for a maximum of 13 lots. What is the issue size of the CarTrade Tech IPO?
Should you subscribe to CarTrade IPO?
However, the company is doing better compared to its unlisted peers in terms of financials. 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.