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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
The money raised through the Offer for Sale goes to existing investors, not the company.
(₹ in Crore)
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CarTrade Tech Limited, incorporated in 2000, operates a multi-channel auto platform spanning several brands, including CarWale, CarTrade, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz, alongside Shriram Automall, a used-vehicle auction platform. The company's platforms serve both new and used vehicle buyers and sellers, offering listings, price discovery, marketing and value-added services to consumers, dealers and vehicle manufacturers. CarWale and BikeWale were among the most-searched platforms in their category in India in the period leading up to the IPO. The IPO itself was structured entirely as an offer for sale by existing shareholders, meaning the company itself raised no fresh capital from the issue and its paid-up equity capital was unchanged afterward. CarTrade Tech is professionally managed with no single identifiable promoter, reflecting its private-equity and venture-backed ownership history before listing.
Promoter Name is not available
Ahead of the issue opening, the company allotted about Rs 900 crore worth of shares to 43 anchor investors on 6 August 2021 at the issue's cap price of Rs 1,618 per share, including institutions such as Nomura, HSBC Global, Goldman Sachs, Aditya Birla Sun Life Insurance and several domestic mutual funds including Axis, HDFC, Kotak and Sundaram.
Source: RHP • Analysis provided for informational purposes
Last Updated: 20 July 2026, 5:30 AM
Leading online auto marketplace brands
CarWale and BikeWale were among the most-searched platforms in their category in India ahead of the issue, giving the group strong consumer recognition.
Diversified multi-channel platform
The group spans new and used vehicle listings, auctions through Shriram Automall, and value-added services, reducing reliance on any single revenue stream.
Reported profit includes a one-off tax benefit
A large part of the FY2021 reported profit came from a one-time deferred tax credit rather than core operating performance, so underlying profitability is lower than the headline figure suggests.
No proceeds to the company
Because the issue was structured entirely as an offer for sale, the company itself received none of the IPO proceeds, which instead went to selling shareholders.
CarTrade Tech Limited
1st Floor, Plot No. D-507, Shree Sawan Knowledge Park, TTC MIDC Industrial Area, Turbhe, Navi Mumbai 400703, Maharashtra, India
View on Maps →MUFG Intime India Private Limited
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