CarTrade.com

CarTrade.com, Initial public offering, Stock market 

CarTrade Tech IPO: Know what is the opinion of experts

Today, August 11, is the last day for investors to subscribe to CarTrade Tech's first public offering (IPO). This initial public offering (IPO) was launched on August 9th and received a 41 percent subscription on the first day. The company will not issue new shares through this IPO of Rs 2,998.51 crore because all 1.85 crore shares would be issued by existing shareholders under the Offer for Sale (OFS). The company has already secured Rs 900 crore from anchor investors prior to the IPO's launch.

Should I invest in CarTrade Tech's initial public offering (IPO)?

Should I invest in Cartrade Tech's initial public offering (IPO)? Let us hear from a number of analysts and brokerages on this: 

Anand Rathi; Rating : Subscribe

The Covid-19 epidemic has had an impact on the company's financial performance in fiscal year 2019-20. The company's P/E is around 199.26, and its market capitalization is Rs 7,415.95 crore, based on the upper price of the share placed in the IPO. As a result, it appears that the company's share price was kept very high throughout the IPO. Anand Rathi has awarded it a subscription grade because of the future potential and the fact that it was the first to join the market. Investors have also been urged to invest in it with the medium to long term in mind.

Antique Stock Broking; Rating : Subscribe

The values of this company, like most other internet-based enterprises, appear to be high, according to Antique Stock Broking. The corporation is concerned about a rising trend among customers to rent rather than buy a car, big changes in technology or government rules, the possibility of fraud by second-hand vehicle buyers, and the failure to protect people's data. There are several dangers. However, the company's brand platform is very strong, and its business strategy is likely to increase over time. In addition, the company became profitable in the fiscal year 2018-19, and it was the only profitable company in the sector of auto digital platform in the fiscal year 2019-20. Antique Stock Broking has recommended that you subscribe to it on this basis.

Nirmal Bang; Rating : Subscribe

In the automotive platform market, Cartrade Tech is the only profitable company in the country. In their respective categories, CarWale and BikeWale are the most popular platforms. This gives reason to believe that the company will continue to grow in the future. The company's balance sheet is likewise in fantastic shape. With these factors in mind, Nirmal Bang analysts believe Cartrade Tech is a strong investment opportunity.

Axis Capital; no rating

According to Axis Capital, India's automobile sector is extremely competitive. Cartrade Tech competes against Cars24, CarDekho, BikeDekho, Droom, and Mahindra First Choice Wheels, among others. Cartrade Tech, on the other hand, has a cutting-edge and advanced technology platform. The company's data-driven digital platform in India has a massive database of automobiles. During the three months ending June 30, 2021, the company's websites and apps handled 17.6 lakh daily user sessions.

Source: www.financialexpress.com

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