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CARTRADE VALUATION
After Norges Bank stake purchase, Elara initiates a buy on CarTrade Tech, sees 50% upside post 160% 1-year rallyElara Capital initiated coverage on CarTrade Tech with a Buy rating, targeting ₹3,590, implying 50% upside. The multibagger stock rallied 1...
Why CarTrade Tech shares crashed 19% today? Here’s what triggered the sell-offCarTrade Tech shares plunged 18.7% after JM Financial downgraded the stock to ‘Sell’ and cut its target price to Rs 1,910, citing rich valu...
CarTrade Technologies open to further acquisitions to fast-track expansion plansThe integration with OLX, CEO Vinay Sanghi said, has also helped more than double the average number of unique visitors to 68 million per m...
Cars24 saw its topline grow at lower paceIn FY23, Cars24’s operating revenue grew 7.7% year-on-year to Rs 5,535 crore. Compared to this, in FY22, the company’s revenue from operati...
CarTrade to deploy $100 mn for acquisitionsCarTrade wants to pick up a stake in companies that are driving innovation in all aspects of the automobile ecosystem, including auto finan...
CarTrade Tech to invest $100 million, eyes new acquisitions to accelerate growthIn a bid to further strengthen its position as a leading automotive platform in India the group wants to strengthen itself by acquiring and...
No IPO magic for CarTrade, loses 7.3% on debut dayThe shares that were issued at ₹1,618 each opened trading at ₹1,600 on the BSE and fell to a low of ₹1,476 in early trade before closing at...
CarTrade Tech IPO subscribed 20.3 times on final dayThe near Rs 3,000 crore IPO of the company has received strong response from high net-worth investors, institutional investors and retail i...
CarTrade IPO subscribed 99% on Day 2 of biddingThe company has already decided to allocate 55,59,664 equity shares to anchor investors at Rs 1,618 apiece, valuing the transaction size to...
Rs 2,999 crore CarTrade IPO kicks off: Should you subscribe?The issue is an offer for sale (OFS) of up to 1,85,32,216 shares by existing shareholders, being sold in the Rs 1,585-1,618 price band. At ...
CarTrade Tech IPO opens Monday: Key things to know before applyingMumbai-based CarTrade Tech is a multichannel mobility platform that is looking to raise about Rs 2,999 crore from the primary market. Here ...
‘Exorbitantly’ priced CarTrade IPO still has a dozen ‘subscribe’ callsThe owner of platforms such as CarWale, CarTrade, BikeWale and AutoBiz has a dozen brokerages recommending ‘subscribe’ ratings to the ‘exor...
CarTrade Tech likely to get Sebi nod for Rs 2,000 cr IPO this week; launch slated for AugustThe internet startup may announce the launch of the public offer on August 2 with the issue likely to open for public subscription in the s...
CarTrade files IPO papers with SebiThe IPO seeks to raise around Rs 2,000 crore
CarTrade set to file for IPO to raise up to Rs 2,000 croreCarTrade, an online auto classifieds platform, is looking at a valuation of $1.5 billion in the IPO and will look at listing later in the y...
CarTrade acquires vehicle inspection Adroit InspectionThe acquisition was made about three months after the Mumbai-based company raised $55 million in a fresh round of funding co-led by its exi...
Singapore's Temasek, March Capital lead Rs 950-crore investment in CarTradeThe money will be used to fund the cash acquisition of rival CarWale from German media conglomerate Axel Springer.