Aequitas Research - Cartrade Tech (0056989Z) Cartrade Tech IPO Trading

Report

Aequitas Research

Sumeet Singh

EUR 88.49 For Business Accounts Only

Cartrade Tech IPO Trading

CarTrade Tech raised around US$400m in its India IPO. The company is backed by Warburg Pincus and Temasek.

CarTrade Tech (CTT) is an online auto portal for sale of cars and two-wheelers in India. It is a multichannel auto platform with coverage and presence across vehicle types and value-added services through its various brands, namely: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz.

We have covered various aspects of the deal in our previous notes, CarTrade Tech Pre-IPO - Acquisition adjusted growth remains low and CarTrade Tech IPO -Too expensive for our taste .

In this note, we will talk about the trading dynamics.

19/08/2021 5 EN

Underlying

Cartrade Tech

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Provider

Aequitas Research

Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.

Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.

Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.

Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.

See profile

Analysts

Sumeet Singh

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Cartrade Tech IPO Trading

Monthly LMI Update Independent Investment Research

Cartrade Tech IPO

Onewo Space-Tech Pre-IPO

Legend Biotech Follow-on Offering

Xtep International Placement

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