Subscribe to Cartrade Tech: Anand Rathi
Anand Rathi has come out with its report on Cartrade Tech. The research firm has recommended to ''Subscribe'' the ipo in its research report as on August 06, 2021.
August 06, 2021 / 05:06 PM IST
Anand Rathi IPO report on Cartrade Tech
CarTrade Tech Ltd is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. The Company’s platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz. Through these platforms, the company enable new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner. The vision of the company is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.
Valuation and Outlook
However, considering the future prospect of the company and it is also placed at a sweet spot as the first mover advantage we assign “Subscribe” Rating to this IPO investors can invest in this company with medium to long term perspective.
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