The market is flooded with IPOs, but which are worth betting on? Cartrade Tech Limited is a multi-channel auto platform that operates under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and AutoBiz. Through these platforms, they 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.

Let us discuss the company’s core strengths & weaknesses:

Strengths

• Urbanization acts as a catalyst for the demand for used cars
• Covid creates more demand for owning vehicles instead of using shared transport services
• High Internet usage has accelerated online portal usage
• Various government initiatives for this industry

Challenges

• High operating & financing costs especially for leased facilities
• High competition from established competitors
• Meet regulatory requirements
• High competitive pricing

Now the main question- Whether to apply for this IPO or not? Just click below to know the answer

"https://www.finmargin.com/cartrade-ipo-subscribe-or-not/"

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