Along with Nuvoco Vistas, CarTrade is also starting the public offering today. With the issue, CarTrade will raise around Rs. 14,628 crore by the end. So far, retail investors have subscribed 0.30 times, however, qualified institutional buyers and non-institutional investors have not bid so far. In this post, we have mentioned the CarTrade.com IPO GMP Today. Check Car Trade IPO Subscription Status and CarTrade.com IPO Grey Market Premium.
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- 1 CarTrade.com IPO GMP Today
- 2 CarTrade Tech Grey Market Price
- 3 Cartrade.com IPO Grey Market Premium
- 4 Car Trade IPO Subscription Status
- 4.1 CarTrade Tech IPO Grey Market Premium
- 5 Links Related to CarTrade Tech IPO GMP Today
- 5.1 cartrade.com IPO GMP Today Subscription Status FAQs
CarTrade.com IPO GMP Today
With the price band of Rs. 1585 to Rs. 1618 per share, CarTrade has started the IPO of Rs. 2999 crore today. You must be aware that CarTrade Tech is a platform that lets one sell and buy cars easily. On Friday, the company notified that it has been able to raise Rs. 900 crore from anchor investors. For the IPO, the company has decided to provide 55,59,664 shares to the investors at a maximum of Rs. 1618 per share. With this, the company can raise a transaction of Rs. 899.55 crore. This issue is an offer for sale and has 18,532,216 equity shares. Since the IPO started today, the issue is to end on 11th August 2021. Thus, by the end, the IPO can mobilize Rs. 2998.51 crore. Currently, the company is commanding an IPO premium of Rs. 380 to Rs. 385 apiece.
CarTrade Tech Grey Market Price
Even though the company deals in cars, it is preparing a digital ecosystem in India. From January to March, the company had 32 million visitors and 80% of these were organic. The main work of the company is to make people buy and sell vehicles. But, it also interconnects manufacturers, dealers, and banks. The company also mentioned that these days, there is constant growth in online auto platforms. Furthermore, CarTrade Tech is one of the largest automotive data destinations. We told you that the IPO will end on 11th August 2021. In this period, the IPO will stand at a price band of Rs. 1585 to Rs. 1618 per share. On the upper end of the price band, the company can mobilize around Rs. 2998 crore. On 17th August 2021, the company will finalize a Basis of Allotment. Last week, the CarTrade Premium fell from Rs. 700 to Rs. 310.
Cartrade.com IPO Grey Market Premium
|Opening IPO Date||9th August 2021|
|Closing IPO Date||11th August 2021|
|Type of Issue||Book Built|
|Size of IPO||Rs. 2998.51 crores with 1853216 shares|
|Offer For Sale||1853216 Shares|
|Face Value||Rs. 10 per equity share|
|CarTrade Price Band||Rs. 1585 to Rs. 1618|
|Car Trade IPO GMP||400 INR to 600 INR|
|IPO Lot Size||Nine Shares|
|Listing||BSE and NSE|
|QIB Shares||Rs. 1499.26 Crore (9266108)|
|NII Shares||Rs. 449.78 Crore (2779832)|
|RI||Rs. 1049.47 Crore (6486276)|
|Minimum Shares and Amount||Nine Shares and Rs. 14562|
|Maximum Shares and Amount||117 Shares and Rs. 189306|
Car Trade IPO Subscription Status
|IPO Starting||9th August 2021|
|IPO Closing||11th August 2021|
|Basis of Allotment||17th August 2021|
|Refund Process||18th August 2021|
|Demat Accounts Credit||20th August 2021|
|Listing of CarTrade||23rd August 2021|
CarTrade Tech IPO Grey Market Premium
Now, we would like to give you a brief about the company. CarTrade is a multi-trade platform for auto services that covers all vehicle types and value-added services. Also, the services are provided under various names. These are CarWale, CarTrade, Shriram, BikeWale, Automall, Adroit Auto, CarTradeExchange, and AutoBiz. The company provides used and new automobile customers, vehicle OEMs, and vehicle dealerships through these platforms. The company has focused on creating a digital ecosystem that enables a connection among dealers, customers, OEMs, insurance companies, banks, and stakeholders.
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Since the company started in 2009, it has been backed by many investors. These are Warburg Pincus, JP Morgan, Temasek, and March Capital. Through the company’s platforms, people can buy and sell used cars, and also new cars. The company has also mentioned that it doesn’t have any identifiable promoter.
Links Related to CarTrade Tech IPO GMP Today
|cartrade.com IPO GMP Today Subscription Status||Available|
|Website CarTrade.com||Visit Here|
cartrade.com IPO GMP Today Subscription Status FAQs
Customers can get services of CarTrade from CarWale, Shriram Automall, CarTrade, BikeWale, CarTradeExchange, AuoBiz, and Adroit Auto.
For this IPO season, the company has provided around 18.53 million shares for the Offer For Sale.
Yes, a person can surely buy new cars on CarTrade.
Current Car Trade Grey market Premium is 400 Rs to 600 Rs.