The IPO Car-trade Tech is open now and one can invest in it till 11 August as the company is preparing to raise Rs 2999 crore through this issue. Car-trade Tech has kept the price band for the IPO at Rs 1585-1618 and this IPO will be purely on offer for sale. Car Trade Tech allows consumers to buy both new and used cars as it is a profitable multichannel automobile platform, with a presence in a variety of vehicles and value added services, today launched its IPO. The share price ranges from Rs 1,585 to Rs 1,618. Guys we are sharing almost every detail related to this IPO but still, if you want to know more about this Initial public offering then do visit the official website as you will get all the details from there only.
CarTrade IPO GMP Price Today
CarTrade has well-known brands like Carwale, Bikewale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and Auto-biz. These platforms help in connecting buyers and sellers of new and used automobiles. People using the platform include customers, vehicle dealers, vehicle original equipment manufacturers (OEMs), and other businesses that deal in automobiles.
As of the Financial year 2021, the CarTrade has cash of Rs 650 crore, and brokerages are positive on the company as Cartrade is the only profitable player in the vehicle segment in India and one of the few players internationally as we know that IPO is open now you can read the details related to it and then go ahead.
CarTrade IPO 2021 Dates
| CarTrade IPO Issue Opening Date | 9th Aug 2021 |
| CarTrade IPO Issue Closing Date | 11th Aug 2021 |
| CarTrade IPO Issue Price | Rs.1585-1618 |
| CarTrade IPO Listing At | BSE, NSE |
| CarTrade IPO Issue Size | Rs.2,998 Crore |
| OFS | 18,532,216 equity shares of Rs.1585-1618 each [Aggregating up to Rs.2,998 Crore] |
| CarTrade IPO Face Value | Rs.10 Per Equity Share |
| CarTrade IPO Market Lot | 9 Shares |
| Min Retail Qty | 9 shares (1 lot) |
| Max Retail Qty | 117 shares (13 lots) |
CarTrade IPO 2021 Share Price, Allotment Status
CarTrade Tech’s business is of a new age, which is being liked by the market. Foreign investors have always liked companies with new business models. However, domestic investors are still understanding this type of business. Nevertheless, there is a significant number of investors who prefer this type of business model and the most important thing is that it is the only company in this space that is making a profit.
Guys are ready to subscribe to the IPO of CarTrade and it might be profitable for you but learn all the factors before you invest in it. Search more about the company and about its future and if you think then you should go ahead and make an investment.
| CarTrade Official Website | https://www.cartrade.com/ |
FAQs About CarTrade IPO GMP Price
Does CarTrade IPO is based on OFS?
CarTrade IPO is based on an offer for sale and you can get more details on this by visiting the official website.
What is the last date to subscribe for this IPO?
11th Aug 2021 is the last date to subscribe for this IPO so if you want to invest in this then do it now.