CarTrade Tech was incorporated in 2000 and is a multi-channel auto platform provider. This resulted in a trading price of Rs 1768-1788 per share.
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CarTrade IPO was open for subscription on.
Car trade ipo. The multi-channel auto platform received a stellar response from investors when it had opened for subscription from August 9-11. CarTrade Tech shares will be listed on the NSE and BSE on Friday today. Does the company have a credible moat.
CarTrade Tech IPO Subscription Details Day by Day CarTrade Tech IPO subscribed 2029 timesCarTrade Tech IPO received bids for 275 times issue size in retail 3545 times issue size in QIB and 4100 times issue size in the Non-institutional category by Aug 11 2021 1701. It facilitates buying and selling of all types of vehicles including three-wheelers. And this time it is a technology based company named Car Trade Technology.
Cartrade Company Details The platforms owned and operated by the company. Official registrar of Car Trade IPO is Link Intime India Private Limited and its official website is wwwlinkintimecoin. CarTrade IPO had earlier received bids for 263174823 shares against 12972552 shares on offer.
CarWale and BikeWale ranked number one on relative online search popularity when compared to their key. So theres a new IPO on 9th August. 2029 T Interest cost for NII 8 till now Rs.
The initial share sale is entirely an offer for sale OFS of 18532216 equity shares. The IPO opens on Aug 9 2021 and closes on Aug 11 2021. The issue will entirely be an offer for sale of up to 18532216 shares by a few existing shareholders and would be sold in the Rs 1585-1618 price bandAt the upper end of the price band the IPO is offered at 44 times price-to-book value and 296 times EVsales and 734 times price to earnings PEIf one excludes accounting adjustments for deferred tax and attributes it to equity.
The IPO will conclude on August 11. 12 Aug 2021 0939 AM IST Livemint. CarTrade Tech IPO issue received bids 263174823 shares against 12972552 shares on offer.
CarTrade Tech Limited made its debut in the market on Monday with its initial public offering IPO. The company plans to raise Rs 299851 crore through its IPO. The Rs 2999-crore IPO was subscribed 2029 times.
CarTrade Tech Limited initial public offering IPO has finalised its share allotment status on Tuesday. It is a relatively big IPO. CarTrade will start accepting subscriptions for its IPO on August 09 2021 till August 11 2021.
Yes Shriram Automall CarTrades used vehicle auction business is one of the leading platforms based on the number of vehicles. Initially 18532216 stock shares will be offered for sale as part of the initial share sale. The platform functions of a host of sorts that connects new car owners with used car owners in the buying and selling of their vehicles via the.
The IPO comprised a pure offer for sale OFS of 1853 million shares by. Let us tell you that CarTrade IPO got a good subscription from investors CarTrade IPO Subscription to all Got good subscription in the category. According to the price band the IPO could generate Rs 299851 crore at the highest end.
Premium Car Trade IPO was subscribed 2029 times on the closing day of the subscription Reuters 1 min read. Established in 2009 car Trade is an online automobile platform that provides services like buying and selling new cars and bikes as well as used cars and bikes. Car Trade IPO allotment date.
CarTrade Tech IPO is a main-board IPO of 18532216 equity shares of the face value of 10 aggregating up to 299851 Crores. The company that operates brands such as CarWale CarTrade Shriram Automall BikeWale CarTradeExchange Adroit Auto and AutoBiz aims to raise Rs. Shares of the company will be offered between Rs 1585 and 1618 each.
CarTrade Tech shares got listed at Rs 1599 down 112 per cent from the IPO of Rs 1618 apiece. The issue is priced at 1585 to 1618 per equity share. CarTrade Tech shares made a weak debut on BSE and NSE on Friday 20 August 2021.
No buying cars or bikes is generally done once in three-five years which leads to lower repeat customer usage for the company. Shares were available at a premium of Rs 150-170 or 93-105 percent in the grey market IPO Watch and IPO Central data showed. 3545 T NII.
The CarTrade platform allows customers to buy and sell used cars as well as new cars. CarTrade IPO allotment status will be done on 17 August 2021 and investors whose bids are not completed their money will be refunded on 18 August 2021. 41 T RII.
Online auto classified platform CarTrade Tech has opened its initial public offering on Monday August 9. The price band for its nearly Rs 2999-crore offering has been fixed at Rs 1585-1618 per share. Link Intime India Private Ltd is the registrar for the IPO.
2021 500 pm QIB. Car Trade IPO Subscription Trend on 1108. The minimum order quantity is 9 Shares.
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