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CarTrade IPO shares to debut tomorrow

CarTrade IPO shares to debut tomorrow

August 18, 2021
हिंदी में पढ़ें

The shares of CarTrade technologies, the multi-channel auto platform will debut on the exchanges on August 20. Considering the business model of the company, it is expected that the shares will be able to make a decent debut.

The IPO of the company was opened for subscription from 9th to 11th August and saw a strong response from investors as it was subscribed over 20 times. Institutional and Non-institutional investors drove the sale. The retail portion too received decent applications as the retail quota was subscribed 2.7 times.

The company was able to raise more than 2998 Crore Rs through the public offer, which was a total offer for sale by the existing stake holders. The shares of CarTrade are already trading in the grey market for a premium of Rs 150-170.

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CapitalVia Global Research Limited (Investment Advisor) | Registered Office Address: 1st Floor Spring Board, Kagalwala House, Plot No. 175, Behind Metro House, CST Road, Kalina, Bandra Kurla Complex, Santacruz East, Mumbai-400098, Maharashtra, India | Corporate Office : 903, B-1, 9th Floor, NRK Business Park, Scheme No. 54, P.U.-4,Vijay Nagar Square, Indore-452010, Madhya Pradesh, India | CIN: U72300MH2009PLC331791 | SEBI Registration No.: INA200001512; Type: Non-Individual, Validity - (Perpetual) | BASL Registration No.: BASL1285 | GSTIN: 23AADCC5782H1ZO, 27AADCC5782H1ZG

Copyright© 2024 CapitalVia Global Research Limited - Investment Advisor. CapitalVia® is a registered trademark of CapitalVia Global Research Limited.
CapitalVia Global Research Limited (Investment Advisor) | Registered Office Address: 1st Floor Spring Board, Kagalwala House, Plot No. 175, Behind Metro House, CST Road, Kalina, Bandra Kurla Complex, Santacruz East, Mumbai-400098, Maharashtra, India | Corporate Office : 903, B-1, 9th Floor, NRK Business Park, Scheme No. 54, P.U.-4,Vijay Nagar Square, Indore-452010, Madhya Pradesh, India | CIN: U72300MH2009PLC331791 | SEBI Registration No.: INA200001512; Type: Non-Individual, Validity - (Perpetual) | BASL Registration No.: BASL1285 | GSTIN: 23AADCC5782H1ZO, 27AADCC5782H1ZG

Copyright© 2023 CapitalVia Global Research Limited - Investment Advisor. CapitalVia® is a registered trademark of CapitalVia Global Research Limited.