Car Trade Tech IPO. This IPO will open on August 9, price band fixed at Rs 1,585-1,618, know Allotment Status, Result, GMP, Listing Dates, Price Band, Issue Price details.
The IPO of the online classifieds platform CarTrade Tech (Car Trade Tech) is also knocking in the market next week. The IPO of CarTrade Tech will open on August 9.
Investors will be able to invest in this IPO till August 11. Car Trade Tech has fixed the price band of its IPO at Rs 1,585-1,618 per share. The lot size of this issue will be 9 equity shares and its multiples.
50 percent of the issue is reserved for QIBs, 35 percent for retail investors and the remaining 15 percent for non-institutional investors.
CarTrade Tech Ltd IPO Overview
| IPO Opening Date | Aug 9, 2021 |
| IPO Closing Date | Aug 11, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 per equity share |
| IPO Price | Rs. 1585 to 1618 per equity share |
| Market Lot | 9 Shares |
| Min Order Quantity | 9 Shares |
| Listing At | BSE, NSE |
| Issue Size | 18,532,216 Eq Shares of rs. 10 (aggregating up To 2,998.51 Cr) |
| Offer for Sale | 18,532,216 Eq Shares of 10 (aggregating up to 2,998.51 Cr) |
| Official Website | cartradetech.com |
Cartrade Tech IPO Financials
Know the financial status of the
company If you look at the financial position of the company, the revenue of the company was Rs 281.52 crore in FY 2021, which was Rs 318.44 crore in FY 2020.
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The company’s profit was Rs 101.07 crore in FY 2021, which stood at Rs 31.29 crore in FY 2020. The company said in a statement that its platforms CarWale and BikeWale have topped the online search popularity numbers.
The company’s platforms work under the brand names CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz.
CarTrade Tech IPO Allotment Status, Listing Date
| IPO Open Date | Aug 9, 2021 |
| IPO Close Date | Aug 11, 2021 |
| Basis of Allotment Date | Aug 17, 2021 |
| Initiation of Refunds | Aug 18, 2021 |
| Credit of Shares to Demat Account | Aug 20, 2021 |
| IPO Listing Date | Aug 23, 2021 |
CarTrade Tech IPO Lot Size
The CarTrade Tech IPO market lot size is 9 shares. A retail-individual investor can apply for up to 13 lots (117 shares or ₹189,306).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 9 | ₹14,562 |
| Maximum | 13 | 117 | ₹189,306 |
How to Apply Online For Cartrade Tech LTD IPO
Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type.
The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ‘Cut-off price’.
You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app.
How to check your IPO allotment status
CarTrade allotment status will be available on or around 17 August 2021. The allotted shares will be credited to the demat account by 20 August 2021.
We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after 11 August 2021).