CarTrade Tech IPO Subscription Status
CarTrade IPO subscription to start from August 09 to August 11, 2021. The initial share sale will be entirely an offer for sale (OFS) of 18,532,216 equity shares. At the upper end of the price band, the IPO is expected to mobilise Rs 2,998.51 crore. The price range for the offer has been fixed at Rs 1585 – 1618 per share.
CarTrade Tech IPO Subscription Status
| Day | Date | QIB | NII | Retail | Total |
| Day 1 | 09-Aug-2021 17:00 | 0.01x | 0.03x | 0.80x | 0.41x |
| Day 2 | 10-Aug-2021 17:00 | 0.59x | 0.27x | 1.54x | 0.99x |
| Day 3 | 11-Aug-2021 17:00 | 35.45x | 40.99x | 2.74x | 20.29x |
About CarTrade Tech
CarTrade Tech platforms, CarWale and BikeWale, ranked number one on relative online search popularity when compared to their key competitors over the period from April 2020 to March 2021, while Shriram Automall is one of the leading used vehicle auction platforms based on number of vehicles listed for auction for the financial year 2020. Among the key competitors, CarTrade Tech is the only profitable automotive digital platform for the financial year 2020
CarTrade Tech is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. The platforms operate under several brands:
- CarWale
- CarTrade
- Shriram Automall
- BikeWale
- CarTrade Exchange
- Adroit Auto and
- AutoBiz.
Through these platforms, CarTrade Tech enable new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner. The vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.
The automotive ecosystem is highly fragmented and complex. The process of buying vehicles requires buyers to go through several channels and numerous stages. The multiplicity of transactions creates potential inefficiencies and can negatively affect the margins of the seller that can be achieved on the sale of a vehicle.
CarTrade Tech IPO Price – Details
| Description | CARTRADE IPO Details |
|---|---|
| Public Issue | Initial Public offer of 18,532,216 Equity Shares of ₹ 10 (aggregating up to[.]) and an Offer for Sale of up to 18,532,216 equity shares (aggregating up to [.]) |
| Issue Open Date | 09-Aug-21 |
| Issue Close Date | 11-Aug-21 |
| Issue Type | Book Built |
| IPO Price Band | ₹ 1585 – ₹ 1618 |
| Face Value | ₹ 10 |
| Market Lot | 9 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 9 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | CARTRADE |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
CarTrade IPO Subscription Status – FAQs
How much CarTrade Tech IPO subscribed on Day 1?
The CarTrade Tech IPO subscribed 0.41 times on day 1
How much CarTrade Tech IPO subscribed on Day 2?
The CarTrade Tech IPO subscribed 0.99 times on day 2.
How much CarTrade Tech IPO subscribed on Day 3 ?
The CarTrade Tech IPO retail subscription is 20.29 times on day 3.
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