HomeIPO Subscription StatusCarTrade Tech IPO Subscription Status

CarTrade Tech IPO Subscription Status

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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 109-Aug-2021 17:000.01x0.03x0.80x0.41x
Day 210-Aug-2021 17:000.59x0.27x1.54x0.99x
Day 311-Aug-2021 17:0035.45x40.99x2.74x20.29x

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:

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  • 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

DescriptionCARTRADE IPO Details
Public IssueInitial 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  Date09-Aug-21
Issue Close Date11-Aug-21
Issue TypeBook 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 InvestorRs. 2,00,000
Listing NSE, BSE
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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