CarTrade IPO subscription to start from August 9, 2021, Monday. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The IPO subscription will close on August 11, 2021, Wednesday. The company to raise ₹2998 crores via IPO at a price band of ₹1585 to ₹1618. The minimum bid for the IPO is 9 shares that cost ₹14,562 for l lot.
The CarTrade is the well-known brand for online automobile platform. They are multi-channel automobile platform provider with brands assiciates with them are CarWale, BikeWale, CarTrade, Shriram Automall, CarTradeExchange, AutoBiz and Adroit Auto. The company reported ₹282 crores of revenues in 2021 against ₹318 crores in 2020. The PAT was stood at ₹101.07 crores in 2021 compared to ₹31.29 crores in 2020. Please check the CarTrade IPO details over here.
IPOWatch View
We recommend investors to apply the IPO for short term and long term gain. The IPO Subscription is started! Check the CarTrade IPO allotment status here.
CarTrade IPO Subscription Status (Final Data)
(Over Subscribed)
The CarTrade IPO subscribed 20.29x overall. The subscription comprises Qualified Institutional Buyer (QIB) 35.45x, (Non-institutional Bidders) NII 41.00x and Retail 2.75x.
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.01x | 0.59x | 35.45x |
| NII | 0.03x | 0.27x | 41.00x |
| RII | 0.80x | 1.53x | 2.75x |
| Total | 0.41x | 0.99x | 20.29x |
CarTrade IPO Time Table
| Price Band Announcement: | 02 August 2021 |
| Anchor Investors Allotment: | 06 August 2021 |
| IPO Open Date: | 09 August 2021 |
| IPO Close Date: | 11 August 2021 |
| Basis of Allotment: | 17 August 2021 |
| Refunds: | 18 August 2021 |
| Credit to Demat Account: | 20 August 2021 |
| IPO Listing Date: | 23 August 2021 |
CarTrade IPO Subscription FAQs:
When CarTrade IPO Subscription will start?
The IPO subscription starts on 09 August 2021 for QIB, NII, and Retail Investors.
How much CarTrade IPO subscribed?
The IPO subscribed 20.29x times on day 3.
What is CarTrade IPO Retail subscription status?
The RII subscription is 2.75x on day 3.
How to subscribe CarTrade IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How do i check live CarTrade IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
