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.
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.