Car Trade Tech IPO is likely to open for subscription on 9th August 2021 and will last till 11th August 2021. Car Trade Tech is a Mumbai-based multi-channel auto platform supplier company which got incorporated in the year 2000. Moreover, the company operates several other brands like CarWale, Shriram Automall, CarTrade, BikeWale, AutoBiz, CarTradeExchange, and Adroit Auto.
Furthermore, it provides a common platform to buy and sell unlike kinds of automobiles, thereby connecting dealers, old & new automobile customers, and OEMs.
Moreover, the company has also created its presence in value-added services crosswise thereby offering a diversity of solutions ranging from buying to financing.
Let’s have a detailed view of Car Trade Tech IPO:
Promoters of the Company
Car Trade Tech IPO is a professionally succeeded company with no such recognizable promoters.
Issuance of Shares
Issue size: Rs. 2,998.51 crore
Face value: Rs.10
Listing At: BSE & NSE
The Objective of the Issuance of Shares
- To carry out an offer for sale
- To avail the benefits of listing the equity shares on the stock exchange.
IPO Share Price
The company decides the price bracket at Rs.1585-1618 per equity share.
Retailers Reserved Lot size
Up to 13 lots i.e. 117 shares which makes a total of Rs. 189,306 are valid for subscription, in the case of the retail individual investors.
IPO Opening and Closing date
Car Trade Tech IPO is ready to unlock for 3 days’ subscription i.e. from 9th August 2021 to 11th August 2021.
Lot size and Minimum number of shares
Each lot size includes a total of 9 shares. Therefore, an investor should subscribe for a minimum count of 9 shares only.
Allotment of Shares
The allotment of shares will be done on 17th August 2021 and the shares allotted will be transferred to your Demat account by 20th August 2021.
IPO listing date
The IPO listing date of Car Trade Tech is yet to decide. Moreover, the expected date may be 23rd August 2021.
Trendy Analysis
Car Trade Tech Ltd is a leading company for motorized sales thereby replicating a mountable and profitable business model. Before the day of the opening of the IPO, the unlisted shares performed remarkably great and demanded a premium of Rs.610 in the grey market. Consequently, we would give a “must buy” rating to this IPO. Therefore, a worthy IPO for both short-term and long-term listing gains.