CarTrade Tech Limited IPO
CarTrade Tech Limited was a mainboard IPO in the E-Retail/ E-Commerce sector, offered at ₹1,585–₹1,618 per share to raise ₹2,999 crore. The issue was subscribed 20.29× overall (QIBs 35.45×, NIIs 41×, retail 2.75×). It listed on 20 Aug 2021 at ₹1,600 and closed its first day at ₹1,501, a listing loss of -7.2% versus the ₹1,618 issue price. It now trades around ₹2,190 (+35.3% versus the issue price).
Frequently asked questions
- How many times was the CarTrade Tech Limited IPO subscribed?
- The CarTrade Tech Limited IPO was subscribed 20.29× overall — 35.45× in the QIB category, 41× among non-institutional investors, 2.75× in retail.
- What were the CarTrade Tech Limited IPO listing gains?
- CarTrade Tech Limited listed on 20 Aug 2021 at ₹1,600, closing its first day at ₹1,501 — a listing loss of -7.2% versus the ₹1,618 issue price.
- What were the retail allotment odds for the CarTrade Tech Limited IPO?
- Retail was subscribed 2.75×, so a single-lot application had roughly a 36.4% chance of allotment (about 1 in 3), and allotment was finalised on 16 Aug 2021.
- What was the price band and lot size of the CarTrade Tech Limited IPO?
- The price band was ₹1,585–₹1,618 per share, with a minimum lot of 9 shares (₹14,562 at the upper band).
- Who were the registrar and lead manager for the CarTrade Tech Limited IPO?
- Link Intime India Private Limited was the registrar, and Axis Capital was the book-running lead manager.