CarTrade Tech IPO Allotment: Follow these steps to check status online on BSE; Also know refund, share transfer and listing dates

CarTrade Tech IPO – The finalisation of allotment of shares for the Initial Public Offering (IPO) of CarTrade Tech Limited is expected to be done by today. If you are an investor in this public issue, you must know how to check the allotment status. You can do it by visiting the BSE website. Want to know the shortest way- this is what you must do if you are checking it on the BSE website. 

CarTrade Tech IPO – SHORTEST WAY to check the allotment status on the website of BSE      

Step 1: Visit the link: bseindia.com/investors/appli_check.aspx on BSE official website.          
Step 2:  In the dropdown menu select 'Equity' for issue type          
Step 3: Now, select the name of the IPO, which is 'CarTrade Tech Limited' in this case          
Step 4: Here, you will be asked to verify application number & PAN number          
Step 5: Hit search button and you are good to go. You can see your IPO allotment on the screen          

The three-day IPO ended on 11 August 2021. It was subscribed 20.29 times on the NSE over the three-day period as per the information on the NSE website. The Retail Individual Investors (RIIs) subscribed this issue 2.75 times. The non-institutional investors subscribed the issue 41 times while the Qualified Institutional Buyers (QIBs) subscribed this issue 35.45 times.  

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The issue comprised offer up to 18,532,216 equity shares (including Anchor portion of 55,59,664 equity shares). Maximum Bid Quantity for QIB Investors is 12,972,546 equity shares in multiple of 9 Equity Shares (Calculated at higher end of the Price Band). Maximum Bid Quantity for NIB Investors is 9,266,103 equity shares in multiple of 9 equity shares.  

The issue opened on 9 August 2021 and was available for subscription on 11 August 2021. The issue was 100 per cent Book Building with the share price band at Rs 1585 to Rs 1618. 

Car Trade Tech IPO – Complete Timeline   

- Finalisation on the basis of allotment likely to get over by 17 August.   

- Initiation of refunds likely from 18 August.   

- Transfer of shares to demat accounts likely on 20 August   

- Listing date likely on 23 August.