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

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See Zee Business Live TV Streaming Below:

https://linkintime.co.in/MIPO/Ipoallotment.html        
Step 2: Again, select IPO Name- 'CarTrade Tech Limited'           
Step 3: Here, fill in details such as PAN number, application number or DP ID  
Step 4: Now, click on 'Search' Button. You can now see your CarTrade Tech IPO Allotment on the screen. 

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.          

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. 

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.  

The issue comprised of 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.  

CarTrade Tech is a multi-channel auto platform with services across vehicle types and value-added services. The platforms platform operates under several brands including CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz.    

These platforms facilitate new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles.