CarTrade Tech IPO – FULL TIMELINE from issue date, allotment, listing, share transfer to demat account, refund initiation – things INVESTORS want to know

CarTrade Tech IPO – The Initial Public Offering (IPO) of CarTrade Tech Limited opened on Monday. The three-day IPO will end on 11th August 2021. The issue comprises 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. 

See Zee Business Live TV Streaming Below:

CarTrade Tech is a multi-channel auto platform with services across vehicle types and value-added services. The platform operates under several brands, including CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz. These platforms cater to new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles. 

Car Trade Tech IPO - Key details 

- Symbol - CARTRADE 

- Issue Period- 9 August 2021 to 11 August 2021 

- Post issue Modification Period - 12 August 2021 10 am to 11 am 

- Cut-off time for UPI Mandate Confirmation - 12 August 2021 up to 12 pm 

- Issue Type - 100 per cent Book Building 

- Price Range - Rs 1585 to Rs 1618 

- Face Value is Rs 10 with Ticket Size at Re 1 

- Bid Lot is 9 equity shares and in multiples thereof with minimum order quantity of 1 lot or 9 equity shares 

- Maximum subscription amount for retail investor - Rs 2 lakhs 

-  IPO Market Timings is 10 am to 5 pm 

Car Trade Tech IPO – Complete Timeline 

1. Issue opens on 9 August and ends on 11 August. 
2. Finalisation on the basis of allotment likely to get over by 17 August. 
3. Initiation of refunds likely from 18 August. 
4. Transfer of shares to demat accounts likely on 20 August 
5. Listing date likely on 23 August. 

The Book Running Lead Managers (BRLMs) for this issue are Axis Capital Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited and Nomura Financial Advisory and Securities (India) Private Limited. The sponsor bank is Axis Bank Limited. 

The name of the registrar is Link Intime India Private Limited.