CarTrade Tech IPO – Latest SUBSCRIPTION updates; allotment, listing and more – also know how to check allotment status via BSE, Link Intime

CarTrade Tech IPO – The Initial Public Offering (IPO) of CarTrade Tech Limited will end today at 5 pm. The response to the public issue of CarTrade Tech has been lackluster with total subscription at 0.58 times. The number of share bids received stood at 75,24,765 out of the total available shares of 12,972,552. The Retail Individual Investors (RIIs) subscribed the issue 0.81 times over the two-day period. Number of share bid received in the non-institutional investors’ category stands at 250,110 out of 27,79,833 shares available. Meanwhile, share bids received from the Qualified Institutional Buyers (QIBs) stood at 2,047,905 out of 37,06,443 shares reserved for this category which was 0.55 times.

The issue comprises 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.

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If you are an investor and want to know the allotment status and also how to check it, here is the step-by-step guide. 

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.  

CarTrade Tech IPO - 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         

Steps to check CarTrade Tech IPO Allotment via Link Intime      

Step1: Visit Link Intime India Private Limited IPO allotment link: 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.       

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.  

Car Trade Tech IPO - Key details  

- Symbol - CARTRADE  

- Issue Period- 9 August 2021 to 11 August 2021  

- Issue Type - 100 per cent Book Building  

- Price Range - Rs 1585 to Rs 1618  

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

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.