CarTrade Tech Ltd is planning to raise funds via IPO which going to be launch in the upcoming month. The company is likely to get an entry under Unicorn Startups of India. Recently, it raised a huge fund in April 2021 and now it is only 1 step away to become India’s first online auto classified marketplace to list on the domestic bourses. Here are the details including CarTrade IPO Date Issue Price Grey Market Price (GMP) Subscription Status & more.
The Draft Red Herring Prospectus (DRHP) has been filed with the Stock Exchange Board of India (SEBI). The issue size is mentioned in the prospectus and it is a Rs 2,000 crore IPO.
CarTrade IPO Date
So far the launch date is not confirmed and it will appear officially in the upcoming few days. So till then stay with us and bookmark the website in your browser for future ongoing updates regarding this Initial Public Offer.
|IPO Open Date||June 2021|
|IPO Close Date||June 2021|
|Basis of Allotment Date||June 2021|
|Initiation of Refunds||June 2021|
|Credit of Shares to Demat Account||June 2021|
|IPO Listing Date||June 2021|
Car Trade IPO Price
Even the company is ready to amaze every retail investor with the marvelous entry into the Market. According to the information, the fresh issue of shares and offer for sale of 12,354,811 equity shares.
CarTrade IPO Details
According to the available information, CarTrade IPO will be list on NSE & BSE both and because it has a huge issue size. So it can be oversubscribed by investors. To avoid the risk stay connected with our website and get the latest IPO updates.
|IPO Opening Date||June 2021|
|IPO Closing Date||June 2021|
|Min Order Quantity||–|
|Listing At||NSE, BSE|
|Issue Size||Rs 2,000 crore|
|Offer for Sale||–|
The firm is backed by well-known investors such as Temasek, Warburg Pincus, and JP Morgan. Along with it CarTrade also mentioned that after raising Rs 2,000 crore via IPO they will improve the feature and invest in the key factors which will improve to become huge. The IPO listing and allotment details will come in few days.