Car Trade Ipo Valuation. The issue is an offer for sale OFS by private equity investors. What is the valuation of CarTrade Tech IPO. CarTrade Tech shares made a weak debut on BSE and NSE on Friday 20 August 2021.
The initial public offering of CarTrade Tech was subscribed a little over 20 times.
On the last day of trading the GMP for the issuance was Rs 320. The company was incorporated in 2002 based in Maharashtra. The offer comprises 2696 per cent of post-offer paid-up equity share capital.
The IPO is essentially an offer for sale OFS which stands at Rs 299851 crore as mentioned before and has no fresh issue indicated for the IPO. CarTrade Tech IPO is a main-board IPO of 18532216 equity shares of the face value of 10 aggregating up to 299851 Crores. This consists of 18532216 equity shares with a face value of Rs 10 per equity share.
The issue is priced at 1585 to 1618 per equity share. CarTrade Tech a multi-channel auto platform company has launched a Rs 3000 crore initial public offer IPO which opens today August 9 for three days till August 11. The IPO comprises no fresh issue but offer for sale up to 18532216 equity shares of existing share holders.
Online auto classifieds platform CarTrade has filed a draft red herring prospectus DRHP for an initial public offering IPO with capital market regulator Sebi to raise around Rs 2000 crore. It will clash with Nuvoco Vistas IPO. CarTrade Tech Limited shares were trading at a premium of 180-190 per equity share in the grey market.
In the grey market CarTrade Tech shares traded at a premium of Rs 150 which reduced significantly from Rs 320 in previous day the IPO Watch data showed. The minimum order quantity is 9 Shares. Recently its competitor Cars24 concluded fund raising of 200 million at 1 billion valuation which might be an anchor for IPO valuation of Car Trade.
CarTrade Tech shares got listed at Rs 1599 down 112 per cent from the IPO of Rs 1618 apiece. Link Intime India Private Ltd is the registrar for the IPO. You can use Auto Traders car valuation tool its an easy and accurate way to find out how much your car is worth.
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