Following Zomato, Dodla dairy, Exxaro Tiles and Glenmark, CarTrade Tech’s Initial Public Offering (IPO) has opened for subscription on Monday. The IPO will remain open or bidding till Wednesday, August 11.

About CarTrade

Founded by Vijay Sanghi in 2010, CarTrade Tech describes itself as a multi-channel auto platform with coverage and presence across vehicle types and value-added services. It has several major investors like Temasek, Warburg, March Capital and JP Morgan. The platform allows customers to trade used and new cars. Brands like Shriram Automall, CarWale, CarTrade. BikeWale, AutoBiz, Adroit Auto and CarTrade Exchange all come under CarTrade.

Also read: Exxaro Tiles kicks off its IPO worth Rs 161 crore: All about the issue

Here are a few key points you should know before subscribing to the issue:

CarTrade IPO Date: CarTrade Tech’s public issue will open for bidding on Monday, August 9, and will be available till August 11, 2021.

CarTrade IPO lot size: Investors can subscribe to the initial public offering (IPO) by betting for a minimum of nine shares or in multiples thereof. A single lot of the IPO is worth Rs 14,562 at the upper range of price band. Retail investors can bid for a maximum of 13 lots.

Also read: The love affair of IPO with Indian brands and the future

CarTrade IPO size: The public issue is a complete offer for sale (OFS) of 1.85 crore equity shares by the selling shareholders. The multi-channel auto platform plans to raise about Rs 2,998.51 crore.

CarTrade IPO allotment date: The share allotment is likely to take place on August 17.

Also read: Beauty & fashion startup Nykaa plans to file its IPO

CarTrade Tech listing: The IPO is likely to be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on August 23.

CarTrade in the news: 

CarTrade Tech had announced that it trained Rs 900 crore from anchor investors. As per BSE, the company y allocated 55,59,664 equity shares at Rs 1,619 per share, aggregating Rs 899.55 crore transaction.