Car Trade IPO to begin on August 09, Key points here

About ₹2,998.51 crore public issue is going to commence for subscription from 9th August onwards.

About ₹2,998.51 crore public issue is going to commence for subscription from 9th August onwards. However, the grey market has already indicated the feelings and expectations of the IPO investors. Presently, Car Trade Tech shares are available in the grey market at an exclusive rate of ₹475, which is comparatively high at ₹35 from yesterdays’ grey market price. The management has also accounted for a fixed Car Trade IPO price band at ₹1585 to ₹1618, which can augment 30 per cent profit for 4 days before the subscription starts.

Presenting you a list of crucial details that need to be adhered to:

1] Car Trade IPO GMP certification: According to the market observation report, the Car Trade IPO grey market premium is anticipated to kick off this weekend as the public issue will be allowed to go for the subscription model.

2] Car Trade IPO subscription: The public issue agora will be opened for subscription from 9th August 2021 to 11th August 2021.

3] Car Trade IPO price band: Price fixed from ₹1585 to ₹1618 per equity share.

4] Car Trade IPO size: Management is all set to uplift ₹2,998.51 crore from its public issue.

5] Car Trade IPO allotment date: 17 August 2021 is the tentative date for share allotment.

6] Car Trade IPO lot size: One public issue lot will include 9 shares of the company and can be availed by a bidder.

7] Car Trade IPO investment limit: A bidder can opt for a minimum of one lot but not more than 13 lots of the public issue.

8] Car Trade IPO listing date: Tentative date is 23rd August 2021

9] Issue type: The ‘Book Build Issue’ with a face value of ₹10 per equity share.

10] Car Trade IPO official registrar: Link Intime India Private Ltd.

Source Mint
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