Upcoming IPO, Cartrade Tech IPO Details with Share Price Range and Issue Size
Author: Libord Brokerage Pvt. Ltd Posted on 04 Aug 2021 11:49:12Category : ipo news
Opening Date
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August 09, 2021
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Closing Date
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August 11, 2021
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Face Value
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Rs. 10 per equity share
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IPO Price Band
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Rs. 1,585 to 1,618 per equity share
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Minimum Order Quantity
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9 equity shares
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Issue Size
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1,85,32,216 shares (Rs. 2,998.51 crores)
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The company's initial public offer (IPO) will open on 09 August 2021 and is expected to close on 11 August 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 1,585.00-1,618.00 per share.CarTrade Tech Ltd. has announced public offering of 18532216 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 1,608.00 per share. The gross proceeds of the issue are expected to be Rs 2,99,851.25 lakhs.
The IPO includes a fresh Issue of 18532216 Equity Shares of the Company at a price of Rs 1,618.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 9 shares with bids in multiples of 9.
CarTrade Tech Ltd. anticipates using the proceeds of the issue for.
Kotak Mahindra Capital Company Ltd., Axis Capital Ltd, Citigroup Global Markets India Private Limited, Nomura Financial Advisory & Securities (I) P Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
If the CarTrade Tech IPO is something that you’re looking to invest in come August 09, 2021, it would be a good idea to start the demat account opening process right away. Contact Libord Broking now to open demat account online within minutes.
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