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Upcoming IPO, Cartrade Tech IPO Details with Share Price Range and Issue Size

Upcoming IPO, Cartrade Tech IPO Details with Share Price Range and Issue Size

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Category : ipo news

CarTrade Tech Ltd IPO Details:

Opening Date

August 09, 2021

Closing Date

August 11, 2021 

Face Value

Rs. 10 per equity share

IPO Price Band 

Rs. 1,585 to 1,618 per equity share

Minimum Order Quantity

9 equity shares 

Issue Size 

1,85,32,216 shares (Rs. 2,998.51 crores)


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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