CarTrade IPO GMP Today, Live IPO Grey Market Premium 2021

CarTrade IPO GMP is very attractive to date. Here in the below tables, you can check CarTrade IPO GMP, Kostak, and Subject rates. Grey Market premium for CarTrades is around ₹300.

The CarTrade IPO will hit the market soon, and you can apply for the IPO from 9th August to 11th August 2021. CarTrade is planning to raise ₹2,998.51 Crores through an IPO which consists of OFS (Offer For Sale) of ₹2,998.51 Crores by existing shareholders. Also, check IPO GMP for upcoming IPOs.

Latest CarTrade IPO GMP- 

CarTrade IPO GMP table is updated every day to give you the exact grey market premium for CarTrade IPO.

DateIPO GMP Kostak RatesSubject to Sauda
14/08/2021 ₹270
13/08/2021 ₹230
12/08/2021 ₹170
11/08/2021 ₹140
10/08/2021 ₹250
9/08/2021 ₹445
8/08/2021 ₹445
7/08/2021 ₹460
6/08/2021 ₹500
5/08/2021 ₹520

Should you subscribe to CarTrade?

We have researched and mentioned the strengths and risks of the CarTrade IPO. The final verdict will help you make the right decision.

Strengths –

  • Leading platform of buying and selling vehicles online.
  • Operating many brands like CarWale, AutoBiz, CarTrade, BikeWale, CarTradeExchange, Adroit Auto and Shriram AutoMall.
  • Provide services like buying, selling, finances, marketing,etc.
  • In addition to growing profit every year, the business model has scalability.

Risks – 

  • They may harm if any of their listed vehicles is involved in fraudulent cases.

Honest Review – 

They have created a name for themselves in the online buying and selling of vehicles for a long time. Apart from this, the business model looks scalable. If execution is done on a proper level then they can achieve a good revenue. CarTrade looks like a great investment from a long-term perspective. 

Investors can invest for the listing gains in the CarTrade IPO. It’s early to predict but CarTrade IPO can give great listing gains by seeing its grey market premium. You can check the details of CarTrade IPO here.

CarTrade IPO Dates & Price Band:

Open date9th August 2021
Close date11th August 2021
Total Size of IPO₹ 2,998.51 Cr.
Fresh Issue 0 Cr.
Offer for Sale₹ 2,998.51 Cr.
Price Band1585₹1618
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

CarTrade IPO Market Lot:

The minimum market lot of CarTrade IPO is 9 shares with 14,562 applications. Retail investors can apply for 13 lots with 117 shares application worth189,306.

ApplicationLotSharesCut Off Amount
Minimum (RII)1914,562
Maximum (NII)13117189,306

CarTrade IPO Allotment & Listing Dates:

CarTrade IPO’s open date is 9th August and the closing date is 11th August. Allotment of shares will be done on 17th August and the listing date on NSE & BSE is 23rd August 2021.

Allotment Date for CarTrade – 17th August 2021
Refund Date for CarTrade – 18th August 2021
A credit of Shares to Demat Account – 20th August 2021
Listing Date for CarTrade –23rd August 2021

About CarTrade

The company’s overall vision is to create an online ecosystem that connects buyers, sellers, insurance companies, OEMs, dealers, and banks. The company started in 2002 and till now they are the leading company in this space. They have created brands like CarWale, AutoBiz, CarTrade, BikeWale, CarTradeExchange, Adroit Auto, and Shriram AutoMall. Through these platforms, they connect every stakeholder needed to build an ecosystem.

CarTrade IPO GMP FAQs:

What is the CarTrade IPO GMP today?

CarTrade IPO GMP is ₹270 as of today.

What is the last date to apply for CarTrade IPO?

6th August 2021 is the last date to apply for CarTrade IPO.

What is Kostak Rates of CarTrade IPO today?

CarTrade IPO Kostak Rates is as of today.

Will CarTrade IPO GMP increase?

It’s too early to say that but we can expect a good premium on CarTrade IPO.

Can CarTrade give listing gains?

Investors can invest for the long term in the CarTrade IPO. It’s early to predict but CarTrade IPO GMP can give great listing gains by seeing its. You can keep a track of CarTrade IPO GMP here. 

Disclaimer for Investors:

  • We on do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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