Business

How To Inspect Allotment Status

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CarTrade runs brands such as CarWale, CarTrade, Shriram Automall and BikeWaleCarTrade Tech is most likely to finalise the share allotment today i.e.

August 17, 2021.

The Rs 3,000 crore going public (IPO) was subscribed 20.29 times, getting a total of 26.31 crore bids as versus 1.29 crore shares on offer.

The part scheduled for non-institutional financiers was subscribed 32.48 times, qualified institutional buyers sector was subscribed nearly 19 times and retail investors, 1.41 times.

The shares will be noted on the BSE and NSE on August 23.

The multi-channel vehicle platform's IPO was an offer-for-sale of 12,354,811 shares by marquee investors, consisting of Warburg Pincus, Temasek and JP Morgan.CarTrade is an online automobile market platform founded by Vinay Sanghi, former CEO of Mahindra First Option, and Rajan Mehra, former nation head of eBay India in the year 2009.

It allows purchasers and sellers to transact in new and secondhand cars, and operates different brands such as CarWale, CarTrade, Shriram Automall and BikeWale.

CarTrade is backed by marquee investors such as Temasek, Warburg Pincus and JP Morgan.Axis Capital, Citigroup Global Markets India, Nomura Financial Advisory and Securities (India) and Kotak Mahindra Bank were the lead managers to the general public problem of CarTrade, while Link Intime India is the registrar to the issue.Here's how to inspect the allotment status of CarTrade Tech IPOLink Intime India websiteSelect either PAN, Application Number or DP Client IDSelect business name (CarTrade Tech Limited - IPO)Enter either PAN Number, Application Number or DP Client IDClick on the 'Search' button to know whether the shares were allottedBSE websiteSelect Equity and Problem Call (CarTrade Tech Limited)Go Into Application Number and PAN NumberClick on the 'Search' button to know the application status.




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