CarTrade Tech, whose IPO got 20.29 instances subscription, will finalise share allotment on Tuesday, 17 August 2021. CarTrade Tech shares are probably to make their stock marketplace debut next week on Monday. In the main marketplace, CarTrade Tech shares have been quoting at a premium of Rs 180 per share more than the IPO cost of Rs 1,618. CarTrade Tech shares have been seen trading at Rs 1,798 apiece, an 11 per cent premium in the grey marketplace, more than the concern cost. Founded in 2009, CarTrade is backed by marquee investors — Warburg Pincus, Temasek, JPMorgan, and March Capital.
The initiation of refunds or unblocking of funds from the ASBA account will take spot on 18 August, and the equity shares will be credited to depository accounts of allottees on 20 August. The IPO investors can verify the IPO allotment status by way of BSE and the registrar’s internet websites. The registrar of the concern is Link Intime India Pvt Ltd, a SEBI-registered entity, accountable for the IPO allotment and refund processing. CarTrade Tech is a multi-channel auto platform with coverage and presence across car forms and worth-added services by means of its brands — CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz.
Check CarTrade Tech share allotment status by way of registrar Link Intime India web site
To verify the share allotment status, choose the business name as ‘CarTrade Tech — IPO’ from the drop-down list on the Link Intime India web site, when it gets declared. Check box either PAN, Application Number or Depository/Client ID. Accordingly, enter the permanent account quantity or Application Number or Depository/Client ID in the box. Enter the offered captcha in the supplied space and click the submit button. This will show the quantity of shares that have been applied and allotted to the investor.
Check share allotment status in CarTrade Tech by means of BSE web site
Another way to verify the allotment status in CarTrade Tech is by means of the BSE web site (https://www.bseindia.com/investors/appli_check.aspx). Select ‘equity’ as the concern kind, and ‘CarTrade Tech Ltd’ as the concern name from the drop-down list, when it gets declared. Enter the application quantity and PAN (permanent account quantity). Click on ‘I am not a Robot’. In the last step, click on the search tab to view the status specifics.