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CarTrade IPO subscribed 20.28 times on final day

Updated: Aug 13, 2021

What's the news?

The public issue of CarTrade Tech, a multi-channel auto platform provider, has subscribed 20.28 times so far, as it has garnered bids for 26.31 Cr equity shares against IPO size of 1.29 Cr equity shares on August 11, the final day of bidding.

More to know

CarTrade Tech is India's number one online auto portal for both cars and two-wheelers, based on relative online search popularity in FY21, and is a leading used vehicle auction platform based on number of vehicles listed for auction for FY20. Among their key competitors, they were the only and most profitable automotive digital platform.

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