CarTrade Tech IPO which was subscribed 20.29 times will have its final allotment today. The IPO share allocation of CarTrade closed on August 11 and the allotment is set to happen on Tuesday, August 17. The public issue of the car sale startup garnered a massive response from the market as the Rs 2,999-crore IPO was subscribed 20.29 times. Now, that the subscription process nears competition, investors can check their allotment status.
According to the market observers, Car Trade IPO GMP has been oscillating around ₹275 to ₹310 for the last three days, a grey market premium of the public issue was once in the range of 30 per cent to 35 per cent, which means the IPO is losing steam in the grey market and it is expecting moderate to reasonable listing gain from this public issue.
