InvestorQ : Can you tell me about the expectations for CarTrade listing on 20 August, Friday?
Katherine Gonsalves made post

Can you tell me about the expectations for CarTrade listing on 20 August, Friday?

Answer
image
diksha shah answered.
3 months ago
Follow

CarTrade will list on BSE and the NSE on Friday 20 August, along with Nuvoco Vistas. The other two IPOs which closed in the previous week, Chemplast Sanmar and Aptus Value Housing, will debut on the NSE and the BSE on Monday 23 August. While the GMP trends are not official, they give a good and rough idea of how a stock is likely to list and trade and CarTrade currently commands a premium of Rs.135, an 8% gain over discovered IPO price.

What is more important is that the GMP has fallen from a high of Rs.600 in the previous week to just about Rs.135 currently. This was after the listings of the four IPOs on this Monday were extremely tepid with Windlas even dipping into negative zone. The Rs.2,999 crore CarTrade IPO was an offer for sale by the early investors. While retail was tepid, QIB and HNI demand was robust with about 40 times oversubscription.

2 Views