The Car Trade IPO is open for subscription between August 9 and August 11, 2021. The price band has been kept between Rs 1,585-1,618 per share with a minimum lot size of 9 shares.
The Car Trade IPO allotment status will be finalised around August 17 (tentative).
Here’s how you can check the allotment status:
Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:-
Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section.
Step 2: Click on IPOs. On the next page, click on the ‘Status’ tab next to the Car Trade IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.
Step 3: If you have received the allotment in the IPO, ‘Allotted’ will be written next to your application number. Or else, the status will show as ‘Rejected’. It will show as ‘Approved’ till the allotment is finalized. The status will not show up and ask you to ‘Refresh’ if you have not accepted the mandate.
The registrar for this IPO is Link Intime India Private Limited.
Step 1: Investors are required to follow this link to check their IPO allotment status on BSE: https://www.bseindia.com/investors/appli_check.aspx.
Step 2: You will then have to select the ‘Equity’ option and then from the dropdown, select issue name – ‘Car Trade’
Step 3: You will have to enter your application number and PAN card number next.
Step 4: After completing all the above-mentioned steps click on the “Search” button.
How do I know if I have received the Car Trade IPO Allotment or not?
The steps have been explained above.
What happens to the IPO amount in my bank account?
After applying for an IPO, the amount gets blocked for use from your account. Therefore, the money is still showing in your balance but is blocked for use.
How are the Car Trade shares being allotted?
If Car Trade IPO is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares. It is possible that few investors do not get any shares at all, in case of oversubscription.
Will my money come back if I don’t get the Car Trade IPO allotment?
If you don’t get the allotment in Car Trade IPO, the amount will be unblocked, and you will be able to use the amount in your bank account.
When will the Car Trade IPO get listed?
Car Trade IPO shares will get listed on BSE and NSE on August 23, 2021. (tentative)