CarTrade Tech IPO subscribed 53%:

CarTrade Tech

The initial public offering of CarTrade Tech, a multi-channel auto platform, has received good demand from investors as it has subscribed 53 percent with garnering bids for 69.20 lakh equity shares against IPO size of 1.29 crore equity shares, on August 10, the second day of bidding.

Retail investors continued to provide strong support the issue as their portion set aside was fully subscribed today.

Non-institutional investors have put in 6 percent of their reserved portion and qualified institutional buyers 1 percent of their portion set aside.

News Source:- Moneycontrol

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