The impressive list of Anchor Investors. All successful ipo Allottes stay with this company to achieve the handsome returns.
Nomura, HSBC Global, Goldman Sachs, Jupiter India Fund, Elara India Opportunities Fund, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, Bharti Axa Life Insurance Company, Axis Mutual Fund (MF), HDFC MF, Kotak MF and Sundaram MF are among the anchor investors.
Car Trade Tech may not be as flashy as Zomato, but definitely something that can be held for mid term. Good books yet aggressively priced (after all a company with + books), Young yet innovative management. Tech is the future.. sell at 10:00 am if u cant handle volatility.
Why people are so obsessed with GMP? Look how windlas, krsna, Rolex, zomato, bbqnation etc. performed. They were no where near to GMP. Company listing depends on just three things - subscription data, market sentiment, company fundamentals. Cartrade should give a moderate listing if market doesn''t crash by Friday. Even it goes red, I don''t see more than 10% dip which is just 1480 per lot. In a month this will definitely give some good profit as per the company fundamentals. So chill
@Kunal i agree with you on you three things points- subscription data, market sentiment, company fundamentals.
But how to judge the market sentiment before applying to an IPO. Isnt the GMP tells that ?? if not then how to check market sentiment correctly without using GMP ?
RockyBhai Why are you judging sentiments after application is processed. Shouldn''t you do that before applying? If you are only concerned about listing gain then you are trading, not investing. In trading people lose 5000-10000 in a flash. And if you believe in company, then you should not be bothered about GMP, just put a acceptable stop loss and stay invested. You will definitely be rewarded. And market sentiments and GMP don''t go together. Today nifty touched fresh high yet GMPs are falling.
633.3. Naughty ipo| Link| Bookmark|
August 17, 2021 10:18:11 PM
Top Contributor (400+ Posts, 100+ Likes)
@kunal b. You are right. List is very long. Anupam rasayan, craftman, lodha developer, sona, Kim''s, laxmi organics... GMP sab kuch nahi hai. Company business, company fundamentals, Anchor investor, promoter... Company profits.
633.4. lokes| Link| Bookmark|
August 17, 2021 10:32:49 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@kunal: GMP is for listing, not for how stock will perform after that ...and from your list, Rolex listed as per GMP around 1250... barbecue nation also listed as per GMP.... Ya but there are many examples whose listing are not as per GMP or with little deviation
632. Review Guru| Link| Bookmark|
August 17, 2021 9:59:42 PM
Top Contributor (300+ Posts, 200+ Likes)
Why are so many people worried so much as if they have got 400-500 shares? Most of them would have got 1-2 lots and even if its a negative listing of 100-200 you would lose 2-5k. You people have not lost such kind of money in any of your trades? Don''t you see losing such money in your MFs, stock portfolios very often? Just manage your risk and capital, you should be fine with such loses.
627. A I| Link| Bookmark|
August 17, 2021 9:41:38 PM
Top Contributor (200+ Posts, 100+ Likes)
Gmp lost its significance from previous many ipos so don''t go after gmp''s.
Why are you spamming the forum by posting similar thing multiple times? Are you doing it to increase the post count? The retail is still 35% of the issue size. Did you forgot to check allotment to Anchor invstors?
I think exact opposite, all the applicants who applied in this IPO in negative market outlook are brave hearts and may not be in hurry to sell shares on listing day
622. Naughty ipo| Link| Bookmark|
August 17, 2021 9:15:49 PM
Top Contributor (400+ Posts, 100+ Likes)
CarTrade Tech share allotment has been finalised. So, those who bid for the public issue worth Rs 2,998.51 crore are anxiously waiting for the listing of CarTrade IPO. However, bidders are keeping their eye on the grey market too. For such bidders, CarTrade IPO GMP today is Rs 260, Rs 40 up from its yesterday''s share price in the grey market. According to market observers, CarTrade IPO GMP has been oscillating in the range of Rs 200 to Rs 250 for the last seven days, which means grey market is expecting moderate to reasonable listing gain from the public issue.
CarTrade IPO grey market premium
According to market observers, CarTrade shares started trading in the grey market at a premium of around Rs 175. After that till closure of CarTrade IPO bidding, this premium went up to Rs 250. But, after the closure of CarTrade IPO subscription, it came down to around Rs 200 to Rs 210, which was obvious as share price comes down after the closure of a public issue. But, CarTrade IPO grey market premium continued to remain above Rs 200. Market observers went on to add that CarTrade IPO GMP remaining in the range of Rs 200 to Rs 250 indicates that the market is expecting moderate to reasonable listing gain from the public issue.
What this GMP means
Market observers said that CarTrade IPO GMP today is Rs 260 against its price band of Rs 1585 to Rs 1618. This means, grey market is expecting CarTrade IPO listing at around Rs 1878 ( Rs 1618 + Rs 260) — near 15 per cent listing gain from the public issue.
Highlighting the fundamentals that may augur well for CarTrade IPO; Abhay Doshi, founder at UnlistedArena.com said, "Company posted total income of Rs 2815 million in FY 2021 with adjusted EBITDA margins of 27.62 per cent. Price to sales is almost 30 times, which is way higher than global listed peers."