CarTrade Technology share cost: The shares of on-line automobile identified system CarTrade Technology made a weak launching on the stock market today listing at over 1 percent less than their concern cost.
The scrip obtained detailed at Rs 1,59980 each on the National Stock Market (NSE), consequently signing up a loss of 1.12 percent from its deal cost of Rs 1,61800, while on the BSE, it opened up at Rs 1,60000, down 1.11 percent from the concern cost.
The supply slid additionally from its opening prices and also touched an intraday reduced of Rs 1,48100 on NSE and also Rs 1,48155 on the BSE thus far throughout the very first half-hour of profession.
At 10: 30 am, the scrip was trading at Rs 1,50695 on the BSE, down 6.86 percent from the concern cost while on NSE it went to Rs 1,51080
Over 61.93 shares of CarTrade Technology were traded on the NSE throughout the very first 30 mins of profession, while over 2.29 lakh shares traded hands on the BSE, information from the particular stock market revealed.
The Rs 2,999 crore IPO of the on-line automobile identified system fulfilled a durable need throughout its deal duration from August 9-11 The concern was subscribed 20.29 times
With its system, the business enables clients to deal utilized cars and trucks along with brand-new cars and trucks. The company is a multi-channel automobile system with insurance coverage and also visibility throughout car kinds and also value-added solutions via its brand names– CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Automobile and also AutoBiz.