The CarTrade Tech IPO will be listed on August 20. Its IPO was subscribed 20.29 times. In the gray market, its premium has fallen from 180 to 120 rupees. The price of this IPO was Rs 1618. But it is trading at Rs 1738 i.e. it is trading at a premium of only 7.4 per cent. This IPO opened on August 9, 2021 and at that time it was trading at a premium of Rs.400 in the gray market. This is 24.7 percent less than its issue price. In such a situation, the question arises that what should investors do now. Sell it, buy or hold it.
This stock can prove to be good for long term
Abhay Doshi, Founder, Abhay Doshi, Founder, UnlistedArena.com, which deals in pre IPO and unlisted shares, says that the share of CarTrade Tech can be listed between 1725 to 1800. Its share seems to be overpriced. However, even after listing, the demand for its shares may remain because it can get the benefit of taking the initiative first. However, in his view, it would be good to track it further in the long term.
Harsh Patidar, Auto Analyst, CapitalVia Global Research, says that the IPO hype is now slowly taking off. Given the current weakness in the market, the IPO is not getting much good response. Especially the month of August has not been good for IPO. Patidar says that the IPO of CarTrade was oversubscribed, which is a matter of excitement. From this it seems that its IPO will be listed with a gain of 15 to 20 percent. Investors should not be intimidated by its short term volatility. They can keep it for long term as its fundamentals are strong and it can give good returns in future. There are many channels of car trade. These include CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz.
Emcure Pharmaceuticals to launch IPO, documents filed with SEBI for fresh issue of Rs 1100 crore
The only profit making company among peer companies
Aastha Jain, Senior Research Analyst, Hem Securities, says that investors can keep the rest of the shares for long term by booking some profit in it. This company is in the market as a big market place for the sale of vehicles. The company has proprietary end-to-end technology platforms. Whereas for the solution, its focus is on data science. So the prospects of the company are looking good. Along with this, the company is the only automotive digital platform among its peer companies that is making profits. The company is based on an asset-light model and has a good EBIDTA margin. CarTrade Tech has investments from leading investor companies like Warburg Pincus, Temasek, JP Morgan, and March Capital. investing.)