Quote on CarTrade Tech Ltd IPO - 1st day Update by Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on CarTrade Tech Ltd IPO - 1st day Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
CarTrade Tech Ltd IPO – 0.41x subscribed on 1st day (Update)
On 1st day, CarTrade Tech Ltd IPO issues subscribed -0.41x (5 pm as per BSE website). As per our expectation, Going ahead the company will fully subscribe mainly due to strong brand, better technology platforms, a profitable & scalable business model. Further, in terms of valuations, the post-issue FY2021 PE works out 73.4x to (at the upper end of the issue price band). There are no listed peers for comparison. However, the company is doing better compared to its unlisted peers in terms of financial.
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