Car Trade Tech Limited which had tapped the capital markets with its offer for sale of 1,85,32,206 shares in a price band of Rs 1,585-1,618 was subscribed 20.29 times. The issue had opened on Monday the 9th of August and closed on Wednesday the 11th of August.

Earlier the company had completed allocation to anchor investors The company allotted 55,59,664 shares at Rs 1,618 to 43 anchor investors. The highest allocation was made to American Funds Insurance Series who was allotted 4,63,527 equity shares or 8.34% of the anchor book. This was followed by an equal allotment to three mutual funds of 3,24,468 equity shares or 5.84% to Axis, Aditya Birla and HDFC. Thus, the top four anchor investors were allotted 25.86% of the anchor book.

At the bottom end of the anchor allocation, 8 anchors were allotted 32,361 shares or 0.58% of the anchor book.

The QIB portion was subscribed 35.45 times, HNI portion was subscribed 41 times and Retail portion was subscribed 2.75 times. The retail portion saw 17.29 lac applications. On basis of lots, the retail portion was subscribed 2.40 times.

Full details of the subscription bucket wise is given below: –