Public Market

IPO

Car Trade Tech and Nuvoco Vistas IPOs fully subscribed

Mint  

The INR 2,998.5 crore initial public offering (IPO) of CarTrade Tech was subscribed 20.29 times. The offer received bids for 263.17 million equity shares against an IPO size of 12.97 million equity shares. The retail investors portion was the most subscribed with 2.75 times. The non-institutional investors portion was subscribed 41 times and qualified institutional buyers, 35.45 times. Nuvoco Vistas Corp's offer was also fully subscribed. The offer received bids for 107.03 million equity shares against the IPO size of 62.50 million equity shares. The retail investors portion was subscribed 73%, and non-institutional investors portion was subscribed 66%, while qualified institutional buyers' portion was subscribed 4.23 times.