Home / Markets / Stock Markets /  Car Trade vs Nuvoco Vistas IPOs: Latest GMP, price, other details
Back

Car Trade vs Nuvoco Vistas IPOs: Latest GMP, price, other details

Car Trade vs Nuvoco Vistas IPOs: Car Trade IPO GMP today is  ₹450 while Nuvoco Vistas IPO GMP today is  ₹40. (iStock)Premium
Car Trade vs Nuvoco Vistas IPOs: Car Trade IPO GMP today is 450 while Nuvoco Vistas IPO GMP today is 40. (iStock)

  • Car Trade vs Nuvoco Vistas IPOs: Car Trade promoters are aiming to raise 2,998.51 crore from this public issue while Novoco Vistas promoters are aiming to raise 5,000 crore from their initial offer

Car Trade vs Nuvoco Vistas IPOs: After bidding for four initial public offerings (IPOs) ended yesterday, two more public issues — Car Trade and Nuvuco Vistas — are going to open for subscription on 9th August 2021. These public issues will remain open for bidding till 11th August 2021. While Car Trade promoters are aiming to raise 2,998.51 crore from this public issue, Novoco Vistas promoters are aiming to raise 5,000 crore from their initial offer. As we are just two days away when bidding for these public issues will open grey market has also started signaling about its mood in regard to Car Trade IPO and Nuvoco Vistas IPO.

Here we list out important details in regard to Car Trade and Nuvoco Vistas IPOs:

- Grey market premium

Car Trade IPO GMP today is 450 — 25 up from its Friday grey market premium. This means Car Trade Tech shares are available in the grey market at more than 25 per cent premium. In other words, grey market is expecting more than 25 per cent listing gain from this IPO.

Nuvoco Vistas IPO GMP today is 40 — 2 up from its Friday grey market premium. This means the listing gain expected by the grey market from this IPO is around 7 per cent.

- IPOs price band

Car Trade Tech management has fixed car Trade IPO price at 1585 to 1618 per equity share. A bidder will have to apply in lots and one lot will comprise of 9 equity share of the company. A single bidder can apply for minimum one lot and maximum 13 lots.

Nuvoco Vistas promoters have fixed price band of the public issue at 560 to 570. A bidder will be able to apply for the IPO in lots and one lot of the IPO will comprise 26 shares of the company. A single bidder can apply for minimum one lot and maximum 13 lots.

- Investment limit

As mentioned above, a single bidder can apply for minimum one lot and maximum 13 lots. This means Car Trade IPO bidders are allowed to invest minimum 14,562 ( 1618 x 9) and maximum 1,89,306 [( 1618 x 9) x 13].

- Experts verdict

Market observers are of the opinion that one can subscribe both the IPOs for reasonable listing gains. They said that Car Trade IPO is highly priced while Nuvoco Vistas has backing of big brand Nirma.

Speaking on Car Trade IPO; Abhay Doshi, Founder at UnlistedArena.com said, "The (Car Trade) issue looks expensively priced but being a niche company and frenzy for startup IPOs, it may accelerate in short term due to first mover advantage."

- Share allotment and listing

Both public issues are expected to finalise share allotment on 17th August 2021. Both public issues are likely to get listed at NSE and BSE on 23rd August 2021.

Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout