What GMP is signaling about the public issue

Car Trade IPO: The public issue of Car Trade Tech is available for subscription till 11th August 2021. The public issue worth 2,998.51 crore got subscribed 0.99 times by day two of bidding. But, market observers are expecting it to pick up further as there is still one day left for bidding. Market observers said that when the IPO was about to open for subscription, Car Trade shares were trading at a high premium of 450 per equity share in the grey market. But, it has been trading at 225 to 250 per share premium for

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