The Popular Vehicles & Services IPO is valued at Rs 601.55 crores. The offering consists of 1.19 crore shares for sale, totaling Rs 351.55 crores, and a new issue of 0.85 crore shares, totaling Rs 250.00 crores.
The subscription period for the Popular Vehicles & Services IPO begins on March 12, 2024, and ends on March 14, 2024. On Friday, March 15, 2024, the allocation for the Popular Vehicles & Services IPO is anticipated to be completed. The Popular Vehicles & Services Initial Public Offering (IPO) is scheduled to go live on the BSE and NSE on Tuesday, March 19, 2024.
Popular Automobiles and Services IPO price range is ₹280 to ₹295 for each share. An application must have a minimum lot size of 50 shares. Retail investors are required to invest a minimum of ₹14,750. For both sNII and bNII, the minimum lot size investment is ₹206,500 for 14 lots (700 shares) and ₹1,003,000 for 68 lots (3,400 shares).
The Popular Vehicles & Services IPO’s book-running lead managers are ICICI Securities Limited, Nuvama Wealth Management Limited, and Centrum Capital Limited, and the registrar is Link Intime India Private Ltd.
Here’s how you can check the allotment status of Popular Vehicles & Services Limited IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the Link Intime India Private Limited website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on March 18, 2024.
Popular Vehicles and Services Limited was established in 1983 and is a car dealership company in India. Popular Vehicles offers full services for the duration of a vehicle’s ownership, including sales of new and used cars, maintenance, the provision of spare parts, driving instruction, and the selling of insurance and financial products to third parties.
The three business segments of the company are as follows:
- Passenger cars, including high-end models
- Cars used for business
- Electric two and three-wheeler cars
Popular Vehicles & Services Limited GMP
| Date | GMP |
| March 11 | ₹27 |
| March 10 | ₹27 |
| March 9 | ₹27 |
| March 8 | ₹27 |
At a price range of 295.00, the anticipated listing price for the Popular Vehicles & Services IPO is ₹322, which includes the cap price plus today’s Grey Market Premium (GMP). The projected percentage increase or decrease per share stands at 9.15%.
