Popular Vehicles and Services IPO GMP: The initial public service offering of Popular Vehicles and Services is set to open for public subscription on March 12. As the Popular Vehicles and Services IPO is just around the corner know important IPO details like price band, GMP, subscription dates, allotment and other details here.
Popular Vehicles and Services IPO Issue Size
The Popular Vehicles and Services IPO is a book-built offering worth Rs 601.55 crores. This comprises a fresh issue of 0.85 crore shares amounting to Rs 250.00 crores and an offer for sale of 1.19 crore shares totalling Rs 351.55 crores.
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Popular Vehicles and Services IPO Subscription Window Opening Date
Popular Vehicles and Services IPO subscription window will be scheduled to open on March 12.
Popular Vehicles and Services IPO Subscription Window Closing Date
Popular Vehicles and Services IPO subscription window will be open for three days and closes on March 14.
Popular Vehicles and Services IPO GMP: Check Latest GMP
According to various unlisted market tracking websites. The grey market price (GMP) of Popular Vehicles and Services ranges between Rs Rs 33 to Rs 60 per share.
Popular Vehicles and Services IPO Price Band
Popular Vehicles and Services IPO has a fixed price band set at Rs 280 to Rs 295 per share.
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Popular Vehicles and Services IPO Lot Size and Minimum Investment
Popular Vehicles and Services IPO minimum lot size of 50 shares, requiring an investment of Rs 14,750 for retail investors. For sNII, the minimum lot size investment is 14 lots (700 shares), totalling Rs 206,500, while for bNII, it stands at 68 lots (3,400 shares), amounting to Rs 1,003,000.
Popular Vehicles and Services IPO Allotment
The allocation of the Popular Vehicles and Services IPO is anticipated to be finalised on Friday, March 15, 2024.
Popular Vehicles and Services IPO Listing
Popular Vehicles and Services IPO is scheduled to be listed on BSE and NSE, with a tentative listing date set for Tuesday, March 19, 2024.
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Popular Vehicles and Services IPO Book Lending Lead Managers And Registrar
ICICI Securities Limited, Nuvama Wealth Management Limited, and Centrum Capital Limited are the appointed book-running lead managers for the Popular Vehicles & Services IPO, while Link Intime India Private Ltd functions as the registrar for the issue.
About Popular Vehicles and Services Limited
Popular Vehicles and Services Limited established in 1983, as an automobile dealership sector, offering a comprehensive suite of services throughout the vehicle ownership lifecycle. The company operates in three key segments: passenger vehicles (including luxury vehicles), commercial vehicles, and electric two-wheeler and three-wheeler vehicles. With a robust network encompassing 59 showrooms, 126 sales outlets, and booking offices, along with 31 pre-owned vehicle showrooms, 134 authorised service centres, 40 retail outlets, and 24 warehouses across multiple districts, Popular Vehicles has established a significant presence in Kerala, Karnataka, Tamil Nadu, and Maharashtra. In the fiscal year 2023, the company serviced an impressive 791,360 vehicles, spanning luxury, commercial, electric two-wheeler, and electric three-wheeler categories through its extensive network of 130 authorized service centres. Popular Vehicles saw its Profit After Tax (PAT) rise from Rs 324.55 million in Fiscal 2021 to Rs 640.74 million in Fiscal 2023. The company’s total income for the fiscal years 2021, 2022, and 2023 reached Rs 29,192.52 million, Rs 34,841.99 million, and Rs 48,926.28 million, respectively.
