Popular Vehicles and Services Limited IPO
Popular Vehicles and Services Limited was a mainboard IPO in the Auto Dealer sector, offered at ₹280–₹295 per share to raise ₹602 crore. The issue was subscribed 1.23× overall (QIBs 1.97×, NIIs 0.66×, retail 1.05×). It listed on 19 Mar 2024 at ₹289 and closed its first day at ₹276, a listing loss of -6.4% versus the ₹295 issue price. It now trades around ₹90 (-69.4% versus the issue price).
Frequently asked questions
- How many times was the Popular Vehicles and Services Limited IPO subscribed?
- The Popular Vehicles and Services Limited IPO was subscribed 1.23× overall — 1.97× in the QIB category, 0.66× among non-institutional investors, 1.05× in retail.
- What were the Popular Vehicles and Services Limited IPO listing gains?
- Popular Vehicles and Services Limited listed on 19 Mar 2024 at ₹289, closing its first day at ₹276 — a listing loss of -6.4% versus the ₹295 issue price.
- What were the retail allotment odds for the Popular Vehicles and Services Limited IPO?
- Retail was subscribed 1.05×, so a single-lot application had roughly a 95.2% chance of allotment — most applicants were allotted, and allotment was finalised on 15 Mar 2024.
- What was the price band and lot size of the Popular Vehicles and Services Limited IPO?
- The price band was ₹280–₹295 per share, with a minimum lot of 50 shares (₹14,750 at the upper band).
- Who were the registrar and lead manager for the Popular Vehicles and Services Limited IPO?
- Link Intime India Private Limited was the registrar, and ICICI Securities was the book-running lead manager.