Ashok Rathi

Popular Vehicles IPO Date Price GMP Details

Popular Vehicles IPO Date Price GMP Details. Popular Vehicles and Services IPO is a combination of an open offer for sale of 1.19cr shares aggregating to Rs.250.00 Crore and a fresh issue of 0.85 Crore shares aggregating to Rs.351.55 Crore. So Popular Vehicles and Services IPO book built issue size is Rs.601Crore. Popular Vehicles IPO opens for subscription on 12th march and closes on 14th March 2024. This will list on NSE and BSE Exchanges on the 19th March 2024.

Popular Vehicles and Services IPO price band is ₹280 to ₹295 with 10Rs Face Value. The lot size is 50 shares, which needs a retailer investor to invest Rs.14750 per lot.

Popular Vehicles IPO Date Price GMP Details
Popular Vehicles IPO Date Price GMP Details

Popular Vehicles IPO Details      

IPO Date 12th March
Face Value ₹10 per share
Listing Date 19th March
Lot Size 50 Shares
Price Band ₹280 to ₹295 per share
Issue Type Book Built Issue IPO
Offer for Sale 11917075 shares of ₹10
(aggregating up to ₹250.00 Cr)
Fresh Issue  8474576 Shares
(aggregating up to ₹351.55 Cr)
Total Issue Size 20,391,651 shares
(aggregating up to ₹601.55 Cr)
Listing Exchanges NSE, BSE
Share holding pre Issue 62,421,745
Share Holding Post Issue 71,196,021
Employee Discount Rs.28 Per Share
Issue Type Book Built Issue Type

Popular Vehicles IPO Timeline – Tentative Schedule

IPO Open Date Tuesday 12th March 2024
IPO Close Date Thursday 14th March 2024
Basis of Allotment Friday 15th March 2024
Initiation of Refunds Monday 18th March 2024
Shares Credit to Demat Monday 18th March 2024
Listing Date Tuesday 19th March 2024
Cut-off time UPI mandate confirmation 5 PM on 14th March 2024

Popular Vehicles and Services IPO Reservation

Popular Vehicles and  Services IPO Total offers 20,395,205 Shares. In which 14.99% to NNI(30,53,663 Shares), 19.99% QIB(4,071,551) and 34.94% Shares for Retail Investor(7125213 Shares) and 0.18%, 37453 Shares Employee Quota with a discount of Rs28per share. 6,107,325 (29.94%) to Anchor investors. 142,504 RIIs gets 50 shares, SNII will receive 1554 and bNII gets 2908.

Investor Category Shares Offered Maximum Allottees 
QIB Shares Offered 4,071,551 (19.96%)) NA
Anchor Investor Shares Offered 6,107,325 (29.94%) NA
NII (HNI) Shares Offered 3,053,663 (14.97%) 37,453 (0.18%)
sNII < ₹10L 1,017,888 (4.99%) 1,454
bNII > ₹10L 2,035,775 (9.98%) 2,908
Employee Shares Offered 37,453 (0.18%) NA
Retail Shares Offered 7,125,213 (34.94%) 142,504
Total Shares Offered 20,395,205 (100%)

Popular Vehicles & Services IPO Anchor Investors Details

Popular Vehicles IPO raised Rs.180.17 Crore from Anchor investors which has one plus three months lock in period for anchor investors.

Bid Date 11th March 2024
Anchor Portion Size (In Cr.) 180.17 Crore
Shares Offered 6,107,325
Anchor Lock in Period 30 days Ends by 14th April 2024
Anchor lock-in period 90 days end date 13th June 2024

Popular Vehicles IPO Objectives : 

Popular Vehicles Services IPO Objectives may be, The company intends to utilize the Net Proceeds from the Fresh Issue to finance the following purposes:

  1. Repayment or prepayment, whether in full or partially, of specific borrowings obtained by the Company
  2. Providing funds for the Company’s working capital needs.
  3. Financing capital expenses for acquiring new machinery; and Addressing general corporate needs

Krsytal Integrated Services IPO Registrar :

Link Intime India Private Ltd
Phone: +91-22-4918 6270

Popular Vehicles and Services IPOs Lead Manager : 

ICICI Securities Limited, Nuvama Wealth Management Limited and Centrum Capital Limited are the lead managers of Popular Vehicles and Services Limited.

Popular Vehicles and Services IPO FAQs :

What is Popular Vehicles  IPO?

When Popular Vehicles IPO Will Open?  Popular Vehicles IPO Bid Will Open on 12th march and closes on 14th March 2024.

What is the Lot Size of Popular Vehicles IPO ? Popular Vehicles Services IPO Lot size is 50 Shares in one lot.

When is the allotment date of Popular Vehicles IPO ? The allotment date is 15th march and by 18th march shares will be credited in Demat account.

What is the Listing Date of Popular Vehicles  IPO? 19st march is the listing date of Popular Vehicles IPO.

How to apply for Popular Vehicles Services IPO? There is simple steps to follow, Firstly go to your brokers website and login there. 2nd after login see the IPO section and click there. 3rd click the Krystal Integrated Service Bid button here. 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form. 5th Now visit your UPI app page and approve the transaction. Now Finally IPO Bidding process is completed.

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