The initial public offering (IPO) of Popular Vehicles & Services Limited commenced today and will be open for subscription until March 14, 2024. The automotive dealership company has set the Popular Vehicles IPO price band at ₹280 to ₹295 per equity share. The book build issue intends to raise ₹601.55 crore from its IPO. To subscribe to the IPO, click here.
As of 12:42 PM on the first day of bidding, the public issue was subscribed 0.16 times overall, with the retail portion subscribed 0.29 times and the NII (non-institutional investors) segment subscribed 0.05 times.
However, the employees segment received full subscriptions, with bids totalling 2.58 times the initial offer.
Investors can apply for shares in lots, with one lot comprising 50 shares of the automobile retailer company.
The IPO comprises a combination of fresh shares and OFS (Offer for Sale). The company aims to raise ₹601.55 crore from its IPO, with ₹250 crore from the issuance of fresh shares and the remaining ₹351.55 crore reserved for the OFS.
Link Intime Private Limited has been appointed as the official registrar of the Popular Vehicles IPO.
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services Ltd. All Rights Reserved
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
