Popular Vehicles and Services IPO GMP, Timeline, Lot Size and Reservation!

The subscription of popular vehicles and services ipo gmp is open from 12th March 2024 and ends on 14th March 2024. The company was founded in 1993 and is engaged in the business of automobile dealerships in India. 

Popular Vehicles and Services IPO GMP 

The allotment for the popular vehicles and services IPO is expected to be finalized on 14th March 2024, which means Friday. The IPO of this company will be listed on BSE NSE with a tentative listing date fixed as 19th March 2024, Tuesday. 

popular vehicles and services IPO Pis a book-built issue of Rs 601.55 crore. This issue is a combination of a new issue of 0.85 Crore shares and this aggregates to Rs 250.00 crore.

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The offer for sale of 1.19 crore shares which will be aggregated to Rs 351.55 crores. The price band of popular vehicles and services is set at Rs 280 – Rs 295 per share. 

Popular Vehicles and Services IPO Timeline 

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

Popular Vehicles and Services IPO Details 

Face Value  Rs 2 per share 
Price Band  Rs 280 – Rs 295 per share 
Lot Size  50 shares 
Total Size Issue  20,391,651 shares 
Fresh Issue  8,474,576 shares (aggregating up to Rs 601.55 Cr) 
Offer for Sale  11,917,075 shares of Rs 2 (aggregating up to Rs 351.55 Cr) 
Employee Discounts  Rs 28 per share 
Issue Type  Book Built Issue IPO 
Listing At  BSE NSE
Shareholding pre issue  62,721,445
Shareholding post issue  71,196,021

Popular Vehicles & Services IPO Lot Size 

The minimal lot size for an application is 50 shares. The lowest amount of investment required  by the retail investors is around Rs 14,750.

The minimum lot size investment for sNII is 14 lots (700 shares), amounting to Rs 206,500 and for bNII it is 68 lots (3,400 shares) amounting to Rs 1,003,000. 

Popular Vehicles and Services IPO GMP 

The below table depicts the minimum and highest investment by retail investors and HNI in terms of amount and shares. 

Application  Lots  Shares  Amount 
Retail (Minimum)  1 50 Rs 14,750
Retail (Maximum)  13 650 Rs 191,750
S-HNI (Minimum) 14 700 Rs 206,500
S-HNI (Maximum)  67 3,350 Rs 988,250
S-HNI (Minimum)  68 3,400 Rs 1,003,000

Popular Vehicles & Services IPO Reservation 

Investor Categories  Shares Offered 
NII (HNI) Shares Offered  No less than 15% of net issue 
QIB Shares Provide Not high than 50% of the net issue 
Retail Shares Facilitated  Not lower than 35% of the net issue 

Popular Vehicles & Services IPO GMP Promoters Name and Holdings 

The names of the promoters of this company are John K. Paul, Francis K. Paul and Naveen Phillip. 

Shareholding pre issue 65.79%
Shareholding post issue 

Popular Vehicles & Services IPO GMP Review 

  • The company is one of the diversified ones within the automobile dealership and servicing sector. 
  • The Firm currently operates in around 4 different states with 400 touchpoints. 
  • The organization marked growth in its bottom and top lines for the reported periods. 
  • Depending on the financial year 2024 annualized earnings, the issue appears totally priced. 
  • Another and most important review is that presently the brand image of this firm is highly good in the market. This is because the company is always focusing on providing high-quality goods and services to users. 

Popular Vehicles and Services IPO: Apply or Not?

According to me you definitely apply for this IPO because this firm is highly trustworthy and customer-oriented. 

Another reason I am suggesting you apply for this IPO is that the quality of their services and products is highly impressive.

In conclusion, due to keeping quality their financial growth is increasing day by day. This states that your investment would be safe in this IPO for a long time. 

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