Popular Vehicles & Services IPO bidding started from March 12, 2024 and ended on March 14, 2024. The allotment for Popular Vehicles & Services IPO was finalized on Friday, March 15, 2024. The shares got listed on BSE, NSE on March 19, 2024.
IPO Size: 20,395,205 shares (601.66 Cr) Fresh Issue: 8,478,130 shares (250.10 Cr) Offer for Sale (OFS): 11,917,075 shares (351.55 Cr) Subscription Dates: April 30, 2024 to May 4, 2024 Expected Allotment: Friday, March 15, 2024 Listing Date (Tentative): March 19, 2024 Price Band: ₹280 to ₹295 per share Retail Investors: ₹.14,750 (50 shares) Small HNI : ₹.206,500(14 lots, 700 shares) Big HNI : ₹.1,003,000(68 lots, 3400 shares)
| IPO Date | April 30, 2024 to May 4, 2024 |
| Listing Date | March 19, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹280 to ₹295 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 20,395,205 shares (aggregating up to ₹601.66 Cr) |
| Fresh Issue | 8,478,130 (aggregating up to ₹250.10 Cr) |
| Offer for Sale | 11,917,075 shares of ₹2 (aggregating up to ₹351.55 Cr) |
| Employee Discount | ₹28 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 62,721,445 |
| Share holding post issue | 71,199,575 |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 6,118,562 (30%) |
| QIB Shares Offered | 4,079,041 (20%) |
| NII (HNI) Shares Offered | 3,059,281 (15%) |
| bNII > Rs.10L | 2,039,521 (10%) |
| sNII < Rs.10L | 1,019,760 (5%) |
| Retail Shares Offered | 2,039,521 (10%) |
| Total Shares Offered | 20,395,205 (100%) |
The Popular Vehicles & Services IPO achieved a subscription rate of times The retail category subscribed times, the QIB category subscribed times, and the NII category subscribed times. Review the subscription details on a day-to-day basis (live status).
| Investor Category | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Qualified Institutions | 4,079,041 | |||
| Non-Institutional Buyers | 3,059,281 | |||
| bNII (bids above ₹10L) | 2,039,521 | |||
| sNII (bids below ₹10L) | 1,019,760 | |||
| Retail Investors | 2,039,521 | |||
| Employees | ||||
| Others | ||||
| Total** | 9,177,842 | 0 | 0.00 | 0.00 |
Popular Vehicles & Services IPO raises ₹ 180.17 crore from anchor investors. Popular Vehicles & Services IPO Anchor bid date is March 11, 2024. Popular Vehicles & Services IPO Anchor Investors list
| Bid Date | March 11, 2024 |
| Shares Offered | 6107325 |
| Anchor Portion Size (In Cr.) | 180.17 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 13, 2024 |
Popular Vehicles & Services IPO opens on April 30, 2024 and closes on May 4, 2024.
| IPO Open Date | Tuesday, April 30, 2024 |
| IPO Close Date | Saturday, May 4, 2024 |
| Basis of Allotment* | Friday, March 15, 2024 |
| Initiation of Refunds* | Monday, March 18, 2024 |
| Credit of Shares to Demat* | Thursday, April 18, 2024 |
| Listing Date* | Tuesday, March 19, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, March 14, 2024 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹ 14,750 |
| Retail (Max) | 13 | 650 | ₹ 191,750 |
| S-HNI (Min) | 14 | 700 | ₹ 206,500 |
| S-HNI (Max) | 67 | 3350 | ₹ 988,250 |
| B-HNI (Min) | 68 | 3400 | ₹ 1,003,000 |
| Lot Size Calculator | |||
The promoters of the company are John K. Paul, Francis K. Paul and Naveen Philip
| Share Holding Pre Issue | 69.45% |
| Share Holding Post Issue | 61.17% |
Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India.
Popular Vehicles provides complete services throughout the life cycle of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales.
The company’s business can be divided into three segments
The company proposes to utilise the Net Proceeds towards funding the following objects:
Kuttukaran Centre Mamangalam, Cochin Ernakulam 682 025
Phone: +91 484 2341 134
Email: cs@popularv.com
Website: https://www.popularmaruti.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: popularvehicles.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
| Listing Date | March 19, 2024 |
| BSE Script Code | 544162 |
| NSE Symbol | PVSL |
| ISIN | INE772T01024 |
| Final Issue Price | ₹ 295 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 295 | ₹ 295 |
Popular Vehicles & Services IPO is a main-board FPO of 20,395,205 equity shares of the face value of ₹ 2 aggregating up to ₹ 250 Crores. The issue is priced at ₹280 to ₹295 per share. The minimum order quantity is 50 Shares.
The Popular Vehicles & Services IPO opens on April 30, 2024 and closes on May 4, 2024.
Retail Investors: ₹.14,750 (50 shares) Small HNI : ₹.206,500(14 lots, 700 shares) Big HNI : ₹.1,003,000(68 lots, 3400 shares)
The finalization of Basis of Allotment for Popular Vehicles & Services IPO will be done on Friday, March 15, 2024, and the allotted shares will be credited to your demat account by Thursday, April 18, 2024. Check the Popular Vehicles & Services IPO allotment status.