The details about the Popular Vehicles & Services Limited IPO is as:
- The issue size of the IPO is 601.55 Cr.
- The price band for Popular Vehicles & Services Limited IPO is Rs 280 to Rs 295.
- The shares of Popular Vehicles & Services Limited IPO will list on 19th March 2024.
- The latest tentative GMP of Popular Vehicles & Services Limited IPO is Rs 0.
- The employees of the company to get a discount of Rs 28 per share in IPO.
- The shares of Popular Vehicles & Services Limited IPO is subscribed 1.25 Times as of 14th March 2024.
Popular Vehicles & Services Limited IPO Valuation
The approx valuation of Popular Vehicles & Services Limited IPO based on its price band and DRHP (prospectus) is:
| Particulars |
Value |
| Upper Price Band |
Rs 295 |
| Existing Shares (Qty) |
6.27 Cr |
| Fresh Issue |
250 Cr |
| Market Cap |
2099.65 Cr |
| EPS (FY23) |
Rs 10.22 |
| PE Ratio |
28.86x |
| Industry PE |
34.84x |
Popular Vehicles & Services Limited IPO Issue Size
Popular Vehicles & Services Limited IPO issue size is 601.55 Cr.
| Issue |
Amount |
| Fresh Issue |
250 Cr |
| Offer For Sale |
351.55 Cr |
Popular Vehicles & Services Limited IPO Market Lot
An Individual can apply for a minimum 1 lot of 50 shares and a maximum of 13 lots of 650 shares. Find the details below:
| Application |
Lot |
Shares |
Amount |
| Minimum |
1 |
50 |
14,750 |
| Maximum |
13 |
650 |
1,91,750 |
Popular Vehicles & Services Limited IPO share offer
The shares of Popular Vehicles & Services Limited IPO is subscribed 1.25 Times as of 14th March 2024. The category-wise shares offered are as follows:
| Category |
% Offered |
Subscription |
| Qualified Institutional |
Maximum 50% |
1.92 Times |
| Non-Institutional |
Minimum 15% |
0.67 Times |
| Retail Individual |
Minimum 35% |
1.07 Times |
| Employee |
37,453 Shares |
8.04 Times |
| Total |
|
1.25 Times |
Find below the dates for Popular Vehicles & Services Limited IPO:
| Schedule |
Date |
| Basis of Allotment |
15 March 2024 |
| Refunds |
18 March 2024 |
| Credit to Demat Account |
18 March 2024 |
| IPO Listing Date |
19 March 2024 |
Check allotment status