Popular Vehicles and Services IPO is planning to raise ₹601.55 Crores through its IPO.
Subscription opened on 12 Mar, 2024 and closed on 14 Mar,2024. The allotment result is expected on Friday, 15 Mar,2024. The listing date scheduled for Tuesday, 19 Mar,2024.
The Popular Vehicles and Services IPO share prices are set in the range of ₹280 to ₹295 per share. Retail investors need a minimum investment of ₹14750 for a lot size of 50 shares. For S-HNI, the minimum lot size investment is 14 lots (700 shares), totaling ₹206,500.
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IPO GMP
Today, the Gray Market Premium (GMP) for Popular Vehicles and Services IPO is ₹0. After the allotment is announced, you can check your status on the website: https://linkintime.co.in/initial_offer/public-issues.html.
For more information about the GMP of the Popular Vehicles and Services IPO, please read our blog here.
IPO Details
| Date | 12 Mar,2024 to 14 Mar, 2024 |
| Listing Date | 19 Mar, 2024 |
| Price Band | ₹280 to ₹295 / share |
| Lot Size | 50 Shares |
| Total Issue Size | 20,391,651 shares (around ₹601.55 Cr) |
| Fresh Issue | 8,474,576 shares (around ₹250.00 Cr) |
IPO Lot Size
| 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 | 3,350 | ₹988,250 |
| B-HNI (Min) | 68 | 3,400 | ₹1,003,000 |
IPO Timeline
| IPO Open Date | 12 Mar 2024 |
| IPO Close Date | 14 Mar 2024 |
| Basis of Allotment | 15 Mar 2024 |
| Initiation of Refunds | 18 Mar 2024 |
| Credit of Shares to Demat | 18 Mar 2024 |
| Listing Date | 19 Mar 2024 |
| Cut-off time for UPI mandate | 14 Mar 2024 (5 PM) |
IPO Reservation Quota
| Investor Type | Shares Offered (%) |
|---|---|
| QIB Quota | No more than 50%of the total offering |
| NII Quota | No less than 15%of the total offering |
| Retail Quota | No less than 35%of the total offering |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.42% |
| ROCE | 8.83% |
| Debt/Equity | 1.99 |
| RoNW | 10.42% |
| P/BV | 4.82 |
IPO Financial Information’s ( Value in ₹ Cr. )
| Period Ended | Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 1,941.78 | 1,503.78 | 1,263.29 | 1,118.94 |
| Revenue | 2,848.21 | 4,892.63 | 3,484.20 | 2,919.25 |
| Profit After Tax | 40.04 | 64.07 | 33.67 | 32.46 |
| Net Worth | 384.21 | 343.04 | 279.89 | 246.00 |
| Reserves and Surplus | 371.67 | 330.50 | 267.34 | 233.46 |
| Total Borrowing | 764.61 | 505.01 | 371.91 | 353.04 |
IPO Objectives
- Paying off or partially paying off loans taken by the company and its subsidiaries, specifically VMPL, PAWL, PMMIL, KGPL, KCPL, and PMPL.
- General Corporate Purposes.
FAQs
Today, the Gray Market Premium for Popular Vehicles is ₹0.
The expected return for the IPO today is 0%.
The start date for applying to the IPO is 12 Mar,2024.
The end date for applying to the IPO is 14 Mar,2024
The allotment date for the IPO is 15 Mar,2024.
The listing date for the IPO is 19 Mar,2024.
You can check the allotment status at https://linkintime.co.in/initial_offer/public-issues.html.