What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Popular Vehicles & Services Limited IPO allotment date?

The basis of allotment for Popular Vehicles & Services Limited IPO is scheduled to be finalized on 15 Mar 2024.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 16 Mar 2024.

Popular Vehicles & Services Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Popular Vehicles and Services Limited, founded in 1983, is a leading automobile dealership in India, providing a comprehensive range of sales and after-sales services. With an extensive network of 59 showrooms, 126 sales outlets, 31 pre-owned vehicle showrooms, and 134 authorized service centers, the company operates across Kerala, Karnataka, Tamil Nadu, and Maharashtra. Beyond vehicle sales, it offers servicing, spare parts distribution, and financial and insurance products. In FY 2023, Popular Vehicles serviced over 791,000 vehicles, underscoring its customer-centric approach. With PAT growth from ₹324.55 million in FY 2021 to ₹640.74 million in FY 2023, the company continues its strong trajectory in the Indian automotive sector.

Price Band

₹280 – ₹295

Issue Size

₹602 Cr

Lot Size

50 shares

GMP

—

Est. Listing

₹295

at current GMP

Subscribed

1.24x

overall

Open

12 Mar 2024

14 Mar 2024

Allotment

15 Mar 2024

Refund

16 Mar 2024

Demat Credit

17 Mar 2024

Listing

19 Mar 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Popular Vehicles & Services Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

15 Mar 2024

Basis finalization

Refunds Initiate

16 Mar 2024

Mandate release

Demat Credit

17 Mar 2024

Shares in demat

Listing Debut

19 Mar 2024

Trading begins

How to Check Popular Vehicles & Services Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Popular Vehicles & Services Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Popular Vehicles & Services Limited Public Issue & Market Profile

Popular Vehicles & Services Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹601.55 Crores. The shares are offered at a price band of ₹280 to ₹295 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-03-14, the basis of allotment is scheduled to be finalized on 2024-03-15. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.