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.

What is the estimated listing price for Popular Vehicles & Services Limited IPO?

Based on the upper price band of ₹295 and current GMP of ₹0, the estimated listing price is ₹295 (approx. 0.0% gain).

What is the expected profit per lot for Popular Vehicles & Services Limited IPO?

With a lot size of 50 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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Grey Market Intelligence

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

Live Grey Market Premium

Popular Vehicles & Services Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹295

Band: ₹280 – ₹295

Estimated Listing Price

₹295

Upper price + GMP

Lot Size

50 shares

Min investment ₹14,750

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹295
30 Oct 2026	—	0.0%	₹295
29 Oct 2026	—	0.0%	₹295

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Popular Vehicles & Services Limited IPO GMP today?

The latest grey market premium for Popular Vehicles & Services Limited IPO is ₹0, which indicates an expected listing price of ₹295.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.

Popular Vehicles & Services Limited

Popular Vehicles & Services Limited GMP Today

Popular Vehicles & Services Limited GMP Historical Trend

GMP History

Estimated Listing Price

About Popular Vehicles & Services Limited Public Issue & Market Profile

Frequently Asked Questions

What is Popular Vehicles & Services Limited IPO GMP today?

What does Kostak Rate and Sauda mean in IPO GMP?

Is Grey Market Premium officially recognized?