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 current subscription status of Popular Vehicles & Services Limited IPO?

Popular Vehicles & Services Limited IPO has received a total subscription of 1.24 times overall.

IPO GreyPremiumLIVE

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

1.24x

Total Demand

QIB Multiplier

1.92x

Institutions & Funds

NII / HNI

0.67x

High Net-Worth

Retail (RII)

1.07x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 1.24x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	4,070,840	7,810,150	1.92x
NIB	3,053,130	2,052,950	0.67x
HNIs(10L +)	2,035,420	1,360,350	0.67x
HNIs (2-10L)	1,017,710	692,600	0.68x
RETAIL	7,123,970	7,611,950	1.07x
EMPLOYEES	37,453	299,300	7.99x
Total	17,338,523	19,827,300	1.24x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.06x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	142,741	152,733	1.07x
HNIs (10L +)	913	612	0.67x
HNIs (2-10L)	4,370	2,928	0.67x
Total Applications	148,024	156,273	1.06x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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?

Currently, Popular Vehicles & Services Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹280 to ₹295 per equity share.

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

The retail lot size is 50 shares requiring a minimum application amount of ₹14,750. Expected listing price is ₹295 per equity share.

What is the issue size and price band for Popular Vehicles & Services Limited IPO?

The Popular Vehicles & Services Limited IPO aggregate issue size is ₹601.55 Crores with an equity price band set at ₹280 to ₹295 per equity share. The retail lot size is 50 shares requiring a minimum capital outlay of approx. ₹14,750.

How can I check Popular Vehicles & Services Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.24x (Retail: 1.07x, QIB: 1.92x, NII: 0.67x). You can track live multiples directly on our dedicated subscription page.

Where and when will Popular Vehicles & Services Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-03-15. Investors can verify status using PAN card or application number.

When is the listing date for Popular Vehicles & Services Limited IPO?

Popular Vehicles & Services Limited shares are scheduled to list on NSE and BSE on 2024-03-19.