Popular vehicles and services IPO
Popular Vehicles and Services (IPO) opened for subscription today (March 12). Its last date is March 14, and as per the IPO, about 50 per cent of the IPO has been allotted to qualified institutional buyers (QIBs), with not less than 35 per cent reserved for retail investors and a minimum of 15 per cent for non-institutional investors. The percentage is fixed. Investors (NII).
Popular Vehicles & Services’ IPO is finally here today! Opened for subscription today, Tuesday, March 12, 2024. This article provides a quick overview of everything you need to know about IPOs.
IPO Introduction, Company Details, IPO Date, Price, IPO Size, etc.
Popular Vehicles and Services: A Look at the Company
Popular Vehicles & Services, a Kuttukaran group company, runs car dealerships across multiple brands in Kerala, Tamil Nadu and Karnataka. As of March 31, 2023, it was among the top six dealerships in commercial and passenger vehicle sales in India. They claim that the Arena network is the fifth largest dealership in India in terms of sales, while the Nexa network is the eighth largest in terms of volumes. Additionally, they are ranked number one in all-India Maruti Suzuki service volumes, including Arena and Nexa, for FY2023.
Popular Vehicles and Services IPO dates and pricing
Opening date: March 12, 2024
Last Date: March 14, 2024
Price Band: ₹280 – ₹295 per share
Popular Vehicles and Services IPO size and lot size
Total issue size: ₹601.55 crore
Latest issue: ₹250 crore
Offer for Sale (OFS): ₹351.55 crore
Popular Vehicles and Services IPO Lot Size:
A minimum of 50 shares and in multiples thereof
Popular Vehicles and Services IPO allotment and listing
Allotment Date (Expected): March 15, 2024
Listing Date (tentative): March 19, 2024 (on both BSE and NSE)
additional resources
For more information and updates on Popular Vehicles & Services IPO, you can consult financial news websites and brokerage firms.
