Edit Profile
crown
Subscribe Now
Saved Articles
Following
My Reads
Sign out
Get App
    Copyright © HT Digital Streams Ltd. All rights reserved.
    Sign in
    HomeNext

    Popular Vehicles and Services IPO listing: GMP, details ahead of debut today

    Popular Vehicles and Services IPO opened for subscription on March 12 and ended on March 14. Price band was set at ₹280 to ₹295 with a face value of ₹2.

    Updated on: Mar 19, 2024, 07:21:14 IST
    By HT News Desk
    Prefer HTPrefer HTPrefer HTon Google
    Share
    Share via
    • facebook
    • twitter
    • linkedin
    • whatsapp
    Copy link
    • copy link

    Popular Vehicles and Services IPO: Popular Vehicles and Services IPO listing date has been scheduled for March 19. The allotment status has already been finalised and crediting of shares to demat accounts for individuals who have been allotted shares takes place on March 18. The completion of the refund procedure for individuals who have not yet received their shares will also be done on the same day.

    Popular Vehicles and Services IPO: The IPO consisted of a fresh issue of ₹250 crore as well as an offer-for-sale (OFS).
    Popular Vehicles and Services IPO: The IPO consisted of a fresh issue of ₹250 crore as well as an offer-for-sale (OFS).

    Popular Vehicles and Services IPO subscription

    As per BSE data, the subscription status for the Popular Vehicles IPO was 1.23 times on the third day: portion for retail investors subscribed 1.05 times, portion for non-institutional investors (NII) booked at 66% and portion for qualified institutional buyers (QIB) at 1.97-times.

    Read more: Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail files for IPO: Details

    Popular Vehicles and Services IPO details

    The IPO opened for subscription on March 12 and ended on March 14. The price band was set at ₹280 to ₹295 with a face value of ₹2. The IPO set aside 15% for NII, 50% of the shares for QIB, and 35% of the offer for retail investors and raised ₹180.17 crore from anchor investors on March 11. The IPO consisted of a fresh issue of ₹250 crore as well as an offer-for-sale (OFS) by the selling shareholder BanyanTree Growth Capital II, LLC.

    Read more: Signoria Creation IPO listing tomorrow: What GMP indicates ahead of debut

    The book running lead managers of the IPO are ICICI Securities Limited, Nuvama Wealth Management Limited, and Centrum Capital Limited while the registrar is Link Intime India Private Ltd.

    Read more: Krystal Integrated Services IPO allotment tomorrow: Here's how to check status

    Popular Vehicles and Services IPO GMP

    The grey market premium was at ₹0 indicating that the shares of the company were trading at their issue price with no premium or discount.

    • HT News Desk
      ABOUT THE AUTHOR
      HT News Desk

      Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

    recommendedIcon
    Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
    Home/Business/Popular Vehicles And Services IPO Listing: GMP, Details Ahead Of Debut Today
    • mint-logo
    • HH-logo
    • mint-lounge
    • HT_Auto
    • httechlogowhite
    • ht-bangla
    • healthshots
    • OTT-icon
    • slurrp-icon
    • smartcast-logo
    • ht-kannada
    • ht-tamil
    • ht-telugu
    • ht-marathi
    • logo-fab-play
    • VCCircle_logo-white
    • TechCircle_logo_white
    • VCCEdge_logo_white
    • edge-insights-logo
    • shineLogo
    © 2026 HindustanTimes