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Popular Vehicles & Services IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 601.55 Cr. The company is based in Ernakulam and caters to Automobile sector. Smart Horizon Capital Advisors , ICICI Securities , Nuvama Wealth Management are the merchant bankers of Popular Vehicles & Services IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th September 2023.
Popular Vehicles & Services IPO open date is 12th March 2024 and close date is 14th March 2024. IPO Allotment Date is 15th March 2024 and Listing date is 19th March 2024.
IPO
Size:
₹ 601.55 Cr.
Avg IPO Size (Sector Based)
: ₹
2,667.59 cr.
Sector: Automobile
IPO so far:
18
Merchant Banker:
Smart Horizon
IPO by BRLM so far:
7
City:
Ernakulam
IPO so far:
2
Revenue (annualised):
₹
5696.42
cr. 
PE
Ratio:
26.22x
Average Sector PE Ratio: 19.97x
Popular Vehicles & Services IPO size is ₹ 601.55 Cr. with IPO price of ₹ 295.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager of the Popular Vehicles & Services IPO. Link Intime India Private Limited is the Registrar for Popular Vehicles & Services IPO.
Popular Vehicles & Services IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Popular Vehicles & Services IPO, based in Ernakulam, operates in the Automobile sector with a focus on automobile dealership and servicing segment. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Popular Vehicles & Services IPO size is ₹ 601.55 Cr. with fresh issue size of ₹ 250.00 Cr. and Offer for sale being ₹ 351.55Cr.
The IPO allotment date for Popular Vehicles & Services IPO is expected to be 15th March 2024, after the finalization of basis of allotment. Investors can check Popular Vehicles & Services IPO allotment status on the registrars website, Link Intime India Private Limited . Popular Vehicles & Services IPO refund dates are 18th March 2024.
Popular Vehicles & Services IPO is expected to be listed on 19th March 2024.
The upper price band for the Popular Vehicles & Services IPO is set at ₹ 295.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Popular Vehicles & Services IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Popular Vehicles & Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 14th March 2024. After submission, funds are blocked until the basis of allotment of Popular Vehicles & Services IPO is finalised.
The merchant banker for Popular Vehicles & Services IPO is Smart Horizon Capital Advisors Private Limited , ICICI Securities Limited , Nuvama Wealth Management Limited . Smart Horizon Capital Advisors Private Limited , ICICI Securities Limited , Nuvama Wealth Management Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Popular Vehicles & Services IPO RHP for further details.
The registrar for Popular Vehicles & Services IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Popular Vehicles & Services IPO through their official website or helpline.
Popular Vehicles & Services IPO was subscribed 1.25 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 601.55 Cr.
Avg IPO Size (Sector Based)
:
₹ 2,667.59 Cr.
Sector: Automobile
IPO so far:
18
Merchant Banker:
Smart Horizon
IPO by BRLM so far:
7
City:
Ernakulam
IPO so far:
2
Revenue (annualised):
₹ 1,352.38 cr.
PE
Ratio:
26.22x
Average Sector PE Ratio: 19.97x
Popular Vehicles & Services IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Popular Vehicles & Services Financial Review Page
Merchant Banker(s) of Popular Vehicles & Services IPO: Smart Horizon Capital Advisors Private Limited , ICICI Securities Limited , Nuvama Wealth Management Limited
Popular Vehicles & Services IPO subscription was 1.25 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Popular Vehicles & Services IPO listed at a listing price of 276.25 against the offer price of 295.00.
The current market price of Popular Vehicles & Services is 123.40.
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