Popular Vehicles and Services IPO Day 2: Check GMP, review, subscription status. Should you subscribe to the issue?
BSE data. The retail investors portion has been subscribed 47%, Non Institutional Investors (NII) portion has been booked 11%, and Qualified Institutional Buyers (QIB) portion is yet to be booked.
The employee portion has been subscribed 3.83 times. Also Read: Popular Vehicles and Services IPO receives lukewarm response on day 1, issue booked 27%; check GMP Popular Vehicles IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
The employee portion has been reserved equity shares aggregating up to ₹1 crore. A discount of ₹28 per equity share is being offered to eligible employees bidding in the employee reservation portion.
Read more on livemint.com
