Popular Vehicles and Services IPO: Price band set at ₹280-295 apiece, check issue details, key dates, more
₹280 to ₹295 per equity share of the face value of ₹2. The Popular Vehicles and Services IPO date of subscription is scheduled for Tuesday, March 12, and will close on Thursday, March 14. The allocation to anchor investors for the Popular Vehicles and Services IPO is scheduled to take place on Monday, March 11.
The floor price and the cap price are 140 times and 147.50 times the face value of the equity shares. The price/earnings ratio based on diluted EPS for fiscal 2023 for the company at the upper end of the price band is as high as 28.86 as compared to the average industry peer group PE ratio of 34.84, the market cap at offer price to total turnover is 0.43 times and P/E ratio at offer price. Times weighted average return on net worth for fiscal 2023, 2022, and 2021 is 15.55%.
The Popular Vehicles and Services IPO lot size is 50 equity shares and in multiples of 50 equity shares thereafter. Popular Vehicles and Services 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. Tentatively, Popular Vehicles and Services IPO basis of allotment of shares will be finalised on Friday, March 15, and the company will initiate refunds on Monday, March 18, while the shares will be credited to the demat account of allottees on the same day following refund. Popular Vehicles and Services share price is likely to be listed on BSE and NSE on
. Read more on livemint.com
