Popular Vehicles and Services IPO to debut on the bourses tomorrow; here's what GMP indicates ahead of listing
demat accounts for individuals who have been allotted shares will take place today, Monday, March 18. Today will also see the completion of the refund procedure for individuals who have not yet received their shares.
Despite Popular Vehicles IPO's struggles during its three-day subscription, it was completely booked on the last day. According to BSE data, on the third day, the subscription status for the Popular Vehicles IPO was 1.23 times.
The portion for retail investors was subscribed 1.05 times, the portion for non-institutional investors (NII) was booked at 66%, and the portion for qualified institutional buyers (QIB) fetched a 1.97-time subscription. The employee portion was subscribed to 7.59 times.
It set aside 15% for NII, 50% of the shares for QIB, and 35% of the offer for retail investors in the public offering. Also Read: Popular Vehicles and Services IPO last day today: Should you apply to the issue? Check GMP, review, subscription status "Exciting news! Mint is now on WhatsApp Channels
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