Popular Vehicles IPO opens today: GMP, review, other details. Apply or not?
Popular Vehicles IPO: The initial public offering (IPO) of Popular Vehicles & Services Limited has opened today and will remain open for subscribers till 14th March 2024 i.e. till Thursday this week. This means Popular Vehicles IPO subscription will remain open from Tuesday to Thursday this week.
The auto dealer company has fixed the Popular Vehicles IPO price band at ₹280 to ₹295 per equity share. The book build issue aims to raise ₹601.55 crore from its initial public offer. The initial offer is proposed for listing on BSE and NSE.
Ahead of Popular Vehicles IPO subscription opening date, shares of the company are available for trade in the grey market. According to stock market observers, Popular Vehicles IPO GMP (grey market premium) today is ₹26. 1] Popular Vehicles IPO GMP: Shares of the company are available at a premium of ₹26 in the grey market today, say market observers.
2] Popular Vehicles IPO price band: The automobile dealer company has fixed the issue price at ₹280 to ₹295 apiece. 3] Popular Vehicles IPO subscription date: The book build issue has hit the Indian primary market today and will remain available for subscribers till 14th March 2024. 4] Popular Vehicles IPO size: The public issue is a combination of fresh shares and OFS (Offer for Sale).
The company aims to raise ₹601.55 crore from its initial offer out of which ₹250 crore is aimed from the issuance of fresh shares. The rest ₹351.55 crore is reserved for the OFS. 5] Popular Vehicles IPO lot size: A bidder will be able to apply in lots and one lot of the public issue comprises 50 shares of the automobile retailer company.
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