Popular Vehicles & Services IPO: From price band to GMP, here are 10 things to know about the upcoming public issue
Popular Vehicles & Services IPO: Popular Vehicles & Services is all set to hit the primary market with its initial public offerings (IPO) on Tuesday, March 12. The public issue will remain for subscribers till 14th March 2024 i.e.
till Thursday next week. Not more than 50 percent of the issue is reserved for QIB, not less than 35 percent of the public issue is reserved for retail investors and not less than 15 percent of the issue is reserved for NII.
Also read: Popular Vehicles IPO opens next week. GMP, review, other details of upcoming IPO Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India.
The company provides complete services throughout the life cycle of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales. It posted an increase in its revenue by 40.42 percent and profit after tax (PAT) rose by 90.31 percent in FY23.
Read more on livemint.com
