Another Listing Opportunity? All You Need To Know About Popular Vehicles IPO

The Popular Vehicles & Services IPO is a issue of Rs 601.55 crores. It comprises a fresh issue of 0.85 crore shares worth Rs 250 crores and an offer for sale of 1.19 crore shares worth Rs 351.55 crores. Subscriptions for the Popular Vehicles & Services IPO open on March 12, 2024, and close on March 14, 2024. The allotment of shares is expected to be finalized by Friday, March 15, 2024. The IPO is set to list on both BSE and NSE, with a tentative listing date scheduled for Tuesday, March 19, 2024. The price band for the Popular Vehicles & Services IPO is fixed at ₹280 to ₹295 per share, with a minimum lot size of 50 shares. Retail investors are required to invest a minimum of ₹14,750. For sNII, the minimum lot size is 14 lots (700 shares), amounting to ₹206,500, and for bNII, it is 68 lots (3,400 shares), totaling ₹1,003,000. Watch this video to know everything about the IPO.