Popular Vehicles and Services Limited
12 Mar 2024 – 14 Mar 2024
LISTED
Offer Price
₹280–295
Bid lot
50
Min Application
₹14,750
Issue Size
₹602 Cr
Key dates
Open date
12 Mar 2024
Done
Close date
14 Mar 2024
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
19 Mar 2024
Today
Issue reservation
₹602 CrQIB 50%Retail 35%5%
QIB
1.02 Cr sh · ₹301.00 Cr
Retail
71.4 L sh · ₹210.70 Cr
Employee
10.2 L sh · ₹30.10 Cr
BRLM: ICICI Securities Limited · Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and Centrum Capital Limited
Lot ladder — how much to bid
1 lot = 50 sharesRetail · Up to ₹2 L1–13 lots
Min · 1 lot
50 sh · ₹14,750
Max · 13 lots
650 sh · ₹1,91,750
S-HNI · ₹2 L to ₹10 L14–67 lots
Min · 14 lots
700 sh · ₹2,06,500
Max · 67 lots
3,350 sh · ₹9,88,250
B-HNI · Above ₹10 L68+ lots
Min · 68 lots
3,400 sh · ₹10,03,000
Entry point
₹10,03,000 onward
Issue details
Lead managersICICI Securities Limited, Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and Centrum Capital Limited
Face value₹10
Listing onNSE
RegistrarLink Intime India Private Limited
Live subscription
1.92×
0×1×2×3×+
Fully subscribed
Book₹541.80 Cr
Subscribed₹1,043 Cr
Applications—
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 1,02,03,390₹301.00 Cr | 2,01,00,678₹592.97 Cr | 1.97× |
| HNI | 30,61,017₹90.30 Cr | 20,20,271₹59.60 Cr | 0.66× |
| Retail | 71,42,373₹210.70 Cr | 74,99,492₹221.24 Cr | 1.05× |
| Employee | 10,20,339₹30.10 Cr | 77,44,373₹228.46 Cr | 7.59× |
| Total | 1,83,66,102₹541.80 Cr | 3,53,44,543₹1,043 Cr | 1.92× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 592.97 |
| HNI | 59.60 |
| Retail | 221.24 |
| Employee | 228.46 |
| Total | 1,042.66 |
Amounts at the upper band (₹295). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Popular Vehicles and Services Limited IPO?
One lot of 50 shares — ₹14,750 at the upper price band of ₹295.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2024-03-19 on NSE.