Popular Vehicles IPO GMP

Is Popular Vehicles IPO a Hit or Miss? Get the Inside Scoop!

The Popular Vehicles IPO is making waves - find out if you should dive in or steer clear. 🚗💰 #IPO #PopularVehicles #Investing

Are you ready for the latest buzz in the investment world? Popular Vehicles and Services IPO has sparked curiosity with its lukewarm response on the first day of bidding. With the price band set at ₹280-295 per share, the employee portion has already been subscribed 3.83 times. The IPO, opened on March 12, 2024, and closing on March 14, 2024, is creating a stir as investors gauge its potential.

As the IPO garners attention, Popular Vehicles & Services stands out as a well-known Kuttukaran Group company, managing multi-brand automobile dealerships across Kerala, Tamil Nadu, and Karnataka. The subscription status reveals an interesting breakdown - 35% for retail, 50% for QIB, and 15% for NII. Enthusiasm surrounds the IPO, with shares commanding a ₹27 premium in the grey market even before the official opening.

Delving deeper, Popular Vehicles' business spans three key segments - passenger vehicles (including luxury cars), commercial vehicles, and electric vehicles. The anticipation continues to grow as the IPO subscription kicks off, with a notable grey market premium leading the way.

Excitement mounts as Popular Vehicles and Services' IPO journey unfolds. With a promising start on Day 1, investors are keeping a close eye on the subscription progress. Will the IPO reach new heights or face hurdles along the way? Stay tuned for more updates on this intriguing investment opportunity!