Popular Vehicles IPO: The initial public offering (IPO) of Popular Vehicles and Services Limited is scheduled to be listed today, March 19, 2024. According to information provided by the BSE website, the Popular Vehicles IPO will be listed on both the BSE and NSE during a special pre-open session on the same day.
Popular Vehicles IPO listing date
The listing date for the initial public offering (IPO) of Popular Vehicles and Services Limited has been set for March 19, 2024. The company’s equity shares will be listed and admitted to trading on both the BSE and NSE in the ‘B’ Group of Securities, starting from 10:00 AM on the same day.
Popular Vehicles IPO listing price prediction
However, stock market experts predict a subdued debut for Popular Vehicles shares due to the muted response from primary market investors during the book build issue. Despite the company’s tie-up with Maruti Suzuki Indian Ltd (MSIL), its weak financials may impact its listing performance. Experts anticipate the Popular Vehicles IPO listing price to fall in the range of ₹290 to ₹295, with no expected listing gain for allottees.
Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, highlights Popular Vehicles’ position in the Indian automobile dealership sector and its growth in revenue and profit. However, VLA Ambala, a SEBI registered Research Analyst, notes the tepid response to the IPO and its weak financials, suggesting a subdued listing.
Parth Shah, Research Analyst at StoxBox, echoes this sentiment, expecting Popular Vehicles to debut at its subscription price without fetching any premium.
Congratulations to “Popular Vehicles and Services Limited" on getting listed on NSE today in Mumbai. Popular Vehicles & Services Limited is a diversified automobile dealership in India having a fully integrated business model. It caters to the complete life cycle of vehicle… pic.twitter.com/602ChzJr00
— NSE India (@NSEIndia) March 19, 2024
Popular Vehicles IPO GMP today
As for the grey market premium (GMP), it stands at zero, indicating that the grey market expects the Popular Vehicles IPO listing price to be around ₹295 per share.