Saturday, January 18, 2025
More
    HomeBusiness NewsIPOPopular Vehicles IPO Set for Listing Today: Experts Predict Subdued Debut Amidst...

    Popular Vehicles IPO Set for Listing Today: Experts Predict Subdued Debut Amidst GMP Signals

    Published on

    spot_img

    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.

    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.

    Top Stories

    MahaKumbh 2025: 7+ Crore Devotees Bathe at Sangam in Six Days

    MAHAKUMBH NAGAR: Over seven crore pilgrims have taken a holy dip at the Sangam—the...

    Maha Kumbh and Its 13 Akharas: Exploring Their Spiritual Importance

    The Maha Kumbh Mela is not only the largest religious gathering in the world...

    Mahakumbh 2025: Cutting-Edge Security Features for 45 Crore Pilgrims

    Mahakumbh 2025: Ensuring Safety for Over 45 Crore Devotees The Prayagraj police have implemented extensive...

    Rupee Hits Record Low as Equities Face Turbulence

    Rupee Hits Record Low Amid Dollar Surge and Weak Domestic Equities The Indian Rupee hit...

    More like this

    MahaKumbh 2025: 7+ Crore Devotees Bathe at Sangam in Six Days

    MAHAKUMBH NAGAR: Over seven crore pilgrims have taken a holy dip at the Sangam—the...

    Maha Kumbh and Its 13 Akharas: Exploring Their Spiritual Importance

    The Maha Kumbh Mela is not only the largest religious gathering in the world...

    Mahakumbh 2025: Cutting-Edge Security Features for 45 Crore Pilgrims

    Mahakumbh 2025: Ensuring Safety for Over 45 Crore Devotees The Prayagraj police have implemented extensive...