Popular Vehicles IPO
Auto Dealership - Listed on 19 March 2024
Popular Vehicles IPO listing summary
Popular Vehicles (Auto Dealership) closed its IPO window in 2024 and listed on NSE and BSE on 19 March 2024 at an upper band issue price of Rs 295, opening at Rs 289.2 for a listing gain of -2.0% and closing day one at Rs 276.15 (-6.4% on closing basis). The IPO was subscribed 13.21x overall - QIB 7.33x, HNI/NII 43.90x, Retail 3.31x. The total issue size was Rs 300.12 Cr (Fresh Issue Rs 175 Cr, OFS Rs 125.12 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Popular Vehicles IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 85 | +13.56% |
| Day 2 | Rs 70 | +20.34% |
| Day 3 | Rs 40 | +16.95% |
| Day 4 | Rs 40 | +13.56% |
| Day 5 | Rs 50 | +13.56% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Popular Vehicles IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Popular Vehicles IPO - FAQs
What was the listing gain of Popular Vehicles IPO?
Popular Vehicles IPO listed at -2.0% versus the upper issue price of Rs 295 on 19 March 2024.
How many times was Popular Vehicles IPO subscribed?
Popular Vehicles IPO was subscribed 13.21x overall. QIB portion was subscribed 7.33x, HNI / NII 43.90x and Retail 3.31x.
What was the IPO GMP for Popular Vehicles?
IPO GMP started at Rs 85 on Day 1 and moved to Rs 50 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.