Key Points
The initial public offering (IPO) of Popular Vehicles & Services will open for subscription on Tuesday, March 12..
It caters to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, to facilitating sale and exchange of pre-owned vehicles, operating driving schools and facilitating the sale of third-party financial and insurance products.. 2) What is the industry overview of Popular Vehicles and Services?..
The IPO is a combination of fresh equity issue of 84 lakh shares and an offer for sale of 1.19 lakh shares.. 4) What is the price band for Popular Vehicles and Services IPO?..
The funds raised through the IPO will be utilized for repayment of debt of the company and its subsidiaries as well as general corporate purposes.. 8) What is the current GMP of Popular Vehicles and Services?..
ICICI Securities, Nuvama Wealth and Centrum Capital are the book running lead managers for the IPO, while Link Intime India is the registrar.. 10) When is the share allotment and listing date of Popular Vehicles and Services IPO?..
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