How To Check Popular Vehicles IPO Allotment Status

After a close call at the subscription window, Popular Vehicles and Services is about to finalize its IPO share allotment today, having oversubscribed the issue by 1.23 times. For investors eager to find out if luck was on their side, the allotment status can be verified through the BSE website or by visiting the registrar’s (Link Intime India) official site.

Checking Allotment Status on BSE

  1. Head to the official BSE website.
  2. Look for Popular Vehicles and Services in the dropdown menu.
  3. Enter your application number or PAN to get your allotment status.

Checking Allotment Status via the Registrar‘s Website

  1. Head over to the official website of Link Intime India here.
  2. Choose Popular Vehicles and Services IPO from the list.
  3. Enter Your PAN details and hit search to see if you’ve been allotted shares.

See also: How To Check Signoria IPO Allotment Status

Popular Vehicles and Services IPO: GMP and Market Debut

Interestingly, there’s currently no Grey Market Premium (GMP) for Popular Vehicles and Services, pointing towards a flat market debut on March 19, against an IPO price of ₹295.

Popular Vehicles and Services IPO: Funding Targets and Company Overview

The proceeds from this IPO are earmarked for debt repayment and other corporate activities. As a leading automobile dealer in India by revenue for FY23, Popular Vehicles boasts a comprehensive business model covering the entire vehicle ownership lifecycle. This includes sales of new vehicles, servicing, distributing spare parts, facilitating sales and exchanges of pre-owned vehicles, running driving schools, and offering third-party financial and insurance products.

In FY23, the company reported a 41% revenue increase to ₹4,875 crore, with a 90% surge in PAT. As of September 2023, the revenue stood at ₹2,835 crore with a profit of ₹40 crore.

Read next: Advance Tax Payment: When, Why And How To Pay

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: NewsIPOsPopular Vehicles