Popular Vehicles & Services IPO GMP History
Popular Vehicles & Services IPO has been listed on March 19, 2024 at a listing price of ₹289.2, against the issue price of ₹295 — a loss of ₹5.8 (-1.97%). The GMP peaked at ₹30 on 9 March 2024 and reached a low of ₹1.97 on 14 March 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Popular Vehicles & Services IPO raised ₹601.55 Cr. through its IPO at a price band of ₹280 to ₹295 per share, with a lot size of 50 shares. The IPO was open for subscription from 12 Mar 2024 to 14 Mar 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:34 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 14 Mar 2024 | ₹ 1.97 | ▼ | 1% | — | — |
| 13 Mar 2024 | ₹ 5 | ▼ | 2% | — | — |
| 12 Mar 2024 | ₹ 25 | ▼ | 8% | — | — |
| 11 Mar 2024 | ₹ 28 | ▼ | 9% | — | — |
| 09 Mar 2024 | ₹ 30 | — | 10% | — | — |
| 08 Mar 2024 | ₹ 30 | — | 10% | — | — |
Popular Vehicles & Services IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 12 Mar 2024
- Close 14 Mar 2024
- Allotment 15 Mar 2024
- Refund/credit 18 Mar 2024
- Listing 19 Mar 2024
Popular Vehicles & Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹295 |
|---|---|
| GMP-based estimate (pre-listing) | ₹296 (+0.3%) |
| Listing gain / loss | −₹5.8 per share |
| Listing date | 19 Mar, 2024 |
| Actual listing price | ₹289.2 (-1.97%) |
Is Popular Vehicles & Services IPO GMP reliable?
Grey market premium for Popular Vehicles & Services IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Popular Vehicles & Services IPO full review for a fundamentals-based assessment before making any grey market trades.
Popular Vehicles & Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Popular Vehicles & Services IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Popular Vehicles & Services IPO
Popular Vehicles and Services Limited was incorporated at Kochi, Kerala on 5 July 1983. As per CRISIL, it is a diversified automobile dealership in India with a fully integrated business model.
It covers the full life cycle of vehicle ownership, from new vehicle sales, servicing and repair, and spare parts and accessories, to pre-owned vehicle sales, driving schools and third-party finance and insurance.
Its segments are passenger vehicles including luxury vehicles, commercial vehicles, and electric two- and three-wheelers. Its promoters are John K. Paul, Francis K. Paul and Naveen Philip.
The IPO was Rs 601.55 crore, with Rs 250.04 crore of fresh issue and Rs 351.52 crore of offer for sale by BanyanTree Growth Capital II. Rs 192.00 crore was planned for repaying borrowings of the company and its subsidiaries.
Frequently asked
What is the GMP of Popular Vehicles & Services IPO?
The current Grey Market Premium (GMP) of Popular Vehicles & Services IPO is ₹ 1.97.
What is the Kostak Price of Popular Vehicles & Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Popular Vehicles & Services IPO is not available.
What is the Subject to Sauda Price of Popular Vehicles & Services IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Popular Vehicles & Services IPO?
Popular Vehicles & Services IPO listed on March 19, 2024 at ₹289.2, against the issue price of ₹295 — a loss of -1.97%.
How did the GMP of Popular Vehicles & Services IPO trend before listing?
The GMP of Popular Vehicles & Services IPO was falling in its final days before listing. The GMP peaked at ₹30 on 9 March 2024. View the day-wise table above for the complete GMP history.
Explore Popular Vehicles & Services IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
