Popular Vehicles & Services IPO Subscription Status
Popular Vehicles & Services IPO was subscribed 1.25 times when bidding closed on 14 Mar 2024: QIB 1.92x, NII 0.67x, Retail 1.07x.
The Popular Vehicles & Services IPO has been subscribed 1.25x times overall. Retail investors have shown interest with bids for 1.07x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.67x. Within NII, Big HNI (B-HNI) subscribed 0.67x and Small HNI (S-HNI) subscribed 0.68x. Qualified Institutional Buyers (QIBs) have subscribed 1.92x. Data last updated on 10 Nov, 06:34 PM.
The IPO subscription period has ended. The issue opened on 12 Mar, 2024 and closes on 14 Mar, 2024. The shares are expected to list on stock exchanges on 19 Mar, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 1.92x |
| NII | - of - - | 0.67x |
bHNI — bid amount above ₹10 Lakh |
- - | 0.67 |
sHNI — bid amount ₹2–10 Lakh |
- - | 0.68 |
| Retail | - of - - | 1.07x |
| Employee | - of - - | 8.04x |
| TOTAL | - - | 1.25x |
Popular Vehicles & Services IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 93.5% for a single lot.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
14 Mar 2024
Day 3 |
1.25x | ▼ | |
|
QIB1.92x
BHNI0.67x
SHNI0.68x
Retail1.07x
Employee8.04x
|
|||
|
13 Mar 2024
Day 2 |
0.45x | ▼ | |
|
QIB-
BHNI0.1x
SHNI0.41x
Retail0.78x
|
|||
|
12 Mar 2024
Day 1 |
0.28x | ▼ | |
|
QIB-
BHNI0.05x
SHNI0.25x
Retail0.5x
|
|||
Popular Vehicles & Services IPO dates
From the bidding window to listing. Today is 11 November.
- Open 12 Mar 2024
- Close 14 Mar 2024
- Allotment 15 Mar 2024
- Refund/credit 18 Mar 2024
- Listing 19 Mar 2024
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Popular Vehicles & Services IPO?
As of IPO close date (14 Mar, 2024), the Popular Vehicles & Services IPO is subscribed 1.25x times. Retail category is 1.07x, and NII is 0.67x subscribed.
When is the allotment date for Popular Vehicles & Services IPO?
The allotment for Popular Vehicles & Services IPO is expected to be finalized on 15 March, 2024.
What is the GMP of Popular Vehicles & Services?
The Grey Market Premium (GMP) for Popular Vehicles & Services is currently ₹1.97, indicating a potential listing gain of 1%.
When will Popular Vehicles & Services IPO list on the stock market?
Popular Vehicles & Services is scheduled to list on BSE and NSE on 19 March, 2024.
What are the chances of getting allotment in Popular Vehicles & Services IPO?
The retail category is oversubscribed at 1.07x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 1.92x mean for Popular Vehicles & Services IPO?
Moderate — QIBs have subscribed 1.92x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Popular Vehicles & Services IPO allotment status?
After the allotment date (15 Mar, 2024), you can check your Popular Vehicles & Services IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Popular Vehicles & Services IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
