Popular Vehicles and Services IPO
Popular Vehicles and Services Limited (PVSL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 19 March 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -5.1% (likely range -9% to +4%), day's high 0.0%, chance of a gain 3%. Actual: -2.0% at the open, -2.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 39,70,461 | 78,10,150 | 1.97x | |
| NII (HNI) total | 31,21,490 | 20,55,350 | 0.66x | |
| Big NII (above ₹10 lakh) | 20,80,993 | 13,60,350 | 0.65x | |
| Small NII (₹2-10 lakh) | 10,40,497 | 6,95,000 | 0.67x | |
| Retail | 72,83,477 | 76,34,850 | 1.05x | |
| Employees | 39,682 | 3,01,150 | 7.59x | |
| Total | 1,44,15,110 | 1,78,01,500 | 1.23x |
Bids on NSE and BSE together, as published by NSE, as of 14 Mar 2024, 07:00 PM. Shares offered exclude the anchor portion. 41% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Popular Vehicles and Services's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Prudent Corporate Advisory ServicesMay 2022 | 1.26x | 0.99x | 1.29x | 1.22x | ₹539 Cr | +3.2% | +3.2% |
| Mishra Dhatu NigamMar 2018 | 1.96x | 0.12x | 0.72x | 1.21x | ₹755 Cr | -3.3% | +1.1% |
| Yatra OnlineSep 2023 | 2.05x | 0.42x | 2.11x | 1.61x | ₹796 Cr | -10.2% | -2.4% |
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and Centrum Capital | 35 | +11.9% | 66% |
Offer documents (NSE)
Frequently asked
What is the Popular Vehicles and Services IPO price band and lot size? ₹280–295 per share, with a lot of 50 shares, so the smallest retail bid is ₹14,750.
How many times has it been subscribed? 1.23x overall: QIB 1.97x, NII 0.66x, retail 1.05x, employees 7.59x.
How did it list? It opened at ₹289, -2.0% against the issue price of ₹295, and closed its first day -6.4%.
