Popular Vehicles and Services IPO Open: Apply by March 14, Minimum Investment ₹14,750
The IPO of Popular Vehicles and Services Limited, a company associated with automobile dealership business, has opened today. Retail investors can bid for this IPO until March 14th. Additionally, Crystal Integrated Services Limited’s IPO will also open this week. Let’s delve into the details of both companies’ IPOs.
Popular Vehicles and Services Limited
Popular Vehicles and Services Limited aims to raise ₹601.55 crores through its IPO. For this purpose, the company is issuing 8,474,576 new shares at ₹250 crores.
Meanwhile, the current shareholders of the company are selling 11,917,075 shares at a price of ₹351.55 crores through an offer for sale. The company’s shares will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on March 19th.
Retail investors can bid for a minimum of 50 shares, which translates to bidding at least ₹14,750 at the upper price band of the IPO.
Investors can bid for a maximum of 650 shares, which means bidding up to ₹191,750 according to the upper price band.
The premium of Popular Vehicles and Services Limited in the grey market is 9.15%. This suggests that prior to the IPO opening, the company’s shares had reached a premium of ₹27 per share. Based on the upper price band of ₹295, its listing price could be around ₹322. However, this is just an estimation and the listing price might differ from the grey market price.
Crystal Integrated Services Limited
Crystal Integrated Services Limited aims to raise ₹300.13 crores through its IPO. To achieve this, the company is issuing 2,447,552 new shares worth ₹175 crores.
Meanwhile, the current shareholders are selling 1,750,000 shares at a price of ₹125.13 crores through an offer for sale.
Retail investors can bid for Crystal Integrated Services Limited’s IPO from March 14th to March 18th. The company’s shares will be listed on both the National Stock Exchange and the Bombay Stock Exchange on March 21st.
Investors can bid for a minimum of 20 shares, which translates to bidding at least ₹14,300 at the upper price band of the IPO.
Investors can bid for a maximum of 260 shares, which means bidding up to ₹185,900 according to the upper price band.
Crystal Integrated Services Limited: A Facility Management Company
Crystal Integrated Services Limited is a facility management company that provides a range of services including healthcare, housekeeping, landscaping, electrical and plumbing services, waste management, and pest control. Its clients include railway and airport authorities in India.
