Mumbai, March 19 -- The scrip was listed at Rs 292, exhibiting a discount of 1.02% to the issue price.

So far, the stock has hit a high of 292 and a low of 262.90. On the BSE, over 1.95 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Popular Vehicles and Services was subscribed 1.23 times. The issue opened for bidding on 12 March 2024 and closed on 14 March 2024. The price band of the IPO was fixed at Rs 280 to 295 per share.

The IPO comprised fresh issue of equity shares up to Rs 250 crore and an offer for sale of 1,19,17,075 equity shares, aggregating up to Rs 351.55 crore, by BanyanTree.

The objectives for the fresh issue include Rs 192 crore for repayment and/or pre-payment of certai...