IPO Details

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Initial public offer of up to [] equity shares of face value of Rs. 2 each (Equity Shares) of Popular Vehicles and Services Limited (Company) for cash at a price of Rs. [] per equity share (including a share premium of Rs. [] per equity share) (Offer Price) aggregating up to Rs. [] crores comprising a fresh issue of up to [] equity shares aggregating up to Rs. 250.00 crores by the company (Fresh Issue) and an offer for sale of up to 14,275,401 equity shares aggregating up to Rs. [] crores by Banyantree Growth Capital ii, llc (the Selling Shareholder) and such equity shares offered by the selling shareholder (Offer for Sale, and together with the fresh issue, the Offer). The company and the selling shareholder in consultation with the brlms, may consider a further issue of specified securities, including by way of a private placement to any person(s) of up to [] equity shares aggregating up to Rs. 50.00 crores, at its discretion, with the roc (pre-ipo placement). If the pre-ipo placement is completed, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the minimum offer constituting at least []% of the post-offer paid-up equity share capital of the company in compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended. The offer includes a reservation of up to [] equity shares, aggregating up to Rs. [] crores (constituting up to []% of the post-offer paid-up equity share capital), for subscription by eligible employees (Employee Reservation Portion). The company and the selling shareholder in consultation with the brlms may offer a discount of up to []% of the offer price (equivalent to Rs. [] per equity share) to eligible employees bidding in the employee reservation portion (Employee Discount), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute []% and []%, respectively, of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 2 each. The offer price is [] times the face value of the equity shares. The price band, employee discount and the minimum bid lot shall be decided by the company.

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Here are the steps to apply for Popular Vehicles & Services Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

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