POPULAR VEHICLES AND SERVICES
Zomato stops ‘Xtreme’ service; Reliance to bring back Shein
Zomato has halted its hyperlocal goods delivery service due to a lack of demand.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
BIS introduces new safety standards for EVs in India
Bureau of Indian Standards (BIS) introduces safety guidelines for electric vehicles in India, focusing on powertrain components. New rules, IS 18590: 2024 and IS 18606: 2024, aim to enhance safety in L, M, and N vehicle categories.
BPCL retail outlets will act as EV hubs to purchase, test ride & experience electric scooters
BPCL has teamed up with Bounce Infinity, an Indian electric scooter manufacturer, to accelerate EV adoption in India by launching "eDrive stores" at BPCL retail outlets. These stores aim to make electric two-wheelers more accessible nationwide. Pardeep Goyal, BPCL's Business Head of Retail, highlighted the initiative's role in supporting sustainability goals and transforming fuel stations into versatile energy hubs.
How to maximise your electric vehicle's battery lifespan: Tips and tricks
Maximizing the lifespan of EV batteries is crucial for cost-effectiveness and environmental sustainability. Essential tips include avoiding deep discharges, regular use, and proper charging practices.
Sikkim flood: Six dead, 1,500 tourists stranded due to landslides; mobile services affected
Sikkim landslide (Google trends): Flash floods trigger massive landslides in northern Sikkim's Mangan district, killing six and stranding 1,500 tourists. Bailey bridge collapse at Sangkalang cuts off Dzongu and Chungthang. Houses inundated, roads blocked, and relief camp set up at Pakshep.
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How electric car batteries might aid the grid (and win over drivers)
New technology could transform expensive electric car batteries into assets for owners, offering benefits like reduced utility bills and free parking. Automakers like Ford, GM, and BMW are exploring using electric car batteries to store excess renewable energy, creating a potential new revenue stream.
FAME 3 rollout soon; Euler Motors fundraise
The next edition of the electric vehicle incentive scheme is likely to be unveiled within months of the new government taking charge. Details on this and more in today's ETtech Top 5.
Hyundai plans to launch its first hybrid car in India in 2026, says EVs long-run strategy
The group, housing Hyundai Motor and Kia Corp, is evaluating a hybrid sport-utility vehicle of size similar to its top-selling, mid-sized Creta SUV in India, said two of the sources who have direct knowledge of the plans.
China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing
The China Association of Automobile Manufacturers and the National Computer Network Emergency Response Technical Team/Coordination Centre of China on Monday published a list of 76 models of intelligent connected vehicles that meet the country's auto data security requirements, including those from Tesla.
$17.7 billion worth of shares to enter market in next 3 months as IPO lock-in expires for 66 cos
The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.
Popular Vehicles shares make a tepid debut, but analysts are bullish. Here's why
Despite a tepid debut, analysts are positive about the company's prospects in the medium- to long-term horizon, betting on the strong demand growth for the automobile industry.
Popular Vehicles and Services shares list at 2% discount to IPO price
Popular Vehicles IPO debuted with discounts on NSE and BSE. The company's revenue segments include passenger, commercial vehicles, and electric vehicles. It closed on March 14 with a P/E of 28.9x based on FY23 earnings.
Popular Vehicles & Services IPO to list on Tuesday. What does GMP signal?
Considering the upper price band of Rs 295, the stock is expected to see a flat or even a discounted listing, keeping in trend with the last few debuts, which were muted.
Amid booming EV sales in India, a nagging issue: Who will service your car?
For now, the pressure on service centres is not much as the share of EVs on the road is low. As per Jato Dynamics data, in CY 2023, the share of electric four-wheelers was 1.7% and two-wheelers 5.03%. Meanwhile, over 50% of three-wheelers were electric.
IPO Calendar: 2 new issues, 9 listings to keep primary market ticking next week
In the last week, two mainboard IPOs of Popular Vehicles and Services and Krystal Integrated Services opened for subscription with an aim to raise Rs 901 crore.
Popular Vehicles and Services IPO allotment: Here's how you can check status
Popular Vehicles and Services is close to finalizing share allotment after a 1.23 booking issue. Investors can check status on BSE or registrar website. IPO fully subscribed with a flat debut. Strong FY23 performance with no GMP.
Popular Vehicles and Services IPO fully subscribed on final day: Check subscription, GMP and other details
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
Popular Vehicles and Services IPO: Check subscription on Day 2, GMP and other details
The retail portion of the offer was booked 77%, followed by NIIs at 20%. The category reserved for institutional investors is still blank.
Popular Vehicles and Services IPO: Check subscription on Day 1, GMP and other details
The initial public offer (IPO) of Popular Vehicles was subscribed 18% so far on Tuesday, the first day of the bidding process. The issue received bids for 25 lakh shares as against 1.44 crore shares on offer.
Signoria Creation IPO: Check issue size, price band, GMP and other details
Signoria Creation's SME IPO, which aims to raise Rs 9.3 crore, is open for subscription. The company manufactures and markets women's apparels like kurtis, tops, gowns, and dupattas. The IPO is in line with the projected growth of the women apparel market and will be listed on NSE SME platform.
Shree Karni Fabcom IPO allotment: Check status, listing date, GMP and other details
The SME IPO of Shree Karni Fabcom will be finalised today, with investors knowing the number of shares allotted. They can check the allotment status on the Mas Services website. The unlisted market trading shows a premium, and the IPO received strong subscription.
Royal Sense IPO: Check issue size, price band, GMP and other details
Royal Sense's SME IPO aims to raise Rs 10 crore for the Indian medical devices industry. The IPO offers 14.5 lakh shares at Rs 68 apiece, with 50% reserved for retail investors. The shares are expected to list on March 19.
Popular Vehicles IPO opens for subscription. Should you bid for Rs 602-crore offer?
The Popular Vehicles IPO opens today after raising Rs 180 crore from anchor investors on Monday. The IPO is made through the book building process, with allocations for qualified institutional buyers, retail investors, and non-institutional investors. The company saw revenue growth and profit after tax (PAT). ICICI Securities, Nuwama Wealth, and Centrum Capital are the book-running lead managers.
Popular Vehicles and Services IPO opens tomorrow. 10 things to know before subscribing to the issue
Popular Vehicles & Services IPO aims to raise around Rs 602 crore. The company, with diversified automobile dealerships, caters to the complete vehicle ownership life cycle and had a strong financial performance in FY23.
At Popular Vehicles, job cards score over sales, making its issue a long-term bet
The Kerala-based company has demonstrated a disproportionately high share of operating profit from the superior-margin services business compared with new car sales, thanks to its strong last-mile network in the southern states.
Popular Vehicles sets price band of Rs 280-295 for its Rs 602-crore IPO
At the upper end of the price band, Popular Vehicles plans to raise about Rs 602 crore. The company filed its draft papers in October 2023 and received approval from the regulator in December 2023. The issue is a combination of fresh equity issue of 84 lakh shares and an offer for sale (OFS) of 1.19 crore shares, which will be offloaded by Banyan Tree Growth Capital.
BLS E-Services, Popular Vehicles get Sebi approval to launch IPOs
BLS E-Services IPO: BLS E-Services, a subsidiary of BLS International, runs a web-enabled services portal to access various services provided by the government and service partners. The company claims to provide end-to-end integrated solutions to various services availed through this portal.
Jyoti CNC Automation, BLS E-Services, Popular Vehicles and Services get Sebi's go-ahead for IPOs
Three companies -- Jyoti CNC Automation Ltd, BLS E-Services Ltd, and Popular Vehicles and Services Ltd -- received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs).
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