Popular Vehicles & Services Limited IPO
Important Dates:-
| Particulars | Value |
|---|---|
| Open Date:- | March 12, 2024 |
| Close Date:- | March 14, 2024 |
| Allotment Date:- | March 15, 2024 |
| Listing Date:- | March 19, 2024 |
About Popular Vehicles & Services Limited :-
Established in 1983, Popular Vehicles and Services Limited operates in the automobile dealership sector in India. The company offers a range of services covering all aspects of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and sales of third-party financial and insurance products.
Popular Vehicles' business is structured into three main segments: passenger vehicles (including luxury vehicles), commercial vehicles, and electric two-wheeler and three-wheeler vehicles.
With a widespread presence, the company operates across 14 districts of Kerala, eight districts in Karnataka, 12 districts in Tamil Nadu, and seven districts in Maharashtra. This network includes 59 showrooms, 126 sales outlets and booking offices, 31 pre-owned vehicle showrooms and outlets, 134 authorized service centres, 40 retail outlets, and 24 warehouses. The sales outlets and booking offices facilitate sales, while retail outlets handle spare parts and accessories distribution.
In the fiscal year 2023, the company serviced a total of 791,360 vehicles across its 130 authorized service centres, including 5,212 luxury vehicles, 163,013 commercial vehicles, 1,918 electric two-wheelers, and 857 electric three-wheelers.
Popular Vehicles' profit after tax (PAT) rose from ₹324.55 million in fiscal year 2021 to ₹640.74 million in fiscal year 2023. The company's total income for fiscal years 2021, 2022, and 2023 was ₹29,192.52 million, ₹34,841.99 million, and ₹48,926.28 million, respectively.
As of July 31, 2023, Popular Vehicles and Services Limited employed 10,275 individuals.
Contact Details :-
Address:- Popular Vehicles & Services Limited Kuttukaran Centre Mamangalam, Cochin Ernakulam 682 025
Phone:- +91 484 2341 134
E-mail:- cs@popularv.com
Website:- https://www.popularmaruti.com/
IPO Details :-
| Particulars | Value |
|---|---|
| IPO Type:- | Mainline |
| Price:- | ₹280 to ₹295 |
| Lot Size:- | 50 |
| Minimum Amount for 1 Lot:- | ₹14,750 |
| Listing At:- | BSE, NSE |
| Total issue of Shares:- | 2,03,91,651 |
| Total issue Size:- | ₹601.55 Crore |
| Fresh issue of Shares:- | 84,74,576 |
| Fresh issue Size:- | ₹250 Crore |
| Offer for Sale issue of Shares:- | 1,19,17,075 |
| Offer for Sale issue Size:- | ₹351.55 Crore |
| Face Value:- | ₹2 per Equity Share |
| Retail Quota:- | 35% |
| QIB Quota:- | 50% |
| NII Quota:- | 15% |
Financial Information :-
Amount in ₹ Crore
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,941.78 | 1,503.78 | 1,263.29 | 1,118.94 |
| Revenue | 2,848.21 | 4,892.63 | 3,484.20 | 2,919.25 |
| Profit After Tax | 40.04 | 64.07 | 33.67 | 32.46 |
| Net Worth | 384.21 | 343.04 | 279.89 | 246.00 |
| Reserves and Surplus | 371.67 | 330.50 | 267.34 | 233.46 |
| Total Borrowing | 764.61 | 505.01 | 371.91 | 353.04 |
Key Performance Indicator :-
| Particulars | Value |
|---|---|
| Market Cap (₹ in Crore):- | 2,100 |
| ROE:- | 10.42% |
| ROCE:- | 8.83% |
| Debt/Equity:- | 1.99 |
| RoNW:- | 10.42% |
IPO Registrar :-
Name:- Link Intime India Private Ltd
Website:- https://linkintime.co.in/initial_offer/public-issues.html
IPO Prospectus :-
| Particulars | Link |
|---|---|
| Popular Vehicles & Services Limited IPO DHRP:- | Click Here |
| Popular Vehicles & Services Limited IPO RHP:- | Click Here |
GMP :-
| GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
|---|---|---|---|
| 07-03-2024 | ₹33 | ₹328 | 11.19% |
Allotment Status:-
| Particulars | Link |
|---|---|
| Check Allotment Status (available on March 15, 2024) | Click Here |
Popular Vehicles & Services Limited IPO FAQ :-
What is the opening date for Popular Vehicles & Services Limited IPO?
The Popular Vehicles & Services Limited IPO opens on March 12, 2024.
What is the closing date for Popular Vehicles & Services Limited IPO?
The Popular Vehicles & Services Limited IPO closes on March 14, 2024.
When will the shares be allotted for Popular Vehicles & Services Limited IPO?
Shares of Popular Vehicles & Services Limited IPO will be allotted on March 15, 2024.
What is the listing date for Popular Vehicles & Services Limited IPO?
The listing date for Popular Vehicles & Services Limited IPO is March 19, 2024.
What is the price/ price range for Popular Vehicles & Services Limited IPO?
The price/ price range for Popular Vehicles & Services Limited IPO is ₹280 to ₹295.
What is the minimum lot size for the Popular Vehicles & Services Limited IPO?
The minimum lot size for Popular Vehicles & Services Limited IPO is 50 shares.
What is the minimum investment required for retail investors in the Popular Vehicles & Services Limited IPO?
The minimum investment required for retail investors in the Popular Vehicles & Services Limited IPO is ₹14,750.
What type of IPO is the Popular Vehicles & Services Limited IPO?
The type of Popular Vehicles & Services Limited IPO is Mainline.
What is the total issue size of the Popular Vehicles & Services Limited IPO?
The total issue size of Popular Vehicles & Services Limited IPO is ₹601.55 Crore.
How many shares are being offered in the Popular Vehicles & Services Limited IPO?
Total 2,03,91,651 shares are being offered in the Popular Vehicles & Services Limited IPO.
What is the face value of Popular Vehicles & Services Limited IPO share?
The face value of Popular Vehicles & Services Limited IPO share is ₹2.
What is the market capitalization of the Popular Vehicles & Services Limited IPO?
The market capitalization of the Popular Vehicles & Services Limited IPO is ₹2100.28 Crore.
Who is the registrar for the Popular Vehicles & Services Limited IPO?
The registrar for the Popular Vehicles & Services Limited IPO is Link Intime India Private Ltd.
Where can I check the IPO Allotment status for Popular Vehicles & Services Limited IPO?
You can check the IPO Allotment status for Popular Vehicles & Services Limited IPO at https://linkintime.co.in/initial_offer/public-issues.html.
What is the email address and website of Popular Vehicles & Services Limited IPO?
The email address of Popular Vehicles & Services Limited IPO is cs@popularv.com and website is https://www.popularmaruti.com/.
What is the Popular Vehicles & Services Limited IPO GMP (Grey Market Premium) as of 07-03-2024 ?
The latest GMP for Popular Vehicles & Services Limited IPO is ₹33 as of 07-03-2024 .