Popular Vehicles & Services Limited IPO is a MAIN BOARD IPO. They are going to raise ₹601.55 Crores via IPO. The issue is priced at ₹280 to ₹295 per equity share. The IPO is to be listed on NSE, BSE
Popular Vehicles & Services Limited IPO opens for subscription on March 12, 2024. and closes on March 14, 2024. The allotment for the Popular Vehicles & Services Limited IPO is expected to be finalized on March 15, 2024. Popular Vehicles & Services Limited IPO will list on BSE, NSE with tentative listing date fixed as 19 March 2024.
| IPO Details | Allotment |
| Minimum Investment ₹14750 / 1– Lot (50 shares) | Price Range ₹280-₹295 | |
| Max Quantity 13-Lots/ (650 Shares) | Max Investment ₹191,750 | Retail Discount ₹0 |
| Investor category and sub category Individual- HNI & Retail | Issue Size 601.55 Cr | Employee Discount ₹28 |
| Total Issue Size 20,391,651 Shares (Aggregating up to ₹601.55 Cr) | Share Holding Pree Issue 62,721,445 | Issue Type Book build Issue IPO |
| Fresh Issue Share 8,474,576 Shares (Aggregating up to ₹250.00 Cr) | Share Holding Post Issue 71,196,021 | Listing At BSE, NSE |
| Offer For Sale 11,917,075 Shares of ₹2 (Aggregating up to ₹351.55 Cr) | Face value ₹2 |
IPO Dates
| Offer Starts | 12 March 2024 |
| Offer Ends | 14 March 2024 |
| Allotment | 15 March 2024 |
| Refunds | 18 March 2024 |
| Credit of shares to Demat account | 18 March 2024 |
| IPO Listing | 19 March 2024 |
About Popular Vehicles & Services Limited
Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India.
Popular Vehicles provides complete services throughout the life cycle of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales.
The company’s business can be divided into three segments
passenger vehicles including luxury vehicles,
commercial vehicles and
electric two-wheeler and three-wheeler vehicles
They operate (a) passenger vehicle dealerships covering economy, premium and luxury vehicles across their dealerships for the following OEMs: (i) Maruti Suzuki India Limited (“Maruti Suzuki”) for both Arena and Nexa, through the Company, (ii) Honda Cars India Limited (“Honda”) through their Subsidiary, VMPL, and (iii) Jaguar Land Rover India Limited (“JLR”) through their Subsidiary, PAWL; (b) commercial vehicle dealerships of (i) Tata Motors Limited (“Tata Motors (Commercial)”), through their Subsidiary, PMMIL and (ii) Daimler India Commercial Vehicles Private Limited (“BharatBenz”), through their Subsidiary, PMPL; and (c) electric three-wheeler vehicle dealership of Piaggio Vehicles Private Limited, including commercial and cargo vehicles (“Piaggio”), through their Subsidiary, KGPL and electric two-wheeler vehicle dealership of Ather Energy Private Limited (“Ather”), through their Subsidiary, KCPL. Their presence across vehicle categories, including passenger vehicles, commercial vehicles, and electric two-wheeler and three-wheeler vehicles, further diversifies their revenue streams.
The company currently operates through a vast network consisting of 59 showrooms, 126 sales outlets, and booking offices, 31 pre-owned vehicle showrooms and outlets, 134 authorized service centers, 40 retail outlets, and 24 warehouses across 14 districts of Kerala, 8 districts in Karnataka, 12 districts in Tamil Nadu, and 7 districts in Maharashtra. In addition to its showrooms, the sales outlets and booking offices also facilitate its sales, whereas the retail outlets are responsible for selling and distributing spare parts and accessories.
| Incorporated in | Managing Director |
| 1983 | Mr. |
Popular Vehicles & Services Limited IPO Prospectus
| . | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Popular Vehicles & Services Limited IPO Lot Size
Popular Vehicles & Services Limited IPO minimum market lot is shares with ₹ application amount. The retail investors can apply up-to lots with shares or ₹ amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 50 | ₹14,750 |
| Retail (Max) | 13 | 650 | ₹191,750 |
| S-HNI (Min) | 14 | 700 | ₹206,500 |
| S-HNI (Max) | 67 | 3,350 | ₹988,250 |
| B-HNI (Min) | 68 | 3,400 | ₹1,003,000 |
Share Holding
| Share Holding Pre-Issue | 65.79% |
| Share Holding Post-Issue |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹4,892.63 | ₹3,484.20 | ₹2,919.25 |
| Assets | ₹1,503.78 | ₹1,263.19 | ₹1,118.94 |
| Profit | ₹64.07 | ₹33.67 | ₹32.46 |
| All values are in Rs. Cr |
Fundamentals
| Values | Values | ||
| Market cap | 2100.28Cr | ROE | 10.42% |
| P/E (X) | 28.88 | ROCE | 8.83% |
| POST P/E (X) | 26.22 | EPS | 10.12 |
| Debt to Equity | 1.99 | RONW | 10.42% |
Objects of the Issue
- Repayment and/or pre-payment, in full or part, of certain borrowings, availed by the company and certain of the subsidiaries, namely, VMPL, PAWL, PMMIL, KGPL, KCPL and PMPL.
- IGeneral corporate purposes.
Brokerage Firm IPO Review
- To be updated soon
| Popular Vehicles & Services Limited Contact Details | |
| Address | Popular Vehicles & Services Limited Kuttukaran Centre Mamangalam, Cochin Ernakulam 682 025 |
| Phone: | +91 484 2341 134 |
| cs@popularv.com | |
| Website | https://www.popularmaruti.com/ |
| Popular Vehicles & Services Limited IPO Lead Managers |
| ICICI Securities Limited Nuvama Wealth Management Limited Centrum Capital Limited |
| Popular Vehicles & Services Limited IPO Registrar | |
| . | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| popularvehicles.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/ |
| Popular Vehicles & Services Limited IPO Allotment Status Check |
| IPO Allotment Status Check Click H |
Popular Vehicles & Services Limited IPO FAQs
What is Popular Vehicles & Services Limited IPO?
- Popular Vehicles & Services Limited IPO is a MAIN BOARD IPO. They are going to raise ₹601.55 Crores via IPO. The issue is priced at ₹280 to ₹295 per equity share. The IPO is to be listed on NSE, BSE
When Popular Vehicles & Services Limited IPO will open?
- The IPO is to open on March 12, 2024, for QIB, NII, and Retail Investors.
What is Popular Vehicles & Services Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Popular Vehicles & Services Limited IPO Size?
- Popular Vehicles & Services Limited IPO size is ₹601.55 crores.
What is Popular Vehicles & Services Limited IPO Price Band?
- Popular Vehicles & Services Limited IPO Price Band is ₹280 To ₹295 per equity share.
What is Popular Vehicles & Services Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1-Lot (50 Shares) with ₹14,750. and Maximum Lot Size -Lots (650 Shares) with ₹191,750
What is Popular Vehicles & Services Limited IPO Allotment Date?
- Popular Vehicles & Services Limited IPO allotment date is March 15, 2024.
What is Popular Vehicles & Services Limited IPO Listing Date?
- Popular Vehicles & Services Limited IPO listing date is March 19, 2024. The IPO to list on NSE, BSE.