Popular Vehicles & Services Limited IPO
Popular Vehicles & Services Limited IPO is listed on BSE and NSE, priced at ₹280–₹295 per share. The stock debuted at ₹289.2. The IPO had a lot size of ₹50 shares and a minimum investment of ₹14,750.
Popular Vehicles & Services Limited IPO
- IPO Dates
- Mar 12, 2024 – Mar 14, 2024
- Price band
- ₹280-295 per equity share
- Minimum Investment
- ₹14,750
- Issue size
- ₹601.55 Cr
- Lot size
- 50
- Allotment Date
- Mar 15, 2024
- Listing
- Mar 19, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Mar 12, 2024
Open Date
Completed
-
Mar 14, 2024
Close Date
Completed
-
Mar 15, 2024
Allotment Date
Completed
-
Mar 19, 2024
Listing Date
Completed
Price Summary
- Last closing
- 104.00 (-64.75%)
- 52 week high
- 163.00
- 52 week low
- 82.41
- Last update
Popular Vehicles & Services Limited IPO Essentials
Popular Vehicles & Services Limited IPO Details
Popular Vehicles & Services Limited IPO is priced at ₹280-295 per share with a total issue size of 601.55 crore. The IPO has a lot size of 50 shares and is listed on BSE and NSE.
- Issue price
- ₹280-295 per equity share
- Lot size
- 50 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- Total ₹601.55 Cr :
#Fresh Issue : 8,474,576 shares(aggregating up to ₹250.00 Cr) +
#OFS : 11,917,075 shares of ₹2(aggregating up to ₹351.55 Cr) - Total issue size
- 2,03,95,205 shares
(aggregating up to ₹601.55 crore) - Fresh issue
- 84,78,130 shares
(aggregating up to ₹250 crore) - Offer for sale (OFS)
- 1,19,17,075 shares
(aggregating up to ₹351.55 crore) - Listing at
- BSE, NSE
- List price
- 289.2(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
ICICI Securities Limited, Nuvama Wealth Management Limited, Centrum Capital Limited
Market Lot Size
Investors can bid for a minimum of 50 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹14,750 |
| Retail(max) | 13 | 650 | ₹1,91,750 |
| sHNI(min) | 14 | 700 | ₹2,06,500 |
| sHNI(max) | 67 | 3,350 | ₹9,88,250 |
| sHNI(min) | 68 | 3,400 | ₹10,03,000 |
Popular Vehicles & Services Limited IPO Reservation
Popular Vehicles & Services Limited IPO reservation details show category-wise allocation of shares. Out of the total 20,395,205 shares, approximately 19.96% are reserved for QIB, 14.97% for NII, 34.94% for retail investors, 0.18% for employees, and 29.94% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 6,107,325 (29.94%) | |
| QIB Shares Offered | 4,071,551 (19.96%) | |
| NII (HNI) Shares Offered | 3,053,663 (14.97%) | |
| bHNI > ₹10L | 2,035,775 (9.98%) | 2,908 |
| sHNI < ₹10L | 1,017,888 (4.99%) | 1,454 |
| Retail Shares Offered | 7,125,213 (34.94%) | 142,504 |
| Employee Shares Offered | 37,453 (0.18%) | |
| Total Shares Offered | 20,395,205 (100%) |
Popular Vehicles & Services Limited IPO Analytics
Popular Vehicles & Services Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Popular Vehicles & Services Limited IPO Subscription Status
Popular Vehicles & Services Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,071,551 |
3,053,663
2,035,775
1,017,888
|
7,125,213 | 14,287,880 |
|
Day 1
12-03-24 05:00 PM
|
0.00 x |
0.12x
0.05x
0.25x
|
0.50 x | 0.28 x |
|
Day 2
13-03-24 05:00 PM
|
0.00 x |
0.20x
0.10x
0.41x
|
0.78 x | 0.45 x |
|
Day 3
14-03-24 05:00 PM
|
1.97 x |
0.66x
0.65x
0.67x
|
1.04 x | 1.23 x |
Popular Vehicles & Services Limited Valuations
Earnings
- EPS Pre IPO
- ₹10.22/-
- EPS Post IPO
- ₹11.25/-
- P/E Pre IPO
- 28.88
- P/E Post IPO
- 26.22
Returns
- ROE
- 10.42%
- ROCE
- 8.83%
- RoNW
- 10.42%
- PAT Margin
- 1.41%
Fundamentals
- Debt / Equity
- 1.99
- Price / Book
- 4.82
Popular Vehicles & Services Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,503.78 | 1,263.29 | 1,118.94 |
| Revenue | 4,892.63 | 3,484.20 | 2,919.25 |
| Profit After Tax | 64.07 | 33.67 | 32.46 |
| Net Worth | 343.04 | 279.89 | 246.00 |
| Reserves & Surplus | 330.50 | 267.34 | 233.46 |
| Total Borrowing | 505.01 | 371.91 | 353.04 |
Popular Vehicles & Services Limited Company & Offer Insights
About Popular Vehicles & Services Limited
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
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.
In FY 2023, the company serviced 791,360 vehicles - 5,212 luxury, 163,013 commercial, 1,918 electric two-wheeler, and 857 electric three-wheeler vehicles - through 130 authorized service centers across dealerships.
As of July 31, 2023, the company had a total of 10,275 employees.
Popular Vehicles & Services Limited Promoter(s)
John K. Paul, Francis K. Paul, Naveen Philip are the company's promoters of Popular Vehicles & Services Limited.
Popular Vehicles & Services Limited IPO Issue Objectives
- •
- 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
- •
- General corporate purposes.
Popular Vehicles & Services Limited IPO - Anchor Investors
Popular Vehicles and Services IPO | Institutional investors pick Rs 180 crore worth shares via anchor book.
Marquee investors like HDFC Mutual Fund, Quant Mutual Fund, HSBC Global Investment Funds, Lionglobal Investment Funds, BofA Securities Europe SA, Pinebridge Global Funds and ITI Mutual Fund invested in the company via anchor book.
Further, Citigroup Global Markets Mauritius, SBI General Insurance Company, LC Pharos Multi-Strategy Fund, 3P India Equity Fund, Integrated Global Strategies Asia, and Copthall Mauritius Investment also participated in the book.
Popular Vehicles & Services Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Popular Vehicles & Services Limited | 10.22 | 10.22 | 54.69 | N/A | 18.68 | N/A | Consolidated |
| Landmark Cars Limited | 22.56 | 21.74 | 118.55 | 34.84 | 18.04 | N/A | Consolidated |
Notes:
- Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company.
- P/E Ratio has been computed based on the closing market price of equity shares on BSE on September 25, 2023 divided by the Diluted EPS provided.
- Return on Net Worth (%) = Profit for the year divided by Total Net worth, as at March 31, 2023.
Contact Information
Contact Details
Popular Vehicles & Services Limited
+91 484 2341 134
https://www.popularmaruti.com/
Kuttukaran Centre, Mamangalam, Cochin Ernakulam 682 025
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Popular Vehicles & Services Limited IPO is a book-built IPO worth ₹601.55 crore. The price band is ₹280–₹295 per share. The IPO opens on Mar 12, 2024 and closes on Mar 14, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Popular Vehicles & Services Limited IPO is ₹280 to ₹295 per share.
The lot size of Popular Vehicles & Services Limited IPO is 50 shares.
The minimum investment for Popular Vehicles & Services Limited IPO is approximately ₹14,750 based on the upper price band .
Popular Vehicles & Services Limited IPO opens on Mar 12, 2024 and closes on Mar 14, 2024.
The allotment date of Popular Vehicles & Services Limited IPO is Mar 15, 2024.
Popular Vehicles & Services Limited IPO is expected to be listed on Mar 19, 2024, on BSE and NSE .
Popular Vehicles & Services Limited IPO listed on Mar 19, 2024. It was issued at ₹289.2(NSE) and is currently around ₹104.00 as on 14-May-2026 3:30 PM, which is approximately -64.7% versus issue price. The 52-week high is ₹163.00.
Based on listing and post-listing performance, Popular Vehicles & Services Limited IPO delivered around -64.7% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Popular Vehicles & Services Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Popular Vehicles & Services Limited IPO valuation snapshot: P/E 26.22, EPS ₹11.25/-, P/B 4.82, RoNW 10.42%, and market cap N/A.
To apply for Popular Vehicles & Services Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Popular Vehicles & Services Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Popular Vehicles & Services Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Popular Vehicles & Services Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Popular Vehicles & Services Limited IPO allotment status on IPO Ji for quick and easy access.