Popular Vehicles & Services Limited IPO
MainboardAuto -Dealer
Listed On: Mar 19, 2024 at ₹ 289.2(NSE)
₹ 14750 /50 Shares
Check Allotment12 Mar, 2024
Open Date14 Mar, 2024
Close Date15 Mar, 2024
Allotment Date19 Mar, 2024
Listing DatePrice Summary
Last Closing
120.50 (-59.15%)52 Week High
179.7952 Week Low
86.75Last Update
18-Dec-2025 3:30 PMPopular Vehicles & Services Limited IPO Issue Details
- Issue Price ₹280-295 per equity share
- Face Value ₹2 Per Equity Share
- Total Issue Size 2,03,95,205 shares(aggregating up to ₹601.55 crore)
- Fresh Share 84,78,130 shares(aggregating up to ₹250 crore)
- Offer For Sale 1,19,17,075 shares(aggregating up to ₹351.55 crore)
- Listing at BSE, NSE
- List Price 289.2(NSE)
- Listing Date 2024-03-19
-
Lead Manager
ICICI Securities Limited
Nuvama Wealth Management Limited
Centrum Capital Limited - Registrar Link Intime India Private Ltd
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 |
| BHNI(min) | 68 | 3,400 | ₹10,03,000 |
Popular Vehicles & Services Limited IPO Reservation
Popular Vehicles & Services Limited IPO offers total 20,395,205 shares. Out of which 4,071,551 (19.96%) allocated to QIB, 3,053,663 (14.97%) allocated to NII,7,125,213 (34.94%) allocated to RII, 37,453 (0.18%) allocated to employees and 6,107,325 (29.94%) allocated to 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%) | |
| bNII > ₹10L | 2,035,775 (9.98%) | |
| sNII < ₹10L | 1,017,888 (4.99%) | |
| Retail Shares Offered | 7,125,213 (34.94%) | |
| Employee Shares Offered | 37,453 (0.18%) | |
| Total Shares Offered | 20,395,205 (100%) |
Popular Vehicles & Services Limited IPO Details
Popular Vehicles & Services Limited IPO is a book-built issue of ₹601.55 crores, The total issue size is ₹601.55 crores. The IPO of Popular Vehicles & Services Limited is priced at ₹280-295 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Mar 12, 2024 and ends on Mar 14, 2024. The allotment for Popular Vehicles & Services Limited IPO will be finalized on Mar 15, 2024. Popular Vehicles & Services Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 19, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
Retail investors can bid for a minimum of 50 shares, extendable to 14,750. S-HNIs will be able to bid for 700 shares at ₹2,06,500, while B-HNIs can also apply for a bid of 3,400 shares at ₹10,03,000. The book-running lead manager for the IPO is/are ICICI Securities Limited, Nuvama Wealth Management Limited, Centrum Capital Limited.
The total issue ₹601.55 crore, comprising a fresh issue of 84,78,130 shares ₹250 crore and having Offer for Sale (OFS) of 1,19,17,075 shares to mop up ₹351.55 crore.
The Popular Vehicles & Services Limited IPO sets its price band at 280-295 for each share. A single application for Popular Vehicles & Services Limited IPO must contain at least 50 shares. Sentiment investors need to invest a minimum of 50 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,750 In order to participate in the sNII, investors must purchase at least 14 lots of 700 shares for ₹2,06,500, while the bNII requires 68 lots of 3,400 shares for an investment of ₹10,03,000.
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Popular Vehicles & Services Limited IPO Subscription Analysis And Details
| As on | QIB | NII
bNII sNII |
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 |
0.12
0.05 x 0.25 x |
0.50 x | 0.28 x |
|
Day 2
13-03-24 05:00 PM
|
0.00 x |
0.20
0.10 x 0.41 x |
0.78 x | 0.45 x |
|
Day 3
14-03-24 05:00 PM
|
1.97 x |
0.66
0.65 x 0.67 x |
1.04 x | 1.23 x |
Popular Vehicles & Services Limited Valuations
Popular Vehicles & Services Limited Company Financials
| 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 |
About Popular Vehicles & Services Limited Company
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
Pre Issue Share Holding : 69.45%
Post Issue Share Holding : 61.17%
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 Details
Popular Vehicles & Services Limited
Kuttukaran Centre, Mamangalam, Cochin Ernakulam 682 025
+91 484 2341 134
Registrar Contact Details
Popular Vehicles & Services Limited IPO - FAQs
Ans. Popular Vehicles & Services Limited IPO is a Mainboard IPO. The issue is priced at ₹280-295 per equity share. The minimum order quantity is 50 Shares. The IPO opens on Mar 12, 2024, and closes on Mar 14, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Popular Vehicles & Services Limited IPO opens on Mar 12, 2024 and closes on Mar 14, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Popular Vehicles & Services Limited IPO is 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).
Ans. The Popular Vehicles & Services Limited IPO price band is set between ₹280-295 per equity share.
Ans. To apply for Popular Vehicles & Services Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Popular Vehicles & Services Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Popular Vehicles & Services Limited IPO is Mar 15, 2024.
Ans. The Popular Vehicles & Services Limited IPO will be listed on Mar 19, 2024.
Ans. Follow the steps to check the Popular Vehicles & Services Limited IPO allotment status online.
