Popular Vehicles & Services Limited IPO

Mainboard

Auto -Dealer

Listed On: Mar 19, 2024 at ₹ 289.2(NSE)

₹ 14750 /50 Shares

Check Allotment

Price Summary

Last Closing

99.39 (-66.31%)

52 Week High

265.00

52 Week Low

90.37

Last Update

17-Apr-2025 3:30 PM

Popular Vehicles & Services Limited IPO Details

12 Mar, 2024

Open Date

14 Mar, 2024

Close Date

15 Mar, 2024

Allotment Date

19 Mar, 2024

Listing Date

Issue Price

₹280-295 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

289.2(NSE)

Listing Date

2024-03-19

Market Lot

Retail : 50 Shares (₹14,750/-)
S-HNI : 700 Shares (₹2,06,500/-)
B-HNI : 3,400 Shares (₹10,03,000/-)

Lead Manager

ICICI Securities Limited
Nuvama Wealth Management Limited
Centrum Capital Limited

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)

Retail Portion

35% (Number of Retail Applications: 1,42,504 Approx),
(Number of S-HNI Applications : 1,454 Approx),
(Number of B-HNI Applications : 2,908 Approx)

Subscription

1.23 times

IPO Docs

DRHP RHP ANCHOR

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. The company shall list its equity shares on BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Popular Vehicles & Services Limited IPO bid opening date is from Mar 12, 2024 and the bid closing date was Mar 14, 2024.
Popular Vehicles & Services Limited IPO allotment result will be available on Mar 15, 2024. The tentative listing date for Popular Vehicles & Services Limited is Mar 19, 2024.

The total issue size 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).

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

Total No. of Applications: 1,37,981 (Approx)

Popular Vehicles & Services Limited Valuations

EPS Pre IPO

₹10.22/-

EPS Post IPO

₹11.25/-

P/E Pre IPO

28.88

P/E Post IPO

26.22

ROE

10.42%

ROCE

8.83%

Debt/Equity

1.99

RoNW

10.42%

PAT Margin

1.41%

Price to Book Value

4.82

Popular Vehicles & Services Limited Company Financials All values are in ₹ Cr.

	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 The 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)

Pre Issue Share Holding: 69.45%

Post Issue Share Holding: 61.17%

Company Promoter(s)

John K. Paul
Francis K. Paul
Naveen Philip

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.

Other Details

Company Contact Details

Popular Vehicles & Services Limited

Kuttukaran Centre, Mamangalam, Cochin Ernakulam 682 025

Phone: +91 484 2341 134

Email: cs@popularv.com

Website: https://www.popularmaruti.com/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: popularvehicles.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

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. 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 IPO price band is set between ₹280-295 per equity share.

Ans. To apply for Popular Vehicles & Services Limited IPO 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 allotment status for Popular Vehicles & Services Limited IPO here.