The Popular Vehicles and Services IPO commenced on March 12, 2024, and concluded on March 14, 2024. The allotment of shares took place on March 15, 2024, and the initiation of refunds began on March 18, 2024. The shares were credited to the demat accounts of investors on March 18, 2024. Finally, the listing of Popular Vehicles and Services on the stock exchange occurred on March 19, 2024.
The Popular Vehicles IPO was priced at ₹280 to ₹295 per share, with a lot size of 50 shares. The total issue size was ₹601.55 crores, comprising a fresh issue of ₹250.00 crores and an offer for sale of ₹351.55 crores. The IPO was listed on both the NSE and BSE.
Popular Vehicles IPO Basic Details
| Company Name | Popular Vehicles and Services Limited |
| Popular Vehicles and Services IPO GMP Today | ₹5 |
| Popular Vehicles and Services IPO Listing Gain | 1.69% |
| Popular Vehicles and Services IPO Open Date | March 12, 2024 |
| Popular Vehicles and Services IPO Close Date | March 14, 2024 |
| Popular Vehicles and Services IPO Allotment Date | March 15, 2024 |
| Popular Vehicles and Services IPO Listing Date | March 19, 2024 |
| Face Value | ₹10 per share |
| Price | ₹280 to ₹295 per share |
| Lot Size | 50 Shares |
| Issue Size | 20,391,651 shares of ₹2 (aggregating up to ₹601.55 Cr) |
| Fresh Issue | 8,474,576 shares of ₹2 (aggregating up to ₹250.00 Cr) |
| Offer for Sale | 11,917,075 shares of ₹2 (aggregating up to ₹351.55 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | John K. Paul, Francis K. Paul and Naveen Philip |
Popular Vehicles and Services IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹5 | 1.69% | – | – |
| 11 March 2024 | ₹5 | 1.69% | – | – |
Popular Vehicles IPO Details:
Founded in 1983, Popular Vehicles and Services Limited is a leading player in the Indian automobile dealership industry.
Popular Vehicles offers comprehensive services throughout the entire vehicle ownership journey. This includes the sale of new and preowned vehicles, maintenance services, distribution of spare parts, driving schools, and the sale of third-party financial and insurance products.
The company’s operations can be categorized into three main segments:
- Passenger vehicles, including luxury cars,
- Commercial vehicles, and
- Electric two-wheeler and three-wheeler vehicles.
Currently, Popular Vehicles operates through an extensive network comprising 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. These are spread across 14 districts in Kerala, eight districts in Karnataka, 12 districts in Tamil Nadu, and seven districts in Maharashtra. Showrooms and sales outlets facilitate sales, while retail outlets are responsible for selling and distributing spare parts and accessories.
In the fiscal year 2023, the company serviced a total of 791,360 vehicles, including 5,212 luxury vehicles, 163,013 commercial vehicles, 1,918 electric two-wheelers, and 857 electric three-wheelers. This was achieved through 130 authorized service centers across dealerships.
Popular Vehicles witnessed a significant increase in Profit After Tax (PAT) from ₹324.55 million in Fiscal 2021 to ₹640.74 million in Fiscal 2023.
The total income for the 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 had a workforce of 10,275 employees.
Popular Vehicles and Services IPO More Details Click Here
Popular Vehicles and Services IPO FAQs
When is Popular Vehicles and Services IPO open?
Popular Vehicles and Services IPO will open on 12 March 2024.
When is Popular Vehicles and Services IPO Close?
Popular Vehicles and Services IPO will be closed on 14 March 2024.
What is Popular Vehicles and Services IPO GMP Today?
The Popular Vehicles and Services IPO GMP aka Grey Market Premium is ₹5.
What is Popular Vehicles and Services IPO Kostak Rates Today?
The Popular Vehicles and Services IPO Kostak Rate is ₹000.
What is Popular Vehicles and Services IPO Subject to Sauda Price Today?
The Popular Vehicles and Services IPO subject to sauda rates is ₹000.
Popular Vehicles and Services IPO Expected Returns?
The Popular Vehicles and Services expected return is 1.69%.
How much will be the listing gain in Popular Vehicles and Services IPO?
Popular Vehicles and Services IPO will get listing gain of 1.69%. (Approx.)
