The Popular Vehicles and Services IPO started on March 12, 2024, and ended on March 14, 2024. Shares were allocated on March 15, 2024, and refund processes began on March 18, 2024. On March 18, 2024, the shares were credited to investors demat accounts. Popular Vehicles and Services was officially listed on the stock exchange on March 19, 2024.
During the IPO, Popular Vehicles offered shares at a price range of ₹280 to ₹295 per share, and the lot size was 50 shares. The total issue size was ₹601.55 crores, with ₹250.00 crores from new shares and ₹351.55 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Popular Vehicles IPO Subscription Update Video
Popular Vehicles and Services IPO Subscription Status
The Popular Vehicles and Services IPO on March 14, 2024 was subscribed 1.25 times, with the retail category being subscribed 1.07 times, the NII (Non-Institutional Investor) category being subscribed 0.67 times, the QIB (Qualified-Institutional Buyers) category being subscribed 1.92 times.
| Category | Subscription |
| QIB | 1.92x |
| NII | 0.67x |
| Retail | 1.07x |
| Employee | 8.04x |
| Total | 1.25x |
Popular Vehicles IPO Basic Details
| Company Name | Popular Vehicles and Services Limited |
| 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 |
About Popular Vehicles and Services Limited
Established in 1983, Popular Vehicles and Services Limited is deeply involved in the world of automobile dealerships across India.
At Popular Vehicles, we offer comprehensive services throughout the entire vehicle ownership journey. This includes the sale of both new and preowned vehicles, maintenance services, distribution of spare parts, driving schools, and sales of third-party financial and insurance products.
Our business is categorized into three main segments:
- Passenger vehicles, which also include luxury vehicles.
- Commercial vehicles.
- Electric two-wheeler and three-wheeler vehicles.
Currently, we operate through an extensive network, featuring 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 spread across 14 districts in Kerala, eight districts in Karnataka, 12 districts in Tamil Nadu, and seven districts in Maharashtra. Our sales outlets and booking offices support the sales process, while retail outlets handle the sale and distribution of spare parts and accessories.
In the fiscal year 2023 alone, we serviced a whopping 791,360 vehicles, including 5,212 luxury vehicles, 163,013 commercial vehicles, 1,918 electric two-wheeler vehicles, and 857 electric three-wheeler vehicles. This was accomplished through 130 authorized service centers embedded within our dealership network.
Our Profit After Tax (PAT) saw a significant increase from ₹324.55 million in Fiscal 2021 to ₹640.74 million in Fiscal 2023.
Looking at our financial performance, our total income for Fiscals 2021, 2022, and 2023 stood at ₹29,192.52 million, ₹34,841.99 million, and ₹48,926.28 million, respectively.
As of July 31, 2023, we proudly employ a team of 10,275 dedicated individuals who contribute to our success.
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Popular Vehicles and Services IPO FAQs
What is the start and end date of Popular Vehicles and Services IPO Subscription?
The Popular Vehicles and Services IPO started on March 12, 2024, and ended on March 14, 2024.
When does Popular Vehicles and Services IPO Subscription open?
The Popular Vehicles and Services IPO open on March 12, 2024.
When does Popular Vehicles and Services IPO Subscription close?
The Popular Vehicles and Services IPO Close on March 14, 2024.
What is the allotment date of Popular Vehicles and Services IPO?
The allotment date for Popular Vehicles and Services IPO is March 15, 2024.
When is the initial refund date of Popular Vehicles and Services IPO?
The initial Refund date for Popular Vehicles and Services IPO is March 18, 2024.
When were the shares credited to investors demat accounts for the Popular Vehicles and Services IPO?
The shares for the Popular Vehicles and Services IPO were credited to investors demat accounts on March 18, 2024.
When will Popular Vehicles and Services IPO be listed on the stock market?
Popular Vehicles and Services IPO stock market will be listed on March 19, 2024 at 10 am.
What was the price range of the Popular Vehicles and Services IPO shares?
The Popular Vehicles and Services IPO shares were offered at a price range of ₹280 to ₹295 per share.
What was the lot size for the Popular Vehicles and Services IPO shares?
The lot size for the Popular Vehicles and Services IPO shares was 50 shares.
What was the total issue size of the Popular Vehicles and Services IPO?
The total issue size of the Popular Vehicles and Services IPO was ₹601.55 crores.
On which stock exchanges was the Popular Vehicles and Services IPO listed?
The Popular Vehicles and Services IPO was listed on both the NSE and BSE.
What is the Popular Vehicles and Services IPO Subscription Status?
Popular Vehicles and Services IPO is subscribed 1.07 Times.
