Popular Vehicles and Services IPO Details ( Popular Vehicles and Services Limited IPO Review )
(12 Mar 2024 – 14 Mar 2024)
Popular Vehicles and Services Limited, established in 1983, is a prominent player in the Indian automobile dealership scene.
We offer a wide range of services to support you throughout your vehicle ownership journey. Whether you’re buying a new or used vehicle, need servicing, spare parts, driving lessons, or assistance with financial and insurance products, Popular Vehicles has got you covered.
Our business focuses on three main areas:
- Passenger Vehicles: From everyday cars to luxurious rides.
- Commercial Vehicles: Catering to businesses and transportation needs.
- Electric Two-Wheelers and Three-Wheelers: Embracing eco-friendly transportation options.
Operating across 14 districts in Kerala, 8 districts in Karnataka, 12 districts in Tamil Nadu, and 8 districts in Maharashtra, we have an extensive network of:
- 59 showrooms
- 126 sales outlets and booking offices
- 31 pre-owned vehicle showrooms and outlets
- 134 authorized service centers
- 40 retail outlets
- 24 warehouses
These locations serve various purposes, from facilitating sales to providing service and distributing spare parts.
In the fiscal year 2023, we serviced a whopping 791,360 vehicles, including luxury cars, commercial vehicles, and electric two-wheelers and three-wheelers, through our 130 authorized service centers.
Our company’s profitability has been on an upward trajectory, with our Profit After Tax (PAT) rising from ₹324.55 million in Fiscal 2021 to ₹640.74 million in Fiscal 2023.
Moreover, our total income has shown steady growth over the years, reaching ₹48,926.28 million in Fiscal 2023, compared to ₹29,192.52 million in Fiscal 2021 and ₹34,841.99 million in Fiscal 2022.
As of July 31, 2023, Popular Vehicles and Services Limited employed 10,275 individuals, dedicated to providing exceptional service to our customers.
Popular Vehicles and Services Limited IPO Competitive Strength
- Long standing presence in the automobile industry and well-established relationships with leading OEMs
- Penetration in markets in which we operate complemented by innovative marketing strategies
- Fully integrated business model leading to business stability and higher margin
- Proven ability to identify and capture inorganic as well as organic growth opportunities
- Consistent track record of profitable financial performance and increasing growth
- Experienced promoters and management team
Popular Vehicles and Services IPO Financials Performance ( Results )
Popular Vehicles and Services Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 1,118.94 | 2,919.25 | 32.46 | 5.17 | 246.00 | 233.46 | 353.04 |
| 31-Mar-22 | 1,263.29 | 3,484.20 | 33.67 | 5.37 | 279.89 | 267.34 | 371.91 |
| 31-Mar-23 | 1,503.78 | 4,892.63 | 64.07 | 10.22 | 343.04 | 330.50 | 505.01 |
| 30-Sep-23 | 1,941.78 | 2,848.21 | 40.04 | 6.38 | 384.21 | 371.67 | 764.61 |
Objective of Popular Vehicles IPO Issue
- 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 and;
- General corporate purposes.
Popular Vehicles IPO Basic Details
| IPO Date | Mar 12, 2024 to Mar 14, 2024 |
| Listing Date | Tuesday, March 19, 2024 |
| Face Value | ₹2 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) |
| Employee Discount | Rs 28 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 62,721,445 |
| Share holding post issue | 71,196,021 |
| Company Promoters | John K. Paul, Francis K. Paul and Naveen Philip |
Popular Vehicles and Services IPO Reservation
| Anchor Investor Shares Offered | 29.94% of the Net Issue |
| QIB Shares Offered | 19.96% of the Net Issue |
| NII (HNI) Shares Offered | 14.97% of the Net Issue |
| Retail Shares Offered | 34.94% of the Net Issue |
| Employee Shares Offered | 0.18% of the Net Issue |
| Total Shares Offered | 100% of the Net Issue |
Popular Vehicles IPO Timetable
Popular Vehicles IPO will open on March 12, 2024 and close on March 14, 2024. You can join Popular Vehicles IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 12 March 2024 (Tuesday) |
| Closing Date | 14 March 2024 (Thursday) |
| Basis of Allotment | 15 March 2024 (Friday) |
| Initiation of Refunds | 18 March 2024 (Monday) |
| Credit of Shares to Demat | 18 March 2024 (Monday) |
| Listing Date | 19 March 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 14 March 2024 |
Popular Vehicles and Services IPO Lot Size
For retail investors in Popular Vehicles and Services IPO, shares will come in 1 lot or the minimum investment will be ₹14,750. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹191,750.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 50 | ₹14,750 |
| Retail (Max) | 13 | 650 | ₹191,750 |
| S-HNI (Min) | 14 | 700 | ₹206,500 |
| S-HNI (Max) | 67 | 3,350 | ₹988,250 |
| B-HNI (Min) | 68 | 3,400 | ₹1,003,000 |
Popular Vehicles and Services IPO Promoter Holding
The company’s promoters include John K. Paul, Francis K. Paul and Naveen Philip.
| Pre Issue Share Holding | 65.79% |
| Post Issue Share Holding |
Popular Vehicles and Services Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 2100.28 |
| Earning Per Share (EPS) | ₹10.22 per Equity Share |
| Net Asset Value (NAV) | ₹54.69 per Equity Share |
| P/E Ratio (P/E) (x) | 28.88 |
| Post P/E Ratio (P/E) (x) | 26.22 |
| Return on Net Worth (RoNW) (%) | 10.42 |
| Return on equity (ROE) (%) | 10.42 |
| Return on Capital Employed (ROCE) (%) | 8.83 |
| Price/Book Value Ratio | 4.82 |
Popular Vehicles and Services IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹5 | – | – |
| 11 March 2024 | ₹5 | – | – |
Popular Vehicles and Services IPO Detail Video:
Popular Vehicles and Services IPO Subscription Status (Bidding Detail)
The Popular Vehicles and Services IPO on March 14, 2024 at 7:00:00 PM 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, 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 and Services IPO Prospectus
| Popular Vehicles and Services IPO DRHP | Download |
| Popular Vehicles and Services IPO RHP | Download |
| Popular Vehicles and Services IPO Anchor Investors Details PDF | Download |
Popular Vehicles and Services IPO Rating
| Our Rating | 2.0/5.0 |
Popular Vehicles and Services Company Contact Information
Popular Vehicles and Services Limited
Registered and Corporate Office: Kuttukaran Centre, Mamangalam, Cochin, Ernakulam 682 025, Kerala, India; Tel: +91 484 2341 134
Website: www.popularmaruti.com
Contact Person: Varun T.V., Company Secretary and Compliance Officer
E-mail: cs@popularv.com
Corporate Identity Number: U50102KL1983PLC003741
The Promoters of Our Company Are John K. Paul, Francis K. Paul and Naveen Philip
Popular Vehicles and Services IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg Vikhroli (West), Mumbai 400083, Maharashtra, India
Tel: +91 810 811 4949
E-mail: popularvehicles.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance E-mail: popularvehicles.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Popular Vehicles and Services IPO Lead Manager
ICICI Securities Limited
Registered Office: ICICI Venture House Appasaheb Marathe Marg Prabhadevi, Mumbai 400025, Maharashtra, India
Tel: +91 22 6807 7100
E-mai: popular.ipo@icicisecurities.com
Website: www.icicisecurities.com
Investor Grievance E-mail: customercare@icicisecurities.com
Contact Person: Harsh Thakkar / Shekher Asnani
SEBI Registration No.: INM000011179
Nuvama Wealth Management Limited (formerly
known as Edelweiss Securities Limited)
Registered Office: 801–- 804, Wing A, Building No 3 Inspire BKC, G Block Bandra Kurla Complex, Bandra East, Mumbai 400 051, Maharashtra, India
Tel: +91 22 4009 4400
E-mail: Popular.ipo@nuvama.com
Website: www.nuvama.com
Investor Grievance E-mail: customerservice.mb@nuvama.com
Contact person: Lokesh Shah
SEBI registration no.: INM000013004
Centrum Capital Limited
Registered Office: Level 9, Centrum House C.S.T. Road, Vidyanagari Marg Kalina, Santacruz (East), Mumbai 400098, Maharashtra, India
Tel: +91 22 4215 9000
E-mail: popular.ipo@centrum.co.in
Website: www.centrum.co.in
Investor Grievance E-mail: igmbd@centrum.co.in
Contact Person: Sooraj Bhatia/ Pooja Sanghvi
SEBI Registration No.: INM000010445
Popular Vehicles and Services IPO FAQs
What is the lot size of Popular Vehicles and Services IPO?
The total size of Popular Vehicles and Services IPO is ₹601.55 crores out of which ₹250.00 crores is fresh issue and ₹351.55 crores is offer for sale (OFS).
When will Popular Vehicles and Services IPO start?
Popular Vehicles and Services IPO will open from 12 March 2024 and IPO will close on 14 March 2024.
What is the open date of Popular Vehicles and Services IPO?
Popular Vehicles and Services IPO will open date from 12 March 2024.
What is the last date ( close date ) of Popular Vehicles and Services IPO?
Popular Vehicles and Services IPO will close from 14 March 2024.
What is the price band of Popular Vehicles and Services IPO?
Popular Vehicles and Services IPO price band is ₹280 to ₹295. ( Upper Price Band: ₹295, Lower Price Band: ₹280 )
What is the minimum amount required to apply for Popular Vehicles and Services IPO?
The minimum investment for retailers to apply for Popular Vehicles and Services IPO is ₹14,750 and the maximum investment is ₹191,750.
What is going on gray market premium of Popular Vehicles and Services IPO?
View gray market premium of Popular Vehicles and Services IPO by Clicking Here
How much is the GMP of Popular Vehicles and Services IPO?
Watch Popular Vehicles and Services IPO GMP Today: Click Here
What is the allotment date of Popular Vehicles and Services IPO?
The allotment date of Popular Vehicles and Services IPO is 15 March 2024.
How to check allotment status in Popular Vehicles and Services IPO?
To check the allotment status of Popular Vehicles and Services IPO, first of all go to the registrar website by clicking here, select your bad Popular Vehicles and Services IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Popular Vehicles and Services IPO?
The listing date of Popular Vehicles and Services IPO is 19 March 2024.
How much will be the listing gain in Popular Vehicles and Services IPO?
View listing gain of Popular Vehicles and Services IPO by Clicking Here
How much time Popular Vehicles and Services IPO is subscribed?
Total 1.25 times subscribed in Popular Vehicles and Services IPO out of which 1.07 times subscription was done in retail quota, 0.67 times subscription in NII quota and 1.92 times subscription in QIB quota.
How to apply for Popular Vehicles and Services IPO from Upstox?
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How to apply for Popular Vehicles and Services PO from Zerodha?
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How to apply for Popular Vehicles and Services IPO from Angle One?
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