Popular Vehicles & Services IPO Details
| IPO Size | 601.55 |
| Price Range | ₹601.55 Cr |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 50 |
| Investment (cut-off price) | ₹14,750 |
| Pre IPO Promotor Holding | 69.45% |
| Post IPO Promotor Holding | 61.17% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Popular Vehicles & Services IPO Timelines
12/03/2024
Start Date14/03/2024
End Date18/03/2024
Refund Initiation18/03/2024
Credit of Shares to Demat Ac19/03/2024
Listing DatePopular Vehicles & Services IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 50 | ₹14,750 |
| Retail Maximum | 13 | 650 | ₹191,750 |
| S-HNI Minimum | 14 | 700 | ₹206,500 |
| B-HNI Minimum | 68 | 3400 | ₹1,003,000 |
Popular Vehicles & Services IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 1.92 x | 0.67 x | 1.07 x | 8.04 x | 1.25 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹292 | ₹276.25 | ₹292 | ₹262.90 |
Popular Vehicles & Services IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹2919.25 | ₹2872.00 | ₹32.46 |
| FY 2022 | ₹3484.20 | ₹3435.65 | ₹3435.65 |
| FY 2023 | ₹4892.62 | ₹4807.76 | ₹64.07 |
| FY 2024 (9 M) | ₹2848.21 | ₹2795.94 | ₹40.04 |
About Company
Popular Vehicles & Services Limited is a diversified automobile dealership in India in terms of revenue for Fiscal 2023, having a fully integrated business model. We cater to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, to facilitating sale and exchange of pre-owned vehicles, operating driving schools and facilitating the sale of third-party financial and insurance products.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1983 | Automobile & Ancillaries | John Paul Kuttukaran |
Know Before Investing
Popular Vehicles & Services IPO Strengths
- Long-standing presence in automobile industry, fostering strong relationships with leading OEMs.
- Successful market penetration & innovative marketing strategies enhance their reach.
- Their fully integrated business model ensures stability & higher margins.
- Demonstrated ability to identify & capitalize on both organic & inorganic growth opportunities.
- Consistent track record of profitable financial performance underscores their resilience.
- Seasoned promoters & management team provide invaluable leadership & expertise.
Popular Vehicles & Services IPO Risks
- Economic sensitivity exposes us to fluctuations in vehicle demand.
- Significant OEM influence & restrictions may impede their operational flexibility.
- Risks associated with non-renewal or adverse modifications of dealership agreements pose challenges.
- Concentration of operations in specific states makes us vulnerable to regional developments.
- Dependence on revenue from specific OEMs exposes us to market fluctuations.
- Volatility in demand for key OEMs could adversely affect their business performance & financial stability.
Swot Analysis for Popular Vehicles & Services IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Company Details
Popular Vehicles & Services Limited
Kuttukaran Centre
Mamangalam, Cochin
Ernakulam 682 025
Phone: +91 484 2341 134
Email: [email protected]
Website: https://www.popularmaruti.com/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Popular Vehicles & Services IPO are:
- 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.
ICICI Securities Limited, Nuvama Wealth Management Limited & Centrum Capital Limited are the book-running lead managers for the Popular Vehicles & Services IPO.