What you must know about Popular Vehicles & Services IPO?
by 5paisa Research Team
11 Mar 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 19-Mar-24
- IPO Price Range ₹280
- Listing Price ₹292
- Listing Change -1.0 %
- Last Traded Price ₹153.2
- Current Change -48.1 %
Popular Vehicles IPO Details
- Open Date 12-Mar-24
- Close Date 14-Mar-24
- Lot Size 50
- IPO Size ₹ 601.55 Cr
- IPO Price Range ₹ 280 to ₹ 295
- Min Investment ₹ 14000
- Listing Exchange BSE, NSE
- Basis of Allotment 15-Mar-24
- Refunds 18-Mar-24
- Credit to Demat Account 18-Mar-24
- Listing Date 19-Mar-24
Popular Vehicles & Services IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Mar-24 | 0.00 | 0.11 | 0.49 | 0.28 |
| 13-Mar-24 | 0.00 | 0.21 | 0.80 | 0.46 |
| 14-Mar-24 | 1.92 | 0.67 | 1.07 | 1.25 |
Popular Vehicles IPO Synopsis
Popular Vehicles & Services Limited IPO is set to open from 12th March 2024 to 14th March 2024. Company offers business of automobile dealerships in India. IPO includes a fresh issue of 8,474,576 shares worth 150 cr. & an Offer-for-Sale (OFS) of 11,917,075 worth *351.55 cr. total IPO size is ₹ 601.55 Cr. share allotment date is 15th March 2024, & IPO will be listed on 19th March 2024 on stock exchanges. price band is set at 280 to 295 & lot size is 50 shares.
ICICI Securities Limited, Nuvama Wealth Management Limited & Centrum Capital Limited are book-running lead managers for this IPO, while Link Intime India Private Ltd is registrar for issue.
Objectives of Popular Vehicles & Services IPO:
• For Repayment and/or pre-payment, in full or part, of certain borrowings, availed by company & certain of subsidiaries, namely, VMPL, PAWL, PMMIL, KGPL, KCPL & PMPL and; .
• For General corporate purposes.
Popular Vehicles IPO Video
Popular Vehicles & Services IPO Size
| Types | Size |
|---|---|
| Total IPO size | ₹601.55 Cr |
| Offer for sale | ₹250.00 Cr |
| Fresh issue | ₹250.00 Cr |
Popular Vehicles & Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,750 |
| Retail (Max) | 13 | 650 | ₹1,91,750 |
| S-HNI (Min) | 14 | 700 | ₹2,06,500 |
| S-HNI (Max) | 67 | 3,350 | ₹9,88,250 |
| B-HNI (Min) | 68 | 3,400 | ₹10,03,000 |
About Popular Vehicles & Services
Popular Vehicles & Services, an Indian corporation founded in 1983, is a car dealership operator.
Popular Vehicles offers comprehensive services for whole life cycle of a vehicle, including sales of new & used cars, maintenance, provision of spare parts, driving instruction, & selling of insurance & financial products to third parties.
The three business segments of corporation are as follows:
1. Passenger cars, including high-end models;
2. Commercial vehicles; &
3. Electric cars with two or three wheels
Currently, company's extensive network spans 14 districts in Kerala, 8 districts in Karnataka, 12 districts in Tamil Nadu, 7 districts in Maharashtra, & 59 showrooms, 126 sales outlets, booking offices, 31 pre-owned vehicle showrooms & outlets, 134 authorized service centers, 40 retail outlets, & 24 warehouses.
The retail outlets are in charge of selling & delivering replacement parts & accessories, while sales outlets & booking offices assist with sales in addition to showrooms.
Peer Comparison
Popular Vehicles & Services Limited
Landmark Cars Limited
For More Information:
Webstory on Popular Vehicles & Services IPO
Popular Vehicles & Services Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4875.00 | 3465.87 | 2893.52 |
| EBITDA | 234.84 | 178.66 | 174.85 |
| PAT | 64.07 | 33.66 | 32.45 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 1503.78 | 1263.28 | 1118.93 |
| Share Capital | 12.54 | 12.54 | 12.54 |
| Total Borrowings | 1160.73 | 983.40 | 872.93 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 108.89 | 69.69 | 95.17 |
| Net cash from / (used in) investing activities | -79.62 | -41.38 | -6.65 |
| Net cash flow from / (used in) financing activities | -23.84 | -65.25 | -70.67 |
| Net increase (decrease) in cash and cash equivalents | 5.42 | -36.94 | 17.84 |
Popular Vehicles IPO Key Points
-
Strengths
1. Long-standing presence in automobile industry, fostering strong relationships with leading OEMs.
2. Successful market penetration & innovative marketing strategies enhance our reach.
3. Our fully integrated business model ensures stability & higher margins.
4. Demonstrated ability to identify & capitalize on both organic & inorganic growth opportunities.
5. Consistent track record of profitable financial performance underscores our resilience.
6. Seasoned promoters & management team provide invaluable leadership & expertise.
-
Risks
1. Economic sensitivity exposes us to fluctuations in vehicle demand.
2. Significant OEM influence & restrictions may impede our operational flexibility.
3. Risks associated with non-renewal or adverse modifications of dealership agreements pose challenges.
4. Concentration of operations in specific states makes us vulnerable to regional developments.
5. Dependence on revenue from specific OEMs exposes us to market fluctuations.
6. Volatility in demand for key OEMs could adversely affect our business performance & financial stability.
Popular Vehicles
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Popular Vehicles IPO FAQs
When does the Popular Vehicles & Services IPO Open & Close?
Popular Vehicles & Services IPO is set to open from 12th March to 14th March 2024.
What is the size of Popular Vehicles & Services IPO ?
The Size of Popular Vehicles & Services IPO is ₹601.55 Cr
How to apply for the Popular Vehicles & Services IPO?
To apply for Popular Vehicles & Services IPO, follow the steps given below:
Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Popular Vehicles & Services IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange. You will receive a mandate notification to block funds in your UPI app.
What is the price band of Popular Vehicles & Services IPO?
The price band of Popular Vehicles & Services IPO is set at ₹280 to ₹295 per share.
What is the objective of Popular Vehicles & Services IPO?
Popular Vehicles & Services will use proceeds for:
• For Repayment and/or pre-payment, in full or part, of certain borrowings, availed by company & certain of subsidiaries, namely, VMPL, PAWL, PMMIL, KGPL, KCPL & PMPL and; .
• For General corporate purposes.
Who are the book runners for the Popular Vehicles & Services IPO?
ICICI Securities Limited, Nuvama Wealth Management Limited & Centrum Capital Limited are book-running lead managers for this IPO, while Link Intime India Private Ltd is registrar for issue.
What is the Popular Vehicles & Services IPO listing date?
The Popular Vehicles & Services IPO will be listed on March 19, 2024.
What is the allotment date of the Popular Vehicles & Services IPO?
The share allotment date of Popular Vehicles & Services IPO is March 15, 2024.
What is the minimum lot size and investment required for the Popular Vehicles & Services IPO?
The minimum lot size of Popular Vehicles & Services IPO is 50 shares and the minimum investment required to apply for the IPO is 14000.
Contact Details of Popular Vehicles & Services IPO
Contact Information
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/
Popular Vehicles & Services IPO Register
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 IPO Lead Manager
Nuvama Wealth Management Limited
Centrum Capital Limited
ICICI Securities Limited
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