IPO Details
Bidding Dates
12 Mar '24 - 14 Mar '24
Minimum Investment
₹ 14,750 / 1 Lot ( 50 Shares )
Price Range
₹280 - ₹295
Maximum Investment
₹ 191,750 / 13 Lots ( 650 Shares )
Retail Discount
Not Applicable
Issue Size
₹601.55 Cr.
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |Popular Vehicles and Services IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Mar 12, 2024
Closing Date
Mar 14, 2024
Basis of Allotment
Mar 15, 2024
Initiation of Refunds
Mar 18, 2024
Credit of Shares to Demat
Mar 18, 2024
Listing Date
Mar 19, 2024
Cut-off time for UPI mandate confirmation
Mar 14, 2024
Popular Vehicles and Services IPO Subscription Details
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
Day 1Mar 12, 2024 |
0.00x | 0.12x | 0.50x | 4.25x | 0.28x |
Day 2Mar 13, 2024 |
0.00x | 0.21x | 0.80x | 6.62x | 0.46x |
Day 3Mar 14, 2024 |
1.92x | 0.67x | 1.07x | 7.99x | 1.24x |
Popular Vehicles and Services IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers | 1.99 |
| Non-Institutional Buyers | 0.67 |
| Retail Investors | 1.07 |
| Employees | 7.99 |
| Total | 1.24 |
About Company
Popular Vehicles is one of the top diversified car dealerships in the nation. They are present throughout the whole automotive retail chain, including the sale of new cars and trucks as well as commercial vehicles, the distribution of spare parts, and third-party financial and insurance services. Additionally, they have dealerships for Maruti Suzuki, Honda, and Jaguar passenger cars as well as the Tata Motors Ltd. commercial vehicle business.
They offer an impressive network of 83 authorised repair facilities, 29 retail outlets, 25 warehouses, 59 showrooms, 99 sales outlets, and booking offices. These are spread out throughout 14 districts in Tamil Nadu and Kerala. The two states that contribute most to the national sales of passenger vehicles are Kerala and Tamil Nadu. Four business segments—passenger automobiles, luxury cars, commercial vehicles, and others—have been established by the corporation.
After the fall in demand in the auto industry during COVID-19, the industry has started to recover again. Sales of automobiles increased by 20% in FY 2023, from 18.5 million units in FY 2022 to 22.1 million units. In this scenario, car dealerships like Popular Vehicles and Services can expect to see a period of expansion in the coming years.
Popular Vehicles and Services Ltd IPO Details
Popular Vehicles and Services Ltd IPO Dates
The dates for bidding for the Popular Vehicles and Services IPO are March 12, 2024, to March 14, 2024.
Popular Vehicles and Services Ltd IPO Price Band
Popular Vehicles and Services is a book-built IPO. The price range is ₹280 to ₹295 per share.
Popular Vehicles and Services Ltd IPO Lot Size
The Popular Vehicles and Services Ltd IPO lot size is 50 shares per lot.
Popular Vehicles and Services Ltd IPO Objectives:
The proceeds from the fresh issue will be used for:
- Repayment and/or pre-payment, in full or part, of certain borrowings, including working capital loans, availed by the company and PAPL, PMMPL and VMPL, i.e. its subsidiaries.
- General corporate purposes.
Peer Details
There is only one listed peer company of Popular Vehicles and Services in India, which is Landmark Cars Limited.
How To Check the Allotment Status of the Popular Vehicles and Services Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Popular Vehicles and Services Ltd
Registered office: Kuttukaran Centre, Mamangalam, Cochin, Ernakulam 682 025, Kerala, India.
Phone: +91 484 2341 134
E-mail: cs@popularv.com
IPO Financials
| Particulars (In Rs cr) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Total Income | 48,926.28 | 34,841.99 | 29,192.52 |
| Profit (Loss) for the Year | 640.74 | 336.69 | 324.55 |
| Debt-Equity Ratio | 1.47 | 1.33 | 1.44 |
| Return on Capital Employed | 18.32% | 16.79% | 17.09% |
Know before investing
Strengths
3-
They have a stronghold in the market, and extremely creative marketing tactics support this.
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The company provides fully integrated services and repairs, which increases revenue and promotes the stability of the business.
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They are present throughout the full car ownership life cycle, which results in a greater customer retention rate and offers the business a variety of revenue streams.
Risks
3-
The sector is very vulnerable to abrupt changes in the national economy, which could have a materially negative impact on the operations and financials of the company.
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The ties the company has with the OEMs with whom it has dealership agreements are absolutely essential to the company's commercial operations. Any problems there can disrupt the revenues.
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The business is heavily focused on India's southern region.
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Popular Vehicles and Services IPO FAQs
Popular Vehicles and Services’s IPO is a book-built IPO. The dates for the IPO are March 12, 2024 to March 14, 2024.
The basis of allotment will be decided on Friday, March 15, 2024. The credit of shares to demat accounts will be done on Monday, March 18, 2024.
The IPO subscription window is March 12, 2024 to March 14, 2024.
The lot size for the IPO is 50 shares per lot.
The listing date for Popular Vehicles and Services is Tuesday, March 19, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Tuesday, March 19, 2024.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
