Popular Vehicles & Services Limited IPO
- IPO Date12 Mar, 2024 to 14 Mar, 2024
- Listing Date19 Mar, 2024
- Face Value₹2 per share
- Issue Price₹280 to ₹295 per share
- Lot Size50 Shares
- Minimum Investment₹14,750
- Listing AtBSE, NSE
- Total Issue Size2,03,91,651 Shares
(aggregating up to ₹601.55 Cr) - Fresh Issue84,74,576 Shares
(aggregating up to ₹250.00 Cr)
- Offer for Sale1,19,17,075 Shares
(aggregating up to ₹351.55 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue6,27,21,445
- Shareholding post issue7,11,96,021
IPO Dates
Closing Date
14 Mar, 2024
Initiation of Refunds
18 Mar, 2024
Listing Date
19 Mar, 2024
12 Mar, 2024
Opening Date
15 Mar, 2024
Basis of Allotment
18 Mar, 2024
Credit of Shares
Popular Vehicles & Services Limited Lot Size
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 67 | 3350 | ₹9,88,250 |
| Retail (Min) | 1 | 50 | ₹14,750 |
| B-HNI (Min) | 68 | 3400 | ₹10,03,000 |
| Retail (Max) | 13 | 650 | ₹1,91,750 |
| S-HNI (Min) | 14 | 700 | ₹2,06,500 |
Popular Vehicles & Services Limited Promoter Holding
The promoters of the company are John K. Paul, Francis K. Paul and Naveen Philip
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 65.79% | - |
Popular Vehicles & Services Limited COMPANY INFORMATION
Popular Vehicles & Services IPO is a book built issue of Rs 601.55 crores. The issue is a combination of fresh issue of 0.85 crore shares aggregating to Rs 250.00 crores and offer for sale of 1.19 crore shares aggregating to Rs 351.55 crores. Popular Vehicles & Services IPO opens for subscription on March 12, 2024 and closes on March 14, 2024. The allotment for the Popular Vehicles & Services IPO is expected to be finalized on Friday, March 15, 2024. Popular Vehicles & Services IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, March 19, 2024. Popular Vehicles & Services IPO price band is set at ₹280 to ₹295 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹14,750. The minimum lot size investment for sNII is 14 lots (700 shares), amounting to ₹206,500, and for bNII, it is 68 lots (3,400 shares), amounting to ₹1,003,000. ICICI Securities Limited, Nuvama Wealth Management Limited and Centrum Capital Limited are the book running lead managers of the Popular Vehicles & Services IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Popular Vehicles & Services IPO RHP for detailed information.
Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India.
Popular Vehicles provides complete services throughout the life cycle of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales.
The company's business can be divided into three segments
- Passenger vehicles including luxury vehicles,
- Commercial vehicles and
- Electric two-wheeler and three-wheeler vehicles
The company currently operates through a vast network consisting of 59 showrooms, 126 sales outlets and booking offices, 31 pre-owned vehicle showrooms and outlets, 134 authorized service centres, 40 retail outlets, and 24 warehouses across 14 districts of Kerala, eight districts in Karnataka, 12 districts in Tamil Nadu, and seven districts in Maharashtra. In addition to its showrooms, the sales outlets and booking offices facilitate its sales, whereas the retail outlets are responsible for selling and distributing spare parts and accessories.
In FY 2023, the company serviced 791,360 vehicles - 5,212 luxury, 163,013 commercial, 1,918 electric two-wheeler, and 857 electric three-wheeler vehicles - through 130 authorized service centres across dealerships.
The company's PAT increased from ₹324.55 million in Fiscal 2021 to ₹640.74 million in Fiscal 2023.
The company's total income for Fiscals 2021, 2022, and 2023 was ₹29,192.52 million, ₹34,841.99 million, and ₹48,926.28 million, respectively.
As of July 31, 2023, the company had 10,275 employees.
FAQs About Popular Vehicles Services Limited Ipo
Popular Vehicles & Services Limited IPO will open on 12 Mar, 2024 and close on 14 Mar, 2024. Investors must apply within this period to participate.
The Popular Vehicles & Services Limited IPO price band is set between ₹280.00 and ₹295.00 per share. The minimum lot size is 50, requiring an investment of at least ₹14750.00.
The Popular Vehicles & Services Limited IPO shares are expected to be listed on 19 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Popular Vehicles & Services Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Popular Vehicles & Services Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.