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Open
12 Mar 2024
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Close
14 Mar 2024
3
Allotment
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Listing
Tue, Mar 19, 2024
Price Band
₹280 to ₹295
Issue Size
2,03,93,828 shares (agg. up to ₹602 Cr)
Lot Size
50 Shares
Listing Date
Tue, Mar 19, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
19-03-2024₹0Est. ₹295+0%
18-03-2024₹0Est. ₹295+0%
17-03-2024₹0Est. ₹295+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.22x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,941.78 | 1,503.78 | 1,263.29 | 1,118.94 |
| Total Income | 2,848.21 | 4,892.63 | 3,484.20 | 2,919.25 |
| Profit After Tax | 40.04 | 64.07 | 33.67 | 32.46 |
| NET Worth | 384.21 | 343.04 | 279.89 | 246.00 |
| Reserves and Surplus | 371.67 | 330.50 | 267.34 | 233.46 |
| Total Borrowing | 764.61 | 505.01 | 371.91 | 353.04 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or prepayment, in full or part, of certain borrowings, availed by our Company and certain of our Subsidiaries, namely, PAWL, PMMIL, KGPL, KCPL and PMPL | 192.00 |
| 2 | General corporate purposes | 36.99 |
About Popular Vehicles IPO
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
Contact Details
Popular Vehicles & Services Ltd. AddressKuttukaran CentreMamangalamErnakulamKochi, Kerala, 682011+91 484 2341 134cs@popularv.comVisit Website