Popular Vehicles & Services IPO Details, Date, Review, Price

Popular Vehicles & Services IPO Details, Date, Review, Price

OUR BUSINESS

Incorporated in 1983 We are a leading Diversified Automobile Dealership in India . 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 Preowned Vehicles, Operating Driving Schools and Facilitating The Sale of Third-Party Financial and Insurance Products.

Popular Vehicles & Services  Our Automobile Dealership Business  3 Key Segments-

  • Passenger Vehicles including Luxury Vehicles .
  •  Commercial Vehicles .
  •  Electric Two-wheeler & Three-Wheeler Vehicles. 

Our key segments are as follows:

  • Passenger Vehicles
  • Commercial Vehicles
  • Electric Two-Wheeler & Three-Wheeler Vehicles

 Our Dealerships  OEMs

Passenger Vehicles Dealerships

(i) Maruti Suzuki India Limited(“Maruti Suzuki”) For Both Arena and Nexa, Through Our Company.

(ii) Honda Cars India Limited (“Honda”)through Our Subsidiary, VMPL.

(iii) Jaguar Land Rover India Limited (“JLR”)through our Subsidiary, PAWL.

Commercial Vehicle Dealerships

(i) Tata Motors Limited (“Tata Motors (Commercial)”), Through our Subsidiary, PMMIL .

(ii) Daimler India Commercial Vehicles Private Limited(“BharatBenz”), through our Subsidiary, PMPL.

 Electric three-wheeler Vehicle Dealership 

(i) Piaggio Vehicles Private Limited, including commercial and cargo vehicles (“Piaggio”), through our Subsidiary, KGPL .

(ii) Electric Two-wheeler Vehicle Dealership of Ather Energy Private Limited (“Ather”), through our Subsidiary, KCPL.

Our Presence Across Vehicle Categories, including Passenger Vehicles, Commercial Vehicles, and Electric Two-wheeler and Three-wheeler Vehicles, Further Diversifies Our Revenue.

Our Network of 59 Showrooms, 126 Sales Outlets & Booking offices, 31 Pre-Owned Vehicle Showroomsand Outlets, 134 Authorised Service Centres, 40 Retail Outlets & 24 Warehouses Located Across 14 Districts of Kerala, 8 Districtsin Karnataka, 12 Districtsin Tamil Naduand 7 Districts in Maharashtra .

POPULAR VEHICLES & SERVICES IPO DATE & PRICE BAND DETAILS

IPO Open Date12 Mar 2024
IPO Close Date14 Mar 2024
IPO SizeApprox ₹601.55 Crores
IPO Fresh IssueApprox ₹250 Crores
Offer For SaleApprox ₹351.55 Crores
IPO Face Value₹2 Per Equity Share
IPO Price Band280 to ₹295 Per Every Share
Employees DiscountRs 28 Per Stock
IPO Listing OnNSE and BSE
IPO Retail Quota35%
IPO QIB Quota50%
IPO NII Quota15%

POPULAR VEHICLES & SERVICES IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum150₹14,750
Retail Maximum13650₹ 191,750
S-HNI Minimum14700₹ 206,500
B-HNI Minimum683400₹1003,000

OBJECTS OF ISSUE

  1. Repayment and/or Pre-Payment, in Full or Part, of Certain Borrowings, Availed by Our Company .
  2.  General Corporate Purposes .

POPULAR VEHICLES & SERVICES IPO ALLOTMENT & LISTING DATE (DETAILS)

Price Band Announcement2024
Anchor Investor Allotment11- March - 2024
IPO Open Date12 - March - 2024
IPO Close Date14 - March - 2024
Basis of Allotment15 - March- 2024
Refunds18 - March- 2024
Credit to Demat Account18 - March- 2024
IPO Listing Date19 - March- 2024

POPULAR VEHICLES & SERVICES FINANCIAL REPORTS

₹ in Crores
YearRevenueExpensePAT
2023 ₹4892.62 ₹4807.76 ₹64.07
2022 ₹3484.20 ₹3435.65 ₹33.67
2021 ₹2919.25 ₹2872.00 ₹32.46

OUR COMPANY PROMOTERS

  • John K. Paul
  • Francis K. Paul
  • Naveen Philip

QUALITATIVE FACTORS

  •  Long Standing Presence in The Automobile Industry and Well-rstablished Relationships With Leading OEMs.
  •  Penetration in Markets in which We Operate Complemented by Innovative Marketing Strategies.
  •  Fully Integrated Business Model Leading to Business Stability and Higher Margin.
  •  Proven Ability to Identify and Capture Inorganic As Well As Organic Growth Opportunities.
  •  Consistent Track Record of Profitable Financial Performance and Increasing Growth .
  •  Experienced Promoters and Management team

COMPARISON PEER GROUP COMPANIES

Company NameFace ValueEPSP/E RatioRo NW (%)NAV PerRevenue (₹ in Millions)
Popular Vehicles & Services Ltd210.22NA18.68%54.69*48,750.02
Landmark Cars Ltd522.5636.4118.04%118.5533,823,51

POPULAR VEHICLES & SERVICES COMPANY CONTACT DETAILS

Kuttukaran Centre
Mamangalam, Cochin
Ernakulam 682 025
Kerala, India
Tel: +91 484 2341 134
E-mail: cs@popularv.com
Webiste: www.popularmaruti.com

POPULAR VEHICLES & SERVICES IPO REGISTAR

Link Intime India Private Limited
C-101, 1stFloor
247 Park, L.B.S. Marg
Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: popularvehicles.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

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