Popular Vehicles IPO Description – Popular Vehicles and Services manages the full vehicle ownership cycle, including new vehicle sales, servicing and repairing vehicles, spare parts distribution, pre-owned vehicle transactions, driving schools, and facilitating third-party financial and insurance product sales.
The company operates in three distinct segments: (a) passenger vehicle dealerships, covering economy, premium, and luxury vehicles from Maruti Suzuki India Limited, Honda Cars India Limited, and Jaguar Land Rover India Limited; (b) commercial vehicle dealerships representing Tata Motors Limited and Daimler India Commercial Vehicles Private Limited; and (c) electric three-wheeler and two-wheeler vehicle dealerships for Piaggio Vehicles Private Limited and Ather Energy Private Limited, respectively.
As of 31 July 2023, Popular Vehicles and Services operated through 59 showrooms, 126 sales outlets and booking offices, 31 pre-owned vehicle showrooms and outlets, 134 authorized service centers, 40 retail outlets, and 24 warehouses. This network spans across 14 districts in Kerala, 8 districts in Karnataka, 12 districts in Tamil Nadu, and 7 districts in Maharashtra. As of 31 July 2023, Popular Vehicles and Services employed a total of 10,275 individuals across its various business verticals.
Promoters of Popular Vehicles and Services – John K. Paul, Francis K. Paul, and Naveen Philip
Table of Contents
Popular Vehicles IPO Details
| Popular Vehicles IPO Dates | 12 – 14 March 2024 |
| Popular Vehicles Issue Price | INR 280 – 295 per share Employee Discount – INR 28 per share |
| Fresh issue | INR 250 crore |
| Offer For Sale | 11,917,075 shares (INR 333.68 – 351.55 crore) |
| Total IPO size | INR 583.68 – 601.55 |
| Minimum bid (lot size) | 50 shares (INR 14,750) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Popular Vehicles and Services Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 2,893.53 | 3,465.88 | 4,875.00 | 2,835.00 |
| Expenses | 2,872.00 | 3,435.65 | 4,807.76 | 2,795.94 |
| Net income | 32.46 | 33.67 | 64.07 | 40.04 |
| Margin (%) | 1.21 | 0.97 | 1.31 | 1.41 |
Popular Vehicles Offer News
- Popular Vehicle IPO Ratings: Brokers Upbeat About Prospects
- Popular Vehicles IPO Analysis
- Popular Vehicles RHP
- Popular Vehicles DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Popular Vehicles Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 5.17 | 5.37 | 10.22 |
| PE ratio | – | – | 27.40 – 28.86 |
| RONW (%) | 13.19 | 12.03 | 18.68 |
| NAV | 39.22 | 44.62 | 54.69 |
| ROCE (%) | 17.09 | 16.79 | 18.32 |
| EBITDA (%) | 5.99 | 5.13 | 4.80 |
| Debt/Equity | 1.44 | 1.33 | 1.47 |
Popular Vehicles IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 14 March 2024 | – | – | – |
| 13 March 2024 | 5 | – | 200 |
| 12 March 2024 | 25 | – | 1,100 |
| 11 March 2024 | 28 | – | 1,200 |
| 9 March 2024 | 30 | – | 1,300 |
| 8 March 2024 | 30 | – | 1,300 |
Popular Vehicles and Services IPO Objectives
The company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment and/or pre-payment, in full or part, of certain borrowings, availed by the company and certain of its Subsidiaries, namely, VMPL, PAWL, PMMIL, KGPL, KCPL, and PMPL  – INR 192.0 crore
- General corporate purposes
Popular Vehicles IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 3,970,461 | 3,121,490 | 7,283,477 | 39,682 | 14,415,110 |
| 14 Mar 2024 | 1.97 | 0.66 | 1.05 | 7.54 | 1.23 |
| 13 Mar 2024 | 0.00 | 0.20 | 0.78 | 6.16 | 0.45 |
| 12 Mar 2024 | 0.00 | 0.11 | 0.47 | 3.83 | 0.27 |
Popular Vehicles – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Popular Vehicles | 28.86 | 10.22 | 18.68 | 54.69 | 4,875 |
| Landmark Cars | 36.41 | 21.74 | 18.04 | 118.55 | 3,382.35 |
Popular Vehicles IPO Allotment Status
Popular Vehicles IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Popular Vehicles IPO Dates & Listing Performance
| Popular Vehicles IPO Opening Date | 12 March 2024 |
| Popular Vehicles IPO Closing Date | 14 March 2024 |
| Finalization of Basis of Allotment | 15 March 2024 |
| Initiation of refunds | 18 March 2024 |
| Transfer of shares to demat accounts | 18 March 2024 |
| Popular Vehicles IPO Listing Date | 19 March 2024 |
| Opening Price on NSE | INR 289.20 per share (down 1.97%) |
| Closing Price on NSE | INR 276.15 per share (down 6.39%) |
Popular Vehicles and Services IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Axis Capital –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elite Wealth – Apply for long term
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe for long term
ICICIdirect –
Investmentz –
Jainam Broking – Neutral
DR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
SBI Securities – Subscribe for long term
Samco Securities – Avoid
SMC Global – 2/5
Swastika Investmart – Subscribe for long term
Ventura Securities – Subscribe
Popular Vehicles Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Popular Vehicles Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Popular Vehicles Contact Details
POPULAR VEHICLES AND SERVICES LIMITED
Kuttukaran Centre, Mamangalam,
Cochin, Ernakulam 682 025, Kerala, India
Phone:Â +91 484 2341 134
Email:Â [email protected]
Website: www.popularmaruti.com
Popular Vehicles and Services IPO FAQs
How many shares in Popular Vehicles IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Popular Vehicles Public Offer?
The best way to apply in Popular Vehicles’ public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Popular Vehicles IPO GMP today?
Popular Vehicles IPO GMP today is INR NA per share.
What is Popular Vehicles kostak rate today?
Popular Vehicles kostak rate today is INR NA per application.
What is Popular Vehicles Subject to Sauda rate today?
Popular Vehicles Subject to Sauda rate today is INR NA per application.
