Popular Vehicles IPO GMP, Price, Date, Allotment

Popular Vehicles IPO GMP

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.

Popular Vehicles and Services

Promoters of Popular Vehicles and Services – John K. Paul, Francis K. Paul, and Naveen Philip

Popular Vehicles IPO Dates12 – 14 March 2024
Popular Vehicles Issue PriceINR 280 – 295 per share
Employee Discount – INR 28 per share
Fresh issueINR 250 crore
Offer For Sale11,917,075 shares (INR 333.68 – 351.55 crore)
Total IPO sizeINR 583.68 – 601.55
Minimum bid (lot size)50 shares (INR 14,750)
Face Value INR 2 per share
Retail Allocation35%
Listing OnBSE, NSE

 FY 2021FY 2022FY 2023H1 FY 2024
Net income32.4633.6764.0740.04
Margin (%)1.210.971.311.41
Figures in INR Crores unless specified otherwise

FY 2021FY 2022FY 2023
PE ratio27.40 – 28.86
RONW (%)13.1912.0318.68
ROCE (%)17.0916.7918.32
EBITDA (%)5.995.134.80
*Compiled by IPO Central from Prospectus

DateDay-wise IPO GMPKostakSubject to Sauda
14 March 2024
13 March 20245200
12 March 2024251,100
11 March 2024281,200
9 March 2024301,300
8 March 2024301,300

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

Shares Offered3,970,4613,121,4907,283,47739,68214,415,110
14 Mar 20241.970.661.057.541.23
13 Mar 20240.000.200.786.160.45
12 Mar 20240.000.110.473.830.27

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Popular Vehicles28.8610.2218.6854.694,875
Landmark Cars36.4121.7418.04118.553,382.35

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 Opening Date12 March 2024
Popular Vehicles IPO Closing Date14 March 2024
Finalization of Basis of Allotment15 March 2024
Initiation of refunds18 March 2024
Transfer of shares to demat accounts18 March 2024
Popular Vehicles IPO Listing Date19 March 2024
Opening Price on NSEINR 289.20 per share (down 1.97%)
Closing Price on NSEINR 276.15 per share (down 6.39%)

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ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email[email protected]
Website: www.icicisecurities.com

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in

Kuttukaran Centre, Mamangalam,
Cochin, Ernakulam 682 025, Kerala, India
Phone: +91 484 2341 134
Email: [email protected]
Website: www.popularmaruti.com

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.


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