Popular Vehicles IPO GMP, Price, Allotment, Profit Estimate 2024 - IPO Central

Popular Vehicles IPO GMP, Price, Allotment, Profit Estimate 2024 – IPO Central

Time Stamp: March 5, 2024 4:09 AM
Source Node: 2508146
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

Table of Contents

Popular Vehicles IPO Dates 12 – 14 March 2024

Popular Vehicles Issue Price INR 280 – 295 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
  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
Figures in INR Crores unless specified otherwise
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
*Compiled by IPO Central from Prospectus

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

Coming soon

Company Face Value PE ratio EPS RONW (%) NAV Revenue (Cr.)

Popular Vehicles 2 – 10.22 18.68 54.69 4,875

Landmark Cars 5 36.41 21.74 18.04 118.55 3,382.35

Popular Vehicles IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

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 Coming soon

Closing Price on NSE Coming soon

Angel One –
Anand Rathi –
Axis Capital –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth –
Capital Market –
Canara Bank Securities –
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Dalal & Broacha –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital –
Hem Securities –
ICICIdirect –
Investmentz –
Jainam Broking –
DR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities –
SMC Global –
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ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email: [email protected]
Website: www.icicisecurities.com

LINK INTIME INDIA PRIVATE LIMITED
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

POPULAR VEHICLES AND SERVICES LIMITED
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 30 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 1,300 per application.

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