Popular Vehicles & Services Limited IPO
₹280 - ₹295
50
1.25
| Open Date: | 12-Mar-2024 |
| Close Date: | 14-Mar-2024 |
| Allotment Date: | 15-Mar-2024 |
| Listing Date: | 19-Mar-2024 |
| Listing Price: | N/A |
| Face Value: | ₹2 Per Equity Share |
| Issue Price: | ₹280-295 Per Equity Share |
| Issue Size: | Total Issue Size 20,391,651 shares (aggregating up to ₹601.55 Cr) : Fresh Issue 8,474,576 shares (aggregating up to ₹250.00 Cr) : Offer for Sale 11,917,075 shares of ₹2 (aggregating up to ₹351.55 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,750 : S-HNI - ₹206,500 : B-HNI - ₹1,003,000 |
As on | QIB | Nll | Rll | EMP | Total |
|---|---|---|---|---|---|
| Shares Offered/Reserved | 4,071,551 | 3,053,663 | 7,125,213 | 37,453 | 14,287,880 |
| Day 1 - 12-03-24 05:00 PM | 0.00x | 0.12x | 0.50x | 4.25x | 0.28x |
| Day 2 - 13-03-24 05:00 PM | 0.00x | 0.21x | 0.80x | 6.63x | 0.46x |
| Day 3 - 14-03-24 05:00 PM | 1.92x | 0.67x | 1.07x | 8.04x | 1.25x |
| Total No. of Application: | 135,743 (Approx.) | ||||
| Retail Subscription on the basis of Apps: | 0.95x | ||||
| Earning Per Share(EPS) | ₹10.22/- |
| P/E Ratio | 28.88 |
| RoNW | 10.42% |
| Net Asset Value (NAV) - Post Issue: | ₹54.69/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 2,537.71 | 1,417.33 | 3,37.31 |
| 31 Mar,2022 | 1,422.66 | 888.88 | 80.99 |
| 31 Mar,2021 | 1,351.82 | 691.50 | 26.66 |
| Pre Issue Share Holding | 65.79% |
| Post Issue Share Holding | N/A% |
| 1. John K. Paul |
| 2. Francis K. Paul |
| 3. Naveen Philip |
The company proposes to utilise 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 the subsidiaries, namely, VMPL, PAWL, PMMIL, KGPL, KCPL and PMPL and;
- General corporate purposes.
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-wheeler, and 857 electric three-wheeler vehicles - through 130 authorized service centres across dealerships.
The company's PAT increased from ₹324.55 million in Fiscal 2021 to ₹640.74 million in Fiscal 2023.
The company's total income for Fiscals 2021, 2022, and 2023 was ₹29,192.52 million, ₹34,841.99 million, and ₹48,926.28 million, respectively.
As of July 31, 2023, the company had 10,275 employees.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
If you are agree with app tems and condition to use the app.
Thank you.