Popular Vehicles & Services Ltd
Price Range
₹280 - ₹295
Min. Quantity
50
Closes on
14 March 2024
Min. investment
₹14,750/650 Shares
Popular Vehicles & Services Ltd IPO Timeline
Popular Vehicles & Services Limited was originally incorporated as Popular Vehicles and Services Limited on July 5, 1983 at Kochi, Kerala, as a Public Limited Company. The Company converted to a Private Limited Company pursuant to a special resolution of Shareholders at the Extraordinary General Meeting (EGM) held on December 29, 2014 and the name changed to 'Popular Vehicles and Services Private Limited' vide a fresh Certificate of Incorporation issued on March 24, 2015 by the RoC, Kerala at Ernakulam. Thereafter, the Company was subsequently got converted into a Public Limited and its name was changed to Popular Vehicles and Services Limited vide Certificate of incorporation consequent upon conversion issued on July 10, 2018 by the RoC.
| Event | Date |
|---|---|
| Popular Vehicles & Services Ltd IPO Opening Date | 12 March 2024 |
| Popular Vehicles & Services Ltd IPO Closing Date | 14 March 2024 |
| Basis of Allotment | 15 March 2024 |
| Initiation of Refunds | 18 March 2024 |
| Credit of Shares to Demat | 18 March 2024 |
| Popular Vehicles & Services Ltd IPO Listing Date | 19 March 2024 |
Popular Vehicles & Services Ltd IPO Details
| Popular Vehicles & Services Ltd IPO Date | 12 March 2024 to 14 March 2024 |
| Popular Vehicles & Services Ltd IPO Face Value | ₹2 per share |
| Popular Vehicles & Services Ltd IPO Price | ₹280 to ₹295 per share |
| Popular Vehicles & Services Ltd IPO Lot Size | 50 |
| Issue Size | Shares of ₹2 (aggregating up to ₹601.55 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹250 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹351.55 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 39,70,461 of the Net Offer |
| Retail Shares Offered | Not less than 72,83,477 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 31,21,490 of the Net Offer |
| Company Promoters | John K Poul, Francis K Paul, Naveen Philip |
Popular Vehicles & Services Ltd IPO Lot Size
The Popular Vehicles & Services Ltd IPO lot size is 50 shares. A retail-individual investor can apply for up to 13 lots (650 shares or ₹1,91,750).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 50 | ₹14,750 |
| Maximum | 13 | 650 | ₹1,91,750 |
- Strengths
- Risks
- Opportunities
- Long standing presence in the automobile industry and well-established relationships with leading OEMs.
- Penetration in markets in which the company operates 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.
Company Financials
Popular Vehicles & Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,222.97 | 2,661.6 | 25.82 |
| 03-2023 | 853.36 | 2,525.71 | 29.34 |
| 03-2022 | 822.43 | 1,877.62 | 6.97 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue 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
- General corporate purposes
Popular Vehicles & Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | 23.15% |
| Post Issue Share Holding | 20.39% |
Popular Vehicles & Services Ltd IPO Subscription Status (Bidding Detail)
The Popular Vehicles & Services Ltd IPO is subscribed 1.23 times on 14 March 2024 05:00:00 PM. The public issue subscribed 1.05 times in the retail category, 1.97 times in the QIB category, and 0.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 1.97 | 0.66 | 1.05 | 7.59 | 1.23 |
Popular Vehicles & Services Ltd IPO Prospectus
Popular Vehicles & Services Ltd IPO Listing Date
| Listing Date | 19 March 2024 |
| BSE Script | 544144 |
| NSE Symbol | PVSL |
| Listing In | BSE, NSE |
| ISIN | INE772T01024 |
| IPO Price | ₹295 |
| Face Value | ₹2 |
Company Contact Information
Kuttukaran CentreMamangalam Cochin,Ernakulam-682025
Phone: 91-484-2341 134
Email: cs@popularv.com
Website: www.popularmaruti.com
Popular Vehicles & Services Ltd IPO Registrar
Popular Vehicles & Services Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Nuvama Wealth Management Ltd
- Centrum Capital Ltd
FAQ
What is the issue size of Popular Vehicles & Services Ltd IPO?
I have pre-applied for Popular Vehicles & Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.