Popular Vehicles & Services IPO GMP Today, Popular Vehicles & Services IPO Grey Market Premium Updates | Popular Vehicles & Services IPO, Latest target, Opening gain
Popular Vehicles & Services IPO began on 12 MARCH 2024. It will close on 14 March 2024. The Total IPO Size is 602.00 Crore Approx. The company set its IPO price is ₹280 to ₹295 per share Per Share. There are three basic categories in Popular Vehicles & Services IPO Subscription:-
Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India.
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
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 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 a total of 10,275 employees.
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 centers across dealerships.
Popular Vehicles & Services IPO Date, Allotment & Listing:
Popular Vehicles & Services IPO Opening Date:
March 12, 2024
Popular Vehicles & Services IPO Closing Date:
March 14, 2024
Basis of Allotment:
March 15, 2024
Initiation of Refunds:
March 18, 2024
Credit to Demat Account:
March 18, 2024
Listing Date:
March 19, 2024
Popular Vehicles & Services Limited Financial Information (Restated Consolidated)
Popular Vehicles & Services Limited’s revenue increased by 40.42% and profit after tax (PAT) rose by 90.31% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended
30 Sep 2023
31 Mar 2023
31 Mar 2022
31 Mar 2021
Assets
1,941.78
1,503.78
1,263.29
1,118.94
Revenue
2,848.21
4,892.63
3,484.20
2,919.25
Profit After Tax
40.04
64.07
33.67
32.46
Net Worth
384.21
343.04
279.89
246.00
Reserves and Surplus
371.67
330.50
267.34
233.46
Total Borrowing
764.61
505.01
371.91
353.04
Amount in ₹ Crore
Key Performance Indicator
The market capitalization of Popular Vehicles & Services IPO is Rs 2100.28 Cr.
KPI as of September 30, 2024.
KPI
Values
ROE
10.42%
ROCE
8.83%
Debt/Equity
1.99
RoNW
10.42%
P/BV
4.82
PAT Margin (%)
1.41
Pre IPO
Post IPO
EPS (Rs)
10.22
11.25
P/E (x)
28.88
26.22
Objects of the Issue (Popular Vehicles & Services IPO Objectives)
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;
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How to Apply Popular Vehicles & Services IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Popular Vehicles & Services“. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Popular Vehicles & Services IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Popular Vehicles & Services”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Popular Vehicles IPO?
Popular Vehicles IPO is a main-board initial public offering of 20,391,651 equity shares of the face value of ₹2 aggregating up to ₹602.00 Crores. The issue price of the IPO is ₹280 to ₹295 Per Equity Share. The minimum order quantity is 50 Shares per application and the offer type is Book Built Issue. The IPO opens on March 12, 2024 and closes on March 14, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Popular Vehicles IPO will open?
The Popular Vehicles IPO opens on March 12, 2024 and closes on March 14, 2024.
How to apply for Popular Vehicles IPO?
Popular Vehicles IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
When Popular Vehicles IPO allotment?
The finalization of Basis of Allotment for Popular Vehicles IPO will be done on March 15, 2024, and the allotted shares will be credited to your demat account by March 18, 2024. Check the Popular Vehicles IPO allotment status.
When is Popular Vehicles IPO listing date?
The Popular Vehicles IPO listing date is not yet announced. The tentative date of Popular Vehicles IPO listing is March 19, 2024.
What is the lot size of Popular Vehicles IPO?
Popular Vehicles IPO lot size is 50 Shares and the minimum order quantity is 1 Shares.