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:-
1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
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.
Check out Popular Vehicles & Services IPO grey market premium, Kostak rates, and subject to cauda rates as of today.
Popular Vehicles & Services IPO Details:
| Issuer | Popular Vehicles & Services IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 12 Mar 2024 | |
| Issue Closes: 14 Mar 2024 | ||
| Price Brand | ₹280 to ₹295 per share | |
| Issue Size | 602.00 Cr | |
| Face Value | ₹2 per share | |
| Market Lot | 50 Shares | |
| Retail (Max) | ₹191,750 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 20,391,651 shares | |
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Popular Vehicles & Services IPO GMP Rates day by day
Popular Vehicles & Services IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 50 | ₹14,750 |
| Retail (Max) | 13 | 650 | ₹191,750 |
| S-HNI (Min) | 14 | 700 | ₹206,500 |
| S-HNI (Max) | 67 | 3,350 | ₹988,250 |
| B-HNI (Min) | 68 | 3,400 | ₹1,003,000 |
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;
- General corporate purposes.
Popular Vehicles & Services IPO ALLOTMENT STATUS
How to Apply for Popular Vehicles & Services IPO?
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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
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.
The Popular Vehicles IPO opens on March 12, 2024 and closes on March 14, 2024.
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.
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.
The Popular Vehicles IPO listing date is not yet announced. The tentative date of Popular Vehicles IPO listing is March 19, 2024.
Popular Vehicles IPO lot size is 50 Shares and the minimum order quantity is 1 Shares.