Popular Vehicles and Services IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 06, 2023As we delve into the company’s background, product offerings, and key financial indicators, potential investors can gain valuable insights into Popular Vehicles and Services’ IPO journey and make well-informed decisions in the dynamic market scenario.
After a deferred attempt in 2021, the company has refiled for an Initial Public Offering, aiming to raise capital for its diverse automotive ventures.
This blog covers essential aspects such as the IPO’s financial landscape, important dates, price details, Grey Market Premium, subscription and allotment status, live performance updates, and the latest news.
| Face Value | Rs 2 |
| Price Band | Rs NA |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA Shares |
| Listing Date | NA |
| Offer for Sale | Rs NA Crore |
| Fresh Issue | Rs NA Crore |
| IPO Size | Rs NA Crore |
| Tick Size | 1 |
Popular Vehicles and Services IPO Overview
Popular Vehicles and Services has refiled for an Initial Public Offering (IPO) after deferring its earlier attempt in 2021. The IPO involves a fresh equity issuance of Rs 250 crore and an Offer For Sale (OFS) of 1.42 crore equity shares by Banyantree Growth Capital II, LLC.
Additionally, a pre-IPO placement round may raise Rs 50 crore. The funds will primarily go towards debt repayment and general corporate purposes.
Based in Kerala, the company is a major player in automotive dealerships, covering new passenger and commercial vehicles, services, repairs, spare parts, pre-owned vehicles, and financial products. Brands include Maruti Suzuki, Honda, JLR, and Tata Motors.
Popular Vehicles and Services IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
Stay tuned for the crucial dates related to the Popular Vehicles and Services IPO, as they are yet to be officially announced.
Keep a close eye on updates from the company and regulatory authorities for information regarding the opening and closing of the subscription period, allotment dates, and the listing date.
These dates play a vital role in the IPO process, guiding potential investors on when to participate and what to expect.
Popular Vehicles and Services IPO Price, Size, Share Offerings
| Face Value | Rs.2 |
| Price Band | Rs NA |
| Offer for Sale | Rs NA Crore |
| Fresh Issue | Rs NA Crore |
| IPO Size | Rs NA Crore |
Popular Vehicles and Services Ltd is gearing up for an Initial Public Offering (IPO), aiming to raise capital for its diverse automotive ventures.
While specific details regarding the IPO price, size, and share offerings are yet to be disclosed, the company plans to issue fresh equity shares worth Rs 250 crore.
Additionally, an Offer For Sale (OFS) of 1.42 crore equity shares by Banyantree Growth Capital II, LLC, and a potential pre-IPO placement round raising Rs 50 crore are in the pipeline.
Stay tuned for precise information on the IPO price per share, overall size, and the distribution of shares as the company progresses in its IPO journey.
Popular Vehicles and Services IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
As of now, there is no available information on the Grey Market Premium (GMP) for the Popular Vehicles and Services IPO. The Grey Market serves as an unofficial market where investors speculate on the premium at which IPO shares may trade before their official listing.
This premium can provide insights into market sentiment. Investors are advised to stay vigilant for updates as GMP details for Popular Vehicles and Services IPO are yet to be released.
Popular Vehicles and Services IPO Subscription Status
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – | |||||
| 2nd Day – | |||||
| 3rd Day – | |||||
| Shares Offered or Net Issue |
As of now, there is no official information available regarding the subscription status of the Popular Vehicles and Services IPO. Investors are eagerly awaiting updates on the demand for shares and the overall subscription figures.
The subscription status, when released, will provide insights into the level of investor interest and participation in the IPO.
Popular Vehicles and Services IPO Allotment Status
As of now, there is no available data on the Popular Vehicles and Services IPO allotment status. Investors are advised to patiently await official announcements from the company or relevant regulatory authorities.
The allotment status provides crucial information on the distribution of shares to applicants, and updates will be made available once the allotment process is completed.
Popular Vehicles and Services IPO Live Performance
As Popular Vehicles and Services Ltd ventures into the public market with its Initial Public Offering (IPO), real-time performance metrics are eagerly awaited. However, at this stage, no live performance data is available.
Investors are advised to monitor updates from reliable sources for insights into the IPO’s subscription levels, market response, and other key performance indicators.
The absence of current data underscores the importance of staying informed as the IPO progresses, allowing stakeholders to make well-informed decisions based on the evolving market dynamics surrounding Popular Vehicles and Services’ public debut.
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Latest Popular Vehicles and Services IPO News
As of now, there is no available news regarding the Popular Vehicles and Services IPO. Keep a lookout for updates from reliable sources as the company progresses in its IPO journey.
Stay informed about developments related to the offering, including pricing, size, and other crucial details.
As soon as new information becomes available, it will be essential for potential investors and stakeholders to stay abreast of the latest news to make well-informed decisions in this dynamic market scenario.
Popular Vehicles and Services – Company Review
Popular Vehicles and Services Limited, founded on July 5, 1983, is a public limited company within the esteemed Kuttukaran Group. Operating as a multi-brand automobile dealership, it spans regions in Kerala, Tamil Nadu, and Karnataka.
With an authorized share capital of INR 15.00 crore and a total paid-up capital of INR 12.54 crore, the company showcases financial robustness.
Notably, it holds historical significance as Maruti Suzuki’s inaugural dealer in Kerala, commencing operations in Thiruvananthapuram in 1984.
Recognized for outstanding performance, Popular Vehicles & Services Limited consistently ranks among the top six dealerships in India based on sales volume, solidifying its position in the automotive industry.
Products or Services
Popular Vehicles and Services Limited (PVASL) offers a comprehensive suite of products and services, positioning itself as a one-stop solution in the automotive domain. The company excels in car sales, providing customers with a diverse range of vehicles to meet their preferences and needs.
Beyond sales, PVASL is dedicated to ensuring a seamless post-purchase experience. Their after-sale services encompass a spectrum of offerings, including repair and maintenance services, scheduled car maintenance, exhaust repair, and new tire installations.
Additionally, the company specializes in essential services such as oil changes and precise wheel alignments, emphasizing a commitment to delivering top-notch automotive care and customer satisfaction.
Promoters and Holding
Key figures steering Popular Vehicles and Services Limited are the Promoters—John K. Paul, Francis K. Paul, and Naveen Philip.
Together, they currently hold 41,266,875 Equity Shares, constituting 65.79% of the pre-offer capital. John K. Paul, the Whole-time Director, and Francis K. Paul, another Whole-time Director, each possess 13,755,625 Equity Shares. Naveen Philip, serving as the Managing Director, holds an equivalent shareholding.
Is Popular Vehicles and Services Good for Investment?
The company, a leading diversified automobile dealership in India, reported robust performance in Fiscal 2023, with revenues aggregating Rs 30,143.51 million from key segments: passenger vehicles, commercial vehicles, and electric two-wheeler and three-wheeler vehicles.
Operating through a network of showrooms, sales outlets, and service centres across multiple states, the company has a strategic presence in the automobile market.
The robust growth includes successful acquisitions, expanding post-sale services, and a significant increase in revenue from servicing vehicles.
With a fully integrated business model, the company’s diversified income streams, deep market penetration, and innovative marketing strategies contribute to higher margins, ensuring business stability.
The proven ability to identify and capitalize on both organic and inorganic growth opportunities, coupled with a strong management team, positions the company as a valued partner to leading OEMs, driving sustained success in the competitive automobile industry.
Popular Vehicles and Services Financial Statements
| Amount (in INR & Million) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Assets |
15,037.80
|
12,632.88
|
11,189.3
|
| Revenue | 48.926.28 | 34,841.99 | 29,192.52 |
| Expense | 48,077.61 | 34,356.53 | 28.720.00 |
| Profit After Tax | 640.74 | 336.69 | 324.55 |
The company’s financial performance, as per the restated balance sheet, indicates positive trends in non-current and current assets, demonstrating strategic focus and robust growth.
Non-current assets reached Rs 7,681.59 million, and current assets totalled Rs 7,340.79 million, showcasing a strengthened asset base. Equity rose from Rs 2,460.02 million in 2021 to Rs 3,430.44 million in 2023, reflecting financial robustness.
The profit and loss statement highlights commendable revenue growth, reaching Rs 48,750.02 million in 2023, with a notable profit before tax of Rs 848.67 million. Overall, the company exhibits sound financial health, emphasizing prudent management and strategic planning.
| Earnings per Equity Share (in Million) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 10.22 | 5.37 | 5.17 |
Popular Vehicles and Services IPO Review
The Popular Vehicles and Services IPO presents a financial landscape indicative of a thriving and strategically positioned company. Analyzing the restated balance sheet reveals a commendable growth trajectory, with non-current assets reaching Rs 7,681.59 million and current assets totaling Rs 7,340.79 million.
The equity has seen a substantial increase from Rs 2,460.02 million in 2021 to Rs 3,430.44 million in 2023, underlining the company’s financial strength.
The profit and loss statement demonstrates impressive revenue growth, standing at Rs 48,750.02 million in 2023, accompanied by a noteworthy profit before tax of Rs 848.67 million.
This financial review suggests that Popular Vehicles and Services is well-positioned for a successful IPO, reflecting sound management and strategic planning.
Popular Vehicles and Services IPO Details
Here are a few more details you need to know before investing in Popular Vehicles and Services IPO –
Popular Vehicles and Services IPO Issue Object
Thus, Popular Vehicles and Services has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Repayment and/or pre-payment, in full or part, of certain borrowings, availed by our Company and certain of our Subsidiaries, namely, VMPL, PAWL, PMMIL, KGPL, KCPL and PMPL; and
- General corporate purposes.
Popular Vehicles and Services IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Long-standing presence in the automobile industry and well-established relationships with leading OEMs;
- Penetration in markets in which we operate 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; and
- Experienced promoters and management team
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 10.22 | 18.68% | 54.69 |
| 31-Mar-22 | 5.37 | 12.03% | – |
| Mar-21 | 5.17 | 13.19% | – |
Popular Vehicles and Services IPO Lead Managers
Here is the list of Lead managers –
- ICICI Securities Limited
- Nuvama Wealth Management Limited
- Centrum Capital Limited
Popular Vehicles and Services IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West) Mumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
E-mail: popularvehicles.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance E-mail:
popularvehicles.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Popular Vehicles and Services IPO – Other Details
- Statutory Auditor – B S R & Associates LLP, Chartered Accountants
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – State Bank of India, The Federal Bank Limited and Axis Bank Limited
Popular Vehicles and Services IPO Verdict by Stock Brokers
The financial health and performance showcased in Popular Vehicles and Services’ restated statements present a compelling case for its Initial Public Offering (IPO).
With robust growth in assets, a notable increase in equity, and impressive revenue figures, the company exhibits resilience and strategic prowess. The profit before tax of Rs 848.67 million in 2023 adds to its IPO appeal.
Considering these factors, the Popular Vehicles and Services IPO appears promising. This reflects a company with a solid financial foundation and growth potential. However, potential investors should conduct thorough due diligence to make informed investment decisions.
Popular Vehicles and Services IPO – Conclusion
In conclusion, Popular Vehicles and Services’ IPO presents a promising investment opportunity, backed by strong financials and notable growth. The company’s substantial assets, increased equity, and positive profit trends signal a robust performance.
However, prospective investors should exercise due diligence and carefully evaluate risk factors before participating in the IPO to make informed investment decisions.
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Popular Vehicles and Services IPO Review FAQs
Check out the FAQs on Popular Vehicles and Services IPO –
What is the Issue Size of Popular Vehicles and Services IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Popular Vehicles and Services IPO?
The price band for this particular IPO ranges between Rs.NA to Rs. NA. As far as the face value of the share is concerned, it is Rs.2 per share.
What is the Popular Vehicles and Services IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Popular Vehicles IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Popular Vehicles IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Popular Vehicles IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Popular Vehicles IPO?
Here are the promoters of this IPO – JOHN K. PAUL, FRANCIS K. PAUL AND NAVEEN PHILIP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Popular Vehicles IPO?
They have obtained the GMP of this IPO and it is Rs. NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Popular Vehicles and Services IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Popular Vehicles and Services Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 640.74, 2022 is 336.69, and 2021 is 324.55.
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