Popular Vehicles and Services IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Popular Vehicles and Services IPO release date, IPO offer price, subscription, Popular Vehicles and Services Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 1,500 Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Popular Vehicles and Services IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Popular Vehicles and Services IPO – Summary
They are a leading diversified automotive dealership in India in terms of revenue, with a presence across the automotive retail value chain.
It includes the sale of new passenger and commercial vehicles, services and repairs, spare parts distribution, sale of pre-owned passenger vehicles, and facilitation of the sale of third-party financial and insurance products.
They operate passenger vehicle dealerships of Maruti Suzuki India Limited (“Maruti Suzuki”), Honda Cars India Limited (“Honda”) and Jaguar Land Rover India Limited (“JLR”) and the commercial vehicle dealership of Tata Motors Limited (“Tata Motors (Commercial)”).
The Promoter of this company is JOHN K. PAUL, FRANCIS K. PAUL, AND NAVEEN PHILIP.
The lead manager to the issue is Axis Capital Limited, DAM Capital Advisors Limited, and Centrum Capital Limited, and the Registrar to this issue is Link Intime India Private Limited.
Popular Vehicles and Services IPO Date
The opening and the closing date of Popular Vehicles and Services IPO are not available yet.
Check out Related IPO Links:
| Popular Vehicles and Services IPO GMP |
| Popular Vehicles and Services IPO Allotment |
Popular Vehicles and Services IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Popular Vehicles and Services IPO LIVE Subscription
- Popular Vehicles and Services IPO LIVE Bid details on BSE
- Popular Vehicles and Services IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Popular Vehicles and Services IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders.
However, the Allotment Status is not yet disclosed.
Popular Vehicles IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Popular Vehicles IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Popular Vehicles and Services IPO Equity Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Popular Vehicles and Services IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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Popular Vehicles IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Popular Vehicles and Services Share Price |
Popular Vehicles & Services IPO Grey Market Premium
The Popular Vehicles and Services Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Popular Vehicles & Services IPO – Company Overview
They are the sixth largest passenger vehicle dealership for Maruti Suzuki, the fifth largest passenger dealership for JLR, the sixth largest passenger vehicle dealership for Honda, and the third-largest commercial vehicle dealership group for Tata Motors (Commercial), in terms of sales by volume, across India as of March 31, 2021.
Their Company categorizes its business into four key segments, namely passenger cars, luxury vehicles, commercial vehicles, and others, as per the “Management approach” defined in Ind AS 108, which contributed to consolidated revenues of ₹ 19,262.73 million, ₹ 1,442.00 million, ₹ 6,906.66 million and ₹ 1,323.86 million, respectively, during FY 2021.
Their key business verticals comprise new passenger vehicle sales, new commercial vehicles sales, services and repair, sale of pre-owned passenger vehicles, spare parts distribution, facilitation of the sale of third-party financial and insurance products.
Popular Vehicles IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 11,189.36 | 11,311.57 | 12,116.37 |
| *Total Revenue | 29,192.52 | 31,804.56 | 39,163.39 |
| Total Expense | 28,720.00 | 31,985.87 | 38,846.85 |
| Profit After Tax | 324.55 | 124.91 | 213.74 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 25.88 | 9.96 | 17.42 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 324.55 Million, Rs. 124.91 Million, and Rs. 213.74 Million respectively.
Popular Vehicles IPO – Promoters
The Promoter of this company is:
- JOHN K. PAUL, FRANCIS K. PAUL AND NAVEEN PHILIP
List of Related Parties (Key Managerial Personnel)
- Jacob Kurian, Chairman, and Non-Executive Independent Director
- John Kuttukaran Paul, Managing Director
- Francis Kuttukaran Paul, Whole-time Director
- Naveen Philip, Non-Executive Director
- Preeti Reddy, Non-Executive Independent Director
- George Joseph, Non-Executive Independent Director
Popular Vehicles IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Popular Vehicles IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 12,544,289 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Popular Vehicles IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment and/or pre-payment, in full or part, of certain borrowings, including working capital loans, availed by their Company and PAPL, PMMPL and VMPL, their Subsidiaries; and
2. General corporate purposes
Popular Vehicles and Services – Business Strategy
- The sustained growth of their higher-margin services and repair business, sale of pre-owned passenger vehicles, and facilitation of the sale of third-party financial products
- Continue to increase sales at their existing dealerships
- Expansion of their network and diversification of their product portfolio
- Grow through strategic acquisitions
- Increase their digital presence
Popular Vehicles 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:
- Strong capabilities in high volume and high margin services and repair offerings leading to business stability;
- A long-standing presence in the automotive industry and established relationships with leading OEMs;
- Deep penetration in markets in which they operate complemented by innovative marketing strategies;
- Strong presence in pre-owned passenger vehicle sales segment contributing to higher-margin growth;
- Presence across the complete life cycle of vehicle ownership leading to greater customer retention and diversified revenue streams;
- Sustained financial performance and increasing profitability;
- Proven ability to identify and capture inorganic as well as organic growth opportunities; and
- Experienced promoters and management team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 25.88 | 13.19 | 196.17 |
| 31-Mar-20 | 9.96 | 5.87 | – |
| Mar-19 | 17.42 | 10.80 | – |
Popular IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Popular Vehicles and Services Limited | 10 | [●] | 25.88 | 13.19 | 29,192.52 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Popular IPO Lead Managers
| Lead Managers |
|
Axis Capital Limited DAM Capital Advisors Limited Centrum Capital Limited |
Popular IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 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 – Axis Bank Limited, State Bank of India, The Federal Bank Limited, and ICICI Bank Limited
Popular Vehicles and Services IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Popular Vehicles and Services Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Popular Vehicles and Services IPO Review FAQs
Ques – What is the Issue Size of Popular Vehicles IPO?
Answer – 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.
Ques – What is the Price band of Popular Vehicles IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Popular Vehicles and Services IPO Open Date?
Answer – 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.
Ques – What is the Popular Vehicles IPO Allotment Date?
Answer – 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.
Ques – What is the Popular Vehicles and Services IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Popular Vehicles and Services IPO?
Answer – 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.
Ques – Who is the Promoter of Popular Vehicles and Services IPO?
Answer – 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.
Ques – What is the GMP of Popular Vehicles and Services IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Popular Vehicles and Services IPO good for Investment?
Answer – 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.
Ques – What is the PAT of Popular Vehicles and Services Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 324.55, 2020 is 124.91, 2019 is 213.74.
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