Popular Vehicles and Services Limited

  • Minimum Investment
    ₹14,000
  • Price Range
    ₹280 - ₹295
  • Issue Size
    ₹601.55 Cr
  • Lot Size
    50 shares

Key Highlights

Popular Vehicles and Services Limited-highlight
Popular Vehicles and Services Limited-highlight
Popular Vehicles and Services Limited-highlight
Popular Vehicles and Services Limited-highlight
Popular Vehicles and Services Limited-highlight
Popular Vehicles and Services Limited-highlight
Popular Vehicles and Services Limited-highlight

Proceeds of this IPO to be used for

Repayment and/or pre-payment, in full or part, of certain borrowings, availed by the company and certain of the subsidiaries

General corporate purpose

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of Popular Vehicles and Services Limited

Long standing presence

The company has a longstanding presence in the automobile industry and well-established relationships with leading OEMs

Market penetration

The company has significant market penetration in the regions where it operates, supported by innovative marketing strategies. Its network includes 29 showrooms and 85 sales outlets and booking offices for the sale of new passenger vehicles, 21 showrooms and 36 sales outlets and booking offices for the sale of commercial vehicles, 81 authorized service centers for servicing and repair of passenger vehicles, and 44 authorized service centers for servicing and repair of commercial vehicles. Additionally, it has 9 dedicated showrooms and 22 sales outlets and booking offices for the sale of pre-owned passenger vehicles

Fully integrated business model

The company boasts diversified automobile dealerships and a fully integrated business model, contributing to its status as a leading player in the automobile dealership sector

Dependent on few states

A large portion of the company's business operations are concentrated in the states of Kerala, Tamil Nadu, and Karnataka. Any adverse developments in these states could negatively affect the business

Increasing competition

Increasing competition among automotive dealerships through both online and offline marketing is reducing profit margins on vehicle sales and related businesses

Outstanding legal proceedings

There are outstanding legal proceedings involving the company, its subsidiaries, promoters, and directors. Adverse outcomes in such proceedings may negatively impact the business

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

No Data

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
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Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Popular Vehicles and Services Limited

Popular Vehicles & Services was incorporated on July 5, 1983. The company operates passenger vehicle dealerships covering economy, premium, and luxury vehicles across its dealerships for the following OEMs: Maruti Suzuki India, Honda Cars India, Jaguar Land Rover India, as well as commercial vehicle dealerships of Tata Motors and Daimler India Commercial Vehicles, an electric three-wheeler vehicle dealership of Piaggio Vehicles, and an electric two-wheeler vehicle dealership of Ather Energy.
  • Promoter
    John K Paul
  • Promoter
    Francis K Paul
  • Promoter
    Naveen Philip

Popular Vehicles and Services Limited IPO FAQs

What is Popular Vehicles and Services Limited IPO?

Popular Vehicles and Services Limited IPO refers to the initial public offering of shares by Popular Vehicles and Services Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of Popular Vehicles and Services Limited IPO?

For Popular Vehicles and Services Limited IPO the issue size is ₹602 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Popular Vehicles and Services Limited IPO?

For Popular Vehicles and Services Limited IPO the minimum investment is ₹14,000. The minimum investment for Popular Vehicles and Services Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Popular Vehicles and Services Limited IPO?

For Popular Vehicles and Services Limited IPO the lot size is 50 shares. The lot size of Popular Vehicles and Services Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Popular Vehicles and Services Limited IPO on Share.Market?

To apply for Popular Vehicles and Services Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Popular Vehicles and Services Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Popular Vehicles and Services Limited IPO?

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Popular Vehicles and Services Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Popular Vehicles and Services Limited IPO?

For Popular Vehicles and Services Limited IPO the allotment date is March 15, 2024. The allotment date of Popular Vehicles and Services Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of Popular Vehicles and Services Limited IPO?

For Popular Vehicles and Services Limited IPO, the subscription opens on March 12, 2024 and closes on March 14, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
1.23x Oversubscribed