Popular Vehicles & Services IPO - Check Open/Close Date, IPO Price, Lot Size, Analysis Details

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO is 50 shares per lot .

IPO Details

Bidding Dates

12 Mar '24 - 14 Mar '24

Minimum Investment

₹ 14,750 / 1 Lot ( 50 Shares )

Price Range

₹280 - ₹295

Maximum Investment

₹ 191,750 / 13 Lots ( 650 Shares )

Retail Discount

Not Applicable

Issue Size

₹601.55 Cr.

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

Popular Vehicles and Services IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 12, 24

Closing Date

Mar 14, 24

Basis of Allotment

Mar 15, 24

Initiation of Refunds

Mar 18, 24

Credit of Shares to Demat

Mar 18, 24

Listing Date

Mar 19, 24

Cut-off time for UPI mandate confirmation

Mar 14, 24

Popular Vehicles and Services IPO Subscription Details

Date	QIB	NII	Retail	EMP	Total
Day 1Mar 11, 2024	0.00x	0.12x	0.50x	4.25x	0.28x
Day 2Mar 12, 2024	0.00x	0.21x	0.80x	6.62x	0.46x
Day 3Mar 13, 2024	1.92x	0.67x	1.07x	7.99x	1.24x

Popular Vehicles and Services IPO Subscription Status Live

Investor Category	Subscription (Times)
Qualified Institutional Buyers	1.99
Non-Institutional Buyers	0.67
Retail Investors	1.07
Employees	7.99
Total	1.24

About Company

Popular Vehicles is one of the top diversified car dealerships in the nation. They are present throughout the whole automotive retail chain, including the sale of new cars and trucks as well as commercial vehicles, the distribution of spare parts, and third-party financial and insurance services. Additionally, they have dealerships for Maruti Suzuki, Honda, and Jaguar passenger cars as well as the Tata Motors Ltd. commercial vehicle business.

They offer an impressive network of 83 authorised repair facilities, 29 retail outlets, 25 warehouses, 59 showrooms, 99 sales outlets, and booking offices. These are spread out throughout 14 districts in Tamil Nadu and Kerala. The two states that contribute most to the national sales of passenger vehicles are Kerala and Tamil Nadu. Four business segments—passenger automobiles, luxury cars, commercial vehicles, and others—have been established by the corporation.

After the fall in demand in the auto industry during COVID-19, the industry has started to recover again. Sales of automobiles increased by 20% in FY 2023, from 18.5 million units in FY 2022 to 22.1 million units. In this scenario, car dealerships like Popular Vehicles and Services can expect to see a period of expansion in the coming years.

Popular Vehicles and Services Ltd IPO Details

Popular Vehicles and Services Ltd IPO Dates

The dates for bidding for the Popular Vehicles and Services IPO are March 12, 2024, to March 14, 2024.

Popular Vehicles and Services Ltd IPO Price Band

Popular Vehicles and Services is a book-built IPO. The price range is ₹280 to ₹295 per share.

Popular Vehicles and Services Ltd IPO Lot Size

The Popular Vehicles and Services Ltd IPO lot size is 50 shares per lot.

Popular Vehicles and Services Ltd IPO Objectives:

The proceeds from the fresh issue will be used for:

Repayment and/or pre-payment, in full or part, of certain borrowings, including working capital loans, availed by the company and PAPL, PMMPL and VMPL, i.e. its subsidiaries.
General corporate purposes.

Peer Details

There is only one listed peer company of Popular Vehicles and Services in India, which is Landmark Cars Limited.

How To Check the Allotment Status of the Popular Vehicles and Services Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Popular Vehicles and Services Ltd

Registered office: Kuttukaran Centre, Mamangalam, Cochin, Ernakulam 682 025, Kerala, India.

Phone: +91 484 2341 134

E-mail: cs@popularv.com

IPO Financials

Particulars (In Rs cr)	FY21	FY20	FY19
Total Income	48,926.28	34,841.99	29,192.52
Profit (Loss) for the Year	640.74	336.69	324.55
Debt-Equity Ratio	1.47	1.33	1.44
Return on Capital Employed	18.32%	16.79%	17.09%

Know before investing

Strengths

They have a stronghold in the market, and extremely creative marketing tactics support this.
The company provides fully integrated services and repairs, which increases revenue and promotes the stability of the business.
They are present throughout the full car ownership life cycle, which results in a greater customer retention rate and offers the business a variety of revenue streams.

Risks

The sector is very vulnerable to abrupt changes in the national economy, which could have a materially negative impact on the operations and financials of the company.
The ties the company has with the OEMs with whom it has dealership agreements are absolutely essential to the company's commercial operations. Any problems there can disrupt the revenues.
The business is heavily focused on India's southern region.