The Popular Vehicles and Services IPO Date Will be Start from March 12, 2024 and closes on March 14, 2024 . Read the post to learn about Popular Vehicles and Services IPO GMP.
Popular Vehicles And Services Limited aims to raise Rs 601.55 crores via an IPO, employing a book erecting strategy. Investors can buy shares within the ₹ 280 to ₹ 295 range. Each operation must have a minimum lot size of 50 shares. Retail investors need to invest at least ₹ 14,750. For those interested in sNII, the entry threshold is set at a minimum of 14 lots, which translates to 700 shares, going ₹ 206,500. Again, bNII requires a larger original investment of 68 lots( 3,400 shares), amounting to ₹ 1,003,000.
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Key Details Of Popular Vehicles & Services IPO:
Bidding Dates
March 12-14
Price Range
₹280 to ₹295 per share
Face Value
₹2 per share
GMP
₹0
Popular Vehicles And Services GMP
The Popular Vehicles IPO GMP Today is ₹0.
Popular Vehicles And Services IPO Overview
The initial public offering( IPO) about to be launched by Popular Vehicles & Services into the request through the Book structure is pegged at Rs 601.55 crore. Popular Vehicles Launch a Dual Offering of New & Offer for trade0.85 crore shares in a New Issue for Rs 250.00 crores. The 1.19 crore shares in the offer for trade for a total size of Rs 351.55 core of Popular Vehicles & Services IPO, where subscription begins on March 12, 2024 and ends on March 14, 2024. Popular Vehicles & Services IPO will launch on March 19, 2024, on BSE and NSE. The individual Allocation process for Popular Vehicles & Services IPO expires on March 15, 2024.
Investors can buy shares of Popular Vehicles and Services within the price range of ₹ 280- ₹ 295. Popular Vehicles IPO GMP Today is ₹ 0. To apply, individualities must hold at least 50 shares per lot. To start investing, retail investors need at least ₹ 14,750. sNII necessitates a minimal investment of 14 lots( 700 shares), with a value of ₹ 206,500, while bNII demands 68 lots( 3,400 shares), totaling ₹1,003,000.
Popular Vehicles & Services IPO Details
| IPO Date | March 12, 2024 to March 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹280 to ₹295 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 20,391,651 shares (aggregating up to ₹601.55 Cr) |
| Fresh Issue | 8,474,576 shares (aggregating up to ₹250.00 Cr) |
| Offer for Sale | 11,917,075 shares of ₹2 (aggregating up to ₹351.55 Cr) |
| Employee Discount | Rs 28 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 62,721,445 |
| Share holding post issue | 71,196,021 |
Popular Vehicles And Services IPO Financials
| 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 | ||||
Popular Vehicles & Services IPO Timeline
| IPO Open Date | Tuesday, March 12, 2024 |
| IPO Close Date | Thursday, March 14, 2024 |
| Basis of Allotment | Friday, March 15, 2024 |
| Initiation of Refunds | Monday, March 18, 2024 |
| Credit of Shares to Demat | Monday, March 18, 2024 |
| Listing Date | Tuesday, March 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 14, 2024 |
Company Profile
Innovated in 1983, Popular Vehicles and Services Limited runs automotive retail outlets throughout India. Popular Vehicles offers a holistic approach to vehicle power, furnishing a range of services from deals of new and habituated vehicles to maintenance, spare parts distribution, driving instruction, and deals assistance for fiscal and insurance products from third- party sources. The company presently operates a vast network that includes 59 showrooms, 126 deals outlets and reserving offices, 31 pre-owned vehicle showrooms and outlets, 134 authorized service centers, 40 retail outlets, and 24
storages spread across 14 sections in Kerala, 8 sections in Karnataka, 12 sections in Tamil Nadu, and 7 sections in Maharashtra. In addition to showrooms, deals outlets and reserving services help to grease deals, while retail stores vend and distribute spare corridor and accessories. In 2023, the establishment serviced 791,360 vehicles – 5,212 luxury, 163,013 marketable, 1,918 electric two- wheelers, and 857 electric three- wheelers – via 130 authorized service centers spread among dealerships. The company’s total income displayed steady growth, with numbers of ₹ 29,192.52 million, ₹ 34,841.99 million, and ₹ 48,926.28 million for Fiscals 2021, 2022, and 2023, independently. As of July 31, 2023, the company employed an aggregate of 10,275 people.
The company’s business may be classified into three sectors
- This includes passenger motorcars,
- marketable vehicles, and
- electric two and three- wheeler vehicles.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Popular Vehicles & Services Limited |
| Phone number | +91 484 2341 134 |
| Email ID | [email protected] |
| Website | popularmaruti.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Popular Vehicles And Services FAQs
When Popular Vehicles & Services IPO will open?
The Popular Vehicles & Services IPO opens on March 12, 2024 and closes on March 14, 2024.
What is the lot size of Popular Vehicles & Services IPO?
Popular Vehicles & Services IPO lot size is 50 Shares, and the minimum amount required is ₹14,750.
When is Popular Vehicles & Services IPO allotment?
The finalization of Basis of Allotment for Popular Vehicles & Services IPO will be done on Friday, March 15, 2024, and the allotted shares will be credited to your demat account by Monday, March 18, 2024.
When is Popular Vehicles & Services IPO listing date?
The Popular Vehicles & Services IPO listing date is not yet announced. The tentative date of Popular Vehicles & Services IPO listing is Tuesday, March 19, 2024.
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