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Popular Vehicles & Services Limited IPO

Popular Vehicles & Services Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 289.20 (-1.97%)

Popular Vehicles & Services Limited's successfully completed its Initial Public Offering and commenced trading on 19-03-2024 at the NSE, BSE exchange. The company raised 2,03,91,651 Shares through this public offering, comprising 84,74,576 Shares in fresh capital and ₹351.55 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹280 to ₹295, with minimum application lots of 50 shares. The offering attracted significant investor interest during its subscription period from 12-03-2024 to 14-03-2024.

Share allotment was finalized on 15-03-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Popular Vehicles IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Popular Vehicles IPO Key Performance Indicator
Company Financials ( in ₹ Crore )

Popular Vehicles IPO About Company

Popular Vehicles and Services Limited, founded in 1983, is a leading automobile dealership in India, providing a comprehensive range of sales and after-sales services. With an extensive network of 59 showrooms, 126 sales outlets, 31 pre-owned vehicle showrooms, and 134 authorized service centers, the company operates across Kerala, Karnataka, Tamil Nadu, and Maharashtra. Beyond vehicle sales, it offers servicing, spare parts distribution, and financial and insurance products. In FY 2023, Popular Vehicles serviced over 791,000 vehicles, underscoring its customer-centric approach. With PAT growth from ₹324.55 million in FY 2021 to ₹640.74 million in FY 2023, the company continues its strong trajectory in the Indian automotive sector.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Popular Vehicles IPO Strength Factors

  1. Strengthening OEM Partnerships: Expanding collaborations with existing OEMs and diversifying client portfolios can reduce dependency on a few key customers.
  2. Leveraging Data-Driven Marketing: Using advanced analytics and digital strategies can enhance market penetration and customer engagement.
  3. Enhancing Supply Chain Efficiency: Further integrating automation and lean manufacturing practices can optimize operations and cost structures.
  4. Strategic M&A for Expansion: Identifying potential acquisitions or joint ventures can accelerate both organic and inorganic growth.

Popular Vehicles IPO Risk Factors

  1. Diversification of Revenue Streams: Expanding beyond OEM-dependent sales by exploring new product lines, aftermarket services, or digital automotive solutions.
  2. Geographical Expansion: Reducing regional concentration risk by entering new markets, both domestically and internationally, to spread operational exposure.
  3. Adaptation to Industry Shifts: Investing in EV infrastructure, digital retailing, and emerging automotive trends to stay ahead of market transformations.
  4. Strengthening Financial Resilience: Developing a robust financial strategy to manage economic downturns, such as optimizing cost structures and maintaining liquidity buffers.

Popular Vehicles IPO Lead Manager(s)

  • ICICI Securities Limited
  • Nuvama Wealth Management Limited
  • Centrum Capital Limited

Popular Vehicles IPO Promoter(s)

  1. John K. Paul
  2. Francis K. Paul
  3. Naveen Philip

Popular Vehicles IPO Company Details

Popular Vehicles & Services Limited
Phone:
address:

Popular Vehicles IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Popular Vehicles IPO FAQs