Company Name | Popular Vehicles & Services Limited |
Open Date | 12-03-2024 |
Close Date | 14-03-2024 |
Exchange | BSE, NSE |
Lot Size | 50 Shares |
Issue Price | ₹280 to ₹295 per share |
Issue Size | 2,03,91,651 shares |
Application Amount | Min. Inv. - ₹ 14,750 (50 shares) Max. Inv. – ₹ 1,91,750 (650 shares) |
Recommendation | Apply |
Popular Vehicles & Services Limited was originally incorporated in the year 1983 and has its registered office in Ernakulam, Kerala, India. The company is in the business of automobiledealership in India. Company caters to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, to facilitating sale and exchange of pre-owned vehicles, operating driving schools and facilitating the sale of third-party financial and insurance products. Company categorises its automobile dealership business into three key segments, namely, (a) passenger vehicles including luxury vehicles, (b) commercial vehicles and (c) electric two-wheeler and three-wheeler vehicles. As of September 30th, 2023, the Company had 3,303 employees on its payroll.
For the Period Ended | Mar-21 | Mar-22 | Mar-23 | Sep-23 |
Total Assets | 1,118.94 | 1,263.29 | 1,503.78 | 1,503.78 |
Net Assets | 246.00 | 279.89 | 343.04 | 384.21 |
Total Borrowings | 353.04 | 371.91 | 505.01 | 764.61 |
Total Revenue | 2,919.25 | 3,484.20 | 4,892.63 | 2,848.21 |
Profit After Tax | 32.46 | 33.67 | 64.07 | 40.04 |
Opening Date | 12/03/2024 |
Closing Date | 14-03-2024 |
Basis of Allotment | 15-03-2024 |
Initiation of Refunds | 18-03-2024 |
Credit of Shares to Demat | 18-03-2024 |
Listing Date | 19-03-2024 |
Repayment and/or pre-payment, in full or part, of certain borrowings, availed by the company and certain of the subsidiaries, namely, VMPL, PAWL, PMMIL, KGPL, KCPL and PMPL. |
Electric two-wheeler and three-wheeler vehicles. |
Registered Office | Popular Vehicles & Services Limited Kuttukaran Centre Mamangalam, Cochin Ernakulam 682 025 |
Phone | +91 484 2341 134 |
cs@popularv.com | |
Website | https://www.popularmaruti.com/ |
Name | Link Intime India Private Ltd |
Phone | +91-22-4918 6270 |
popularvehicles.ipo@linkintime.co.in | |
Website | https://linkintime.co.in/initial_offer/public-issues.html |
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Share Holding Pre Issue (Promoters) | 69.45% |
Share Holding Post Issue (Promoters) | 61.18% |