Popular Vehicles & Services Limited

Company Profile
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.

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Financial Summary in Cr.

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

Tentative Timeline

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

Objects of the Issue

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.

Contact Information

Registered Office Popular Vehicles & Services Limited Kuttukaran Centre Mamangalam, Cochin Ernakulam 682 025
Phone +91 484 2341 134
Email cs@popularv.com
Website https://www.popularmaruti.com/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email popularvehicles.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

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

Shareholding Pattern

Share Holding Pre Issue (Promoters) 69.45%
Share Holding Post Issue (Promoters) 61.18%

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