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Popular Vehicles and Services Ltd. IPO
Popular Vehicles and Services Ltd., established in 1983, operates in the Auto - Dealers/Servicing sector. The company's IPO opened on March 12, 2024 and closed on March 14, 2024, with an issue price ... Read more
IPO Timeline
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12 Mar 2024Bidding Starts
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14 Mar 2024Bidding Ends
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15 Mar 2024Allotment Finalization
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19 Mar 2024Listing
About Popular Vehicles and Services Ltd.
We are a diversified automobile dealership in India in terms of revenue for Fiscal 2023, (Source: CRISIL Report), having a fully integrated business model. We cater to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing ... Read more
Popular Vehicles and Services Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 61,07,326 (29.95%) |
| Employee Reserved | 33,898 (0.17%) |
| Non Institutional Investors | 30,53,663 (14.98%) |
| Qualified Institutional Buyers (QIBs) | 40,71,550 (19.97%) |
| Retail Individual Investors (RIIs) | 71,25,214 (34.94%) |
Popular Vehicles and Services Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2024 | 2,661.60 Cr | 24.21 Cr | 478.19 Cr |
| 31 Mar 2023 | 2,525.71 Cr | 29.34 Cr | 220.09 Cr |
| 31 Mar 2022 | 1,877.62 Cr | 6.98 Cr | 191.53 Cr |
Popular Vehicles and Services Ltd. Background
Our Company was originally incorporated as Popular Vehicles and Services Limited on July 5, 1983 at Kochi, Ernakulam, Kerala, India as a public limited company under the Companies Act, 1956 and received its certificate for commencement of business on July 14, 1983, issued by RoC. Our Company was ...
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1984Our Company commenced automobile dealership business with setting up their first Maruti Suzuki showroom in Trivandrum, Kerala
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1997Our Subsidiary, PMMIL commenced its first dealership in Kerala for Tata commercial vehicles
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2002Our Company commenced the ‘Popular Motors’ dealership in Chennai, Tamil Nadu, for Maruti Suzuki passenger vehicles
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2005Our Subsidiary, PADL commenced spare parts distribution business in Kerala
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2006Our Subsidiary, PMMIL commenced the ‘Popular Motors’ dealership in Tamil Nadu for Tata Motors (Commercial) commercial vehicles
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2008Our step-down Subsidiary, VMPL commenced our ‘Vision Motors’ dealership in Kottayam, Kerala for Honda passenger vehicles
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2015Investment by BanyanTree in our Company
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2021Our Subsidiary, KGPL, entered into a dealership agreement with Piaggio Vehicles Private Limited to operate dealerships for three-wheeler electric vehicles in Ernakulam
Our Subsidiary, KCPL, entered into a letter of intent with Ather Energy Private Limited to operate the two-wheeler electric vehicles dealership in Trivandrum
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2022Our Subsidiary KCPL, entered into a letter of intent with Ather Energy Private Limited to operate the two-wheeler electric vehicles dealership in Nagercoil, Tamil Nadu
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2023Our step-down Subsidiary PMPL*, entered into a slump sale agreement to acquire BharatBenz dealership business in Maharashtra
Our Company received an in-principle approval for Maruti Suzuki dealership (Arena Channel) at Bangalore, Karnataka
1. Repayment and/or pre-payment, in full or part, of certain borrowings, availed by our Company and certain of our Subsidiaries, namely, PAWL, PMMIL, KGPL, KCPL and PMPL
2. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 295.00 | ₹ 295.00 |
| Open | ₹ 292.00 | ₹ 289.20 |
| Low | ₹ 262.90 | ₹ 262.40 |
| High | ₹ 292.00 | ₹ 289.20 |
| Last Trade | ₹ 276.25 | ₹ 276.15 |
1. John K. Paul
2. Francis K. Paul
3. Naveen Philip
The automobile industry is one of the primary contributors to the Indian economy. Its contribution to India’s GDP has increased from 2.80% in fiscal 1993 to approximately 7.10% currently. India is one of the largest auto markets in the world, with annual domestic sales of over 20 million ... Read more
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2. General corporate purposes
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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