Popular Vehicles & Services Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹280 - ₹295
- Lot size
- 50 shares
- Issue amount
- ₹601.55 cr
- Total subscription
- 1.24×
- Opens
- 12 Mar 2024
- Closes
- 14 Mar 2024
- Allotment
- 15 Mar 2024
- Listing
- 19 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 2,03,91,651 shares
- Face value
- ₹2 Per Equity Share
- Minimum investment
- ₹14,000
- Fresh issue
- ₹250 cr
- Offer for sale
- ₹351.55 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,750
- Issue type
- Book Built Issue IPO
- Shares before issue
- 6,27,21,445
- Shares after issue
- 7,11,96,021
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 50 | ₹14,750 |
| sHNI | 14 | 700 | ₹2,06,500 |
| bHNI | 68 | 3,400 | ₹10,03,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 120.09 | 230.4 |
| RETAIL | 210.16 | 224.55 |
| NIB | 90.07 | 60.56 |
| HNIs 2+ | 30.02 | 20.43 |
| HNIs 10+ | 60.04 | 40.13 |
| EMPLOYEES | 1.1 | 8.83 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.38 | 10.22 | 5.37 |
| ROE | 10.42 | 18.68 | 12.03 |
| ROCE | 8.83 | 18.32 | 16.79 |
| RONW | 10.42 | 18.68 | 12.03 |
| PRE IPO(PE) | 4.82 | 0 | 0 |
| POST IPO(PE) | 28.88 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Strengthening OEM Partnerships: Expanding collaborations with existing OEMs and diversifying client portfolios can reduce dependency on a few key customers.
- Leveraging Data-Driven Marketing: Using advanced analytics and digital strategies can enhance market penetration and customer engagement.
- Enhancing Supply Chain Efficiency: Further integrating automation and lean manufacturing practices can optimize operations and cost structures.
- Strategic M&A for Expansion: Identifying potential acquisitions or joint ventures can accelerate both organic and inorganic growth.
Risk factors
- Diversification of Revenue Streams: Expanding beyond OEM-dependent sales by exploring new product lines, aftermarket services, or digital automotive solutions.
- Geographical Expansion: Reducing regional concentration risk by entering new markets, both domestically and internationally, to spread operational exposure.
- Adaptation to Industry Shifts: Investing in EV infrastructure, digital retailing, and emerging automotive trends to stay ahead of market transformations.
- Strengthening Financial Resilience: Developing a robust financial strategy to manage economic downturns, such as optimizing cost structures and maintaining liquidity buffers.
Promoters
John K. Paul
Francis K. Paul
Naveen Philip
Registrar & documents
Lead manager
ICICI Securities Limited, Nuvama Wealth Management Limited, Centrum Capital Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Kuttukaran Centre, Mamangalam, Cochin Ernakulam 682 025
+91 484 2341 134
[email protected]Company website ↗Understanding PVSL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.