Popular Vehicles & Services Ltd. IPO

Popular Vehicles & Services, a leading Indian diversified auto dealer, offers a complete car ownership experience. They cover the entire life cycle, from selling new passenger and commercial vehicles (including electric two-wheelers and three-wheelers) to servicing, spare parts, pre-owned cars, driving schools, and financing. Established in 1984, they hold dealerships for renowned brands like Maruti Suzuki, Honda, Jaguar Land Rover, Tata Motors, and Ather Energy. With a fully integrated business model and presence across various segments, Popular Vehicles & Services caters to diverse customer needs in the Indian automobile market.

RHP
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DRHP
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Open Date

2024-03-12

Close Date

2024-03-14

Popular Vehicles & Services Ltd. IPO Details

Check out the issue details for Popular Vehicles & Services Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 295

Price Band

₹ 280 - 295

Issue Size

601.55 Cr.

Issue Type

Book Built

Open

2024-03-12

Close

2024-03-14

Listingprice

₹ 289.2

ListingGain

-1.97%

Listing Date

2024-03-19

CMP

₹ 163.31

Current Return

-44.64%

Popular Vehicles & Services Ltd. News

Popular Vehicles and Services informs about analyst meet16 Dec, 3:33PM Popular Vehicles gets nod to establish NEXA workshop in Kerala3 Dec, 12:21PM Popular Vehicles and Services informs about newspaper publication 14 Nov, 2:40PM Popular Vehicles’ arm inaugurates new service workshop in Maharashtra27 Aug, 4:25PM Popular Vehicles and Services informs about transcript of investor call21 Aug, 5:31PM Popular Vehicles and Services informs about disclosure17 Aug, 2:41PM Popular Vehicles & Services - Quaterly Results13 Aug, 6:27PM Popular Vehicles & Services - Quaterly Results13 Aug, 6:27PM Popular Vehicles and Services submits board meeting intimation6 Aug, 1:08PM Popular Vehicles and Services informs about business update18 Jul, 9:53AM Popular Vehicles and Services informs about disclosure22 Jun, 12:08PM Popular Vehicles & Services - Quaterly Results28 May, 8:23PM Popular Vehicles and Services informs about conference call24 May, 12:22PM Popular Vehicles and Services informs about monitoring agency report14 May, 12:41PM Popular Vehicles and Services informs about disclosure 20 Apr, 2:27PM Popular Vehicles and Services informs about disclosure20 Apr, 9:58AM Popular Vehicles & Services - Quaterly Results8 Apr, 1:51PM Popular Vehicles & Services - Quaterly Results8 Apr, 1:51PM Popular Vehicles & Services - Quaterly Results8 Apr, 1:51PM Popular Vehicles and Services informs about disclosure 20 Mar, 12:51PM

Company Financials

You can get the following financial statements of Popular Vehicles & Services Ltd. as of now.

Exchange

NSE: PVSL BSE: 544144

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Popular Vehicles & Services Limited IPO is as:

  • The issue size of the IPO is 601.55 Cr.
  • The price band for Popular Vehicles & Services Limited IPO is Rs 280 to Rs 295.
  • The shares of Popular Vehicles & Services Limited IPO will list on 19th March 2024.
  • The latest tentative GMP of Popular Vehicles & Services Limited IPO is Rs 0.
  • The employees of the company to get a discount of Rs 28 per share in IPO. 
  • The shares of Popular Vehicles & Services Limited IPO is subscribed 1.25 Times as of 14th March 2024.

 

Popular Vehicles & Services Limited IPO Valuation

The approx valuation of Popular Vehicles & Services Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 295
Existing Shares (Qty) 6.27 Cr
Fresh Issue 250 Cr
Market Cap 2099.65 Cr
EPS (FY23) Rs 10.22
PE Ratio 28.86x
Industry PE 34.84x

 

Popular Vehicles & Services Limited IPO Issue Size

Popular Vehicles & Services Limited IPO issue size is 601.55 Cr. 

Issue Amount
Fresh Issue 250 Cr
Offer For Sale 351.55 Cr

 

Popular Vehicles & Services Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 50 shares and a maximum of 13 lots of 650 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 50 14,750
 Maximum 13 650 1,91,750

 

Popular Vehicles & Services Limited IPO share offer

The shares of Popular Vehicles & Services Limited IPO is subscribed 1.25 Times as of 14th March 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 1.92 Times
Non-Institutional Minimum 15% 0.67 Times
Retail Individual Minimum 35% 1.07 Times
Employee 37,453 Shares 8.04 Times
Total   1.25 Times

Find below the dates for Popular Vehicles & Services Limited IPO:

Schedule Date
Basis of Allotment 15 March 2024
Refunds 18 March 2024
Credit to Demat Account 18 March 2024
IPO Listing Date 19 March 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1839.24 1691.69 1865.53 2513.57 2643.82
Total Expenditure 1782.28 1607.55 1783.32 2396.05 2526.51
Operating Profit 56.96 84.14 82.21 117.52 117.31
Other Income 5.47 12.57 12.08 12.14 17.77
Interest 43 35.26 38.93 45.12 57.41
Depreciation 35.78 39.22 41.64 45.53 48.5
Exceptional Items 26.13 0 0 0 1.61
Profit Before Tax 9.78 22.23 13.72 39.01 30.78
Provision for Tax -3.67 6.38 6.74 9.67 4.96
Net Profit 13.45 15.85 6.98 29.34 25.82
Adjusted EPS (Rs.) 0.21 0.25 0.11 0.47 0.36

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 12.54 12.54 12.54 12.54 14.24
Total Reserves 168.96 184.18 191.53 220.09 478.19
Borrowings 28.64 67.34 60.27 59.11 4.07
Other N/C liabilities 166.57 183.44 259.19 241.17 286.41
Current liabilities 388.09 248.55 290.64 308.67 428.07
Total Liabilities 764.81 696.05 814.18 841.58 1210.98
Assets
Net Block 285.26 287.78 385.01 386.64 427.11
Capital WIP 23.22 16.12 12 5.47 12.98
Intangible WIP 0 0 0 0.24 0.4
Investments 61 62.01 60.76 92.6 93.85
Loans & Advances 42.55 21.25 29.81 32.81 156.25
Other N/C Assets 2.93 12.24 12.43 10.41 13.65
Current Assets 349.85 296.65 314.17 313.4 506.74
Total Assets 764.81 696.05 814.18 841.58 1210.98
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 6.55 5.11 6.36 8.7
Profit Before Tax 5.31 7.59 -0.43 4.29
Tax 1.24 -0.09 -0.06 1.05
Profit After Tax 4.07 7.68 -0.37 3.24
Adjusted EPS (Rs) 0.65 1.08 -0.05 0.45

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 61.18 0
Jun 2024 61.18 0
Mar 2024 61.18 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -16.35 22.23 13.72 39.01 29.17
Adjustment 74.77 64.06 71.21 86.39 93.03
Changes in Assets & Liabilities 92.74 -12.39 -50.39 -25.03 2.76
Tax Paid -4.61 1.31 -7.23 -14.83 -10.28
Operating Cash Flow 146.56 75.21 27.31 85.54 114.68
Investing Cash Flow -27.96 2.08 -26.89 -56.65 -175.71
Financing Cash Flow -116.01 -56.05 -30.72 -29.58 88.6
Net Cash Flow 2.59 21.24 -30.3 -0.7 27.56
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