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

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

₹ 250.9

Current Return

-14.95%

Company Financials

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

Subscription Details

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

Allotment Details

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 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 2252.52 1839.24 1691.69 1865.53 2513.57
Total Expenditure 2207.18 1782.28 1607.55 1783.32 2396.05
Operating Profit 45.34 56.96 84.14 82.21 117.52
Other Income 12.88 5.47 12.57 12.08 12.14
Interest 23.41 43 35.26 38.93 45.12
Depreciation 15.85 35.78 39.22 41.64 45.53
Exceptional Items 0 26.13 0 0 0
Profit Before Tax 18.96 9.78 22.23 13.72 39.01
Provision for Tax 6.68 -3.67 6.38 6.74 9.67
Net Profit 12.28 13.45 15.85 6.98 29.34
Adjusted EPS (Rs.) 0.2 0.21 0.25 0.11 0.47

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 12.54 12.54 12.54 12.54 12.54
Total Reserves 169.76 168.96 184.18 191.53 220.09
Borrowings 22.46 28.64 67.34 60.27 59.11
Other N/C liabilities 14.69 166.57 183.44 259.19 241.17
Current liabilities 361.78 388.09 248.55 290.64 308.67
Total Liabilities 581.22 764.81 696.05 814.18 841.58
Assets
Net Block 132.33 285.26 287.78 385.01 386.64
Capital WIP 27.62 23.22 16.12 12 5.47
Intangible WIP 0 0 0 0 0.24
Investments 49.8 61 62.01 60.76 92.6
Loans & Advances 27.78 42.55 21.25 29.81 32.81
Other N/C Assets 2.82 2.93 12.24 12.43 10.41
Current Assets 340.87 349.85 296.65 314.17 313.4
Total Assets 581.22 764.81 696.05 814.18 841.58
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 6.55
Profit Before Tax 5.31
Tax 1.24
Profit After Tax 4.07
Adjusted EPS (Rs) 0.65

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 18.96 -16.35 22.23 13.72 39.01
Adjustment 26.92 74.77 64.06 71.21 84.99
Changes in Assets & Liabilities -110.86 92.74 -12.39 -50.39 -23.63
Tax Paid -7.78 -4.61 1.31 -7.23 -14.83
Operating Cash Flow -72.75 146.56 75.21 27.31 85.54
Investing Cash Flow -37.03 -27.96 2.08 -26.89 -56.65
Financing Cash Flow 100.31 -116.01 -56.05 -30.72 -29.58
Net Cash Flow -9.48 2.59 21.24 -30.3 -0.7
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