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.

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

₹ 131.4

Current Return

-55.46%

Popular Vehicles & Services Ltd. News

Popular Vehicles and Services informs about press release28 Oct 2025, 5:27PM Popular Vehicles & Services receives LOI to establish NEXA workshop in Kerala28 Oct 2025, 4:59PM Popular Vehicles and Services informs about business updates17 Oct 2025, 3:09PM Popular Vehicles & services gets nod to acquire business of R.K.S. Motor8 Oct 2025, 3:47PM Popular Vehicles & Services gets nod to acquire existing authorised dealership in Telangana30 Aug 2025, 2:51PM Popular Vehicles & Services’ arm to acquire Globe CV’s BharatBenz dealership operations in Punjab21 Aug 2025, 11:30AM Popular Vehicles and Services informs about audio recording of investor call18 Aug 2025, 5:11PM Popular Vehicles - Quaterly Results14 Aug 2025, 5:37PM Popular Vehicles - Quaterly Results14 Aug 2025, 5:37PM Popular Vehicles & Services’ arm receives LoIs for setting up Ather facilities in Bangalore 9 Aug 2025, 11:05AM Popular Vehicles & Services’ arm gets LoI to set up Ather facilities in Chennai11 Jul 2025, 10:30AM Popular Vehicles and Services informs about analyst meet4 Jul 2025, 4:42PM Popular Vehicles’ arm gets LoI to establish eight 3S facilities for BharatBenz in Punjab18 Jun 2025, 10:09AM Popular Vehicles & Services gets LoI from Maruti Suzuki India 11 Jun 2025, 11:44AM Popular Vehicles - Quaterly Results29 May 2025, 7:37PM Popular Vehicles - Quaterly Results29 May 2025, 7:37PM Popular Vehicles and Services informs about non-applicability of large corporate 28 Apr 2025, 2:33PM Popular Vehicles & Services’ arm gets LoIs to set up Ather 3S facilities in Maharashtra24 Apr 2025, 9:49AM Popular Vehicles & Services opens 3S facility for Maruti Suzuki in Bangalore, Karnataka3 Apr 2025, 9:48AM Popular Vehicles and Services informs about revised intimation of conference call 12 Feb 2025, 4:57PM

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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 1691.69 1865.53 2513.57 2643.82 2576.9
Total Expenditure 1607.55 1783.32 2396.05 2526.51 2536.25
Operating Profit 84.14 82.21 117.52 117.31 40.65
Other Income 12.57 12.08 12.14 17.77 23.65
Interest 35.26 38.93 45.12 57.41 53
Depreciation 39.22 41.64 45.53 48.5 52.83
Exceptional Items 0 0 0 1.61 0
Profit Before Tax 22.23 13.72 39.01 30.78 -41.53
Provision for Tax 6.38 6.74 9.67 4.96 -7.91
Net Profit 15.85 6.98 29.34 25.82 -33.62
Adjusted EPS (Rs.) 0.25 0.11 0.47 0.36 -0.47

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 12.54 12.54 12.54 14.24 14.24
Total Reserves 184.18 191.53 220.09 478.19 440.76
Borrowings 67.34 60.27 59.11 4.07 0.09
Other N/C liabilities 183.44 259.19 241.17 286.41 295.02
Current liabilities 248.55 290.64 308.67 428.07 459.13
Total Liabilities 696.05 814.18 841.58 1210.98 1209.25
Assets
Net Block 287.78 385.01 386.64 427.11 464.14
Capital WIP 16.12 12 5.47 12.98 7.66
Intangible WIP 0 0 0.24 0.4 0.66
Investments 62.01 60.76 92.6 93.85 114.71
Loans & Advances 27.96 29.81 32.81 156.25 123.73
Other N/C Assets 7.07 12.43 10.41 13.65 11.82
Current Assets 295.11 314.17 313.4 506.74 486.53
Total Assets 696.05 814.18 841.58 1210.98 1209.25
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Other Income 8.7 5.03 3.57 4.93 4.72
Profit Before Tax 4.29 -18.02 -27.37 -20.01 -9.21
Tax 1.05 -4.58 -4.32 -4.92 -2.21
Profit After Tax 3.24 -13.43 -23.06 -15.09 -7
Adjusted EPS (Rs) 0.45 -1.89 -3.24 -2.12 -0.98

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2025 61.18 0
Jun 2025 61.18 0
Mar 2025 61.18 0
Dec 2024 61.18 0
Sep 2024 61.18 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 22.23 13.72 39.01 29.17 -41.53
Adjustment 64.06 71.21 86.39 93.03 88.43
Changes in Assets & Liabilities -12.39 -50.39 -25.03 2.76 -78.76
Tax Paid 1.31 -7.23 -14.83 -10.28 -6.79
Operating Cash Flow 75.21 27.31 85.54 114.68 -38.65
Investing Cash Flow 2.08 -26.89 -56.65 -175.71 -12.16
Financing Cash Flow -56.05 -30.72 -29.58 88.6 27.5
Net Cash Flow 21.24 -30.3 -0.7 27.56 -23.31
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