Popular Vehicles & Services Ltd IPO: A subsidiary of Maruti Suzuki Popular Vehicles & Services Limited, a pioneer in the Indian automobile dealership sector since 1983, is set to make a significant impact with its upcoming IPO. The IPO, a Book Built Issue, will consist of a fresh issue of Rs 250.00 crore and an offer for sale of 1.19 crore shares. With the IPO scheduled from March 12, 2024, to March 14, 2024, and the listing tentatively set for Tuesday, March 19, 2024, on both the BSE and NSE, investors are eager to participate in this IPO event.
Popular Vehicles & Services IPO Date & Price Band Details
| Timeline (Tentative) | Dates |
|---|---|
| IPO opens | March 12, 2024 |
| IPO closes | March 14, 2024 |
| Basis of Allotment | Friday, March 15, 2024 |
| Refunds | Monday, March 18, 2024 |
| Shares credited to Demat | Monday, March 18, 2024 |
| Listing Date | Tuesday, March 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 14, 2024 |
Financial Growth and Performance
Popular Vehicles & Services has showcased better growth over the years, reflected in its financial performance. The companys PAT surged from ₹324.55 million in Fiscal 2021 to ₹640.74 million in Fiscal 2023, underlining its commitment to excellence and customer satisfaction. Additionally, its total income for Fiscals 2021, 2022, and 2023 stood at ₹29,192.52 million, ₹34,841.99 million, and ₹48,926.28 million, respectively, showcasing a steady upward trajectory.
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| Year | Revenue (in Crores) | Expense (in Crores) | Profit After Tax (in Crores) |
|---|---|---|---|
| 2021 | 2919.25 | 2872.00 | 32.46 |
| 2022 | 3484.20 | 3435.65 | 33.67 |
| 2023 | 4892.62 | 4807.76 | 64.07 |
Business Operations and Expansion Popular Vehicles & Services Ltd IPO
Operating through an extensive network of showrooms, sales outlets, service centres, retail outlets, and warehouses across Kerala, Karnataka, Tamil Nadu, and Maharashtra, Popular Vehicles & Services has firmly established itself as a leader in the automobile dealership industry.
The company offers a comprehensive range of services, including sales of new and pre-owned vehicles, servicing, spare parts distribution, driving schools, and financial and insurance products, catering to the diverse needs of its customers.
Popular Vehicles & Services IPO Details and Offerings
The IPO, with a face value of ₹2 per share, promises to be an exciting opportunity for investors. While the price band is yet to be announced, the IPO is expected to offer significant value. With a strong focus on retail investors, the IPO reserves not less than 35% of the Net Issue for them, ensuring a fair and inclusive offering process.
| IPO Details | Value |
|---|---|
| Face Value | ₹2 per share |
| Price Band | Yet to be announced |
| Retail Reservation | Not less than 35% of the Net Issue |
Future Prospects and Objectives of Popular Vehicles & Services Ltd IPO
The IPO proceeds will be utilized for repayment and pre-payment of certain borrowings, along with general corporate purposes. This strategic move is expected to further strengthen Popular Vehicles & Services position in the market, paving the way for sustained growth and expansion in the future.| Popular Vehicles & Services IPO
Contact Information:
Popular Vehicles & Services Limited
Kuttukaran Centre, Mamangalam, Cochin, Ernakulam 682 025
Phone: +91 484 2341 134
Email: cs@popularv.com
Website: Popular Maruti
Popular Vehicles & Services IPO reflects its strong commitment to innovation, growth, and customer satisfaction. With a robust business model, impressive financial performance, and a clear focus on expansion, Popular Vehicles & Services is poised for a successful IPO and a bright future ahead.
Disclaimer: Investors are advised to conduct their due research before investing. The information provided is for informational purposes only and should not be construed as investment advice.
