• Invest
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Currency
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
  • Platform
    Product Suite
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Equity Screeners
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    SWP Calculator
    CAGR Calculator
    Simple Interest Calculator
    ELSS Calculator
    Step up SIP Calculator
    All Calculators
    Product Suite
    Features and Tools
    Calculators
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
  • Market
    Stocks
    Market Movers
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indian Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Stocks
    Indices
    Mutual Funds
    IPO
  • Learn
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Quarterly Results
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Commodities
    Currency
    Futures & Options
    Derivatives
    Margin Trading
    Events
    Budget 2024
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2024
    Resource
    Investing Guide
    Events
  • Partner
    Business Associates
    Fund Expert
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement

IPO Details

RHP/DRHP

Issue Date

12 Mar - 14 Mar'24

Investment/lot

₹ 14750

Price Range

280 - 295

Lot Size

50

IPO Size

₹ 601.62 Cr

IPO Listing Details

Listing On

19 Mar'24

Issue Price

295

Listed Price

₹ 289.2

Retail Gain/Listing Gain

-1.97%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

WATCH AND LEARN
All you need to know about Popular Vehicles & Services Ltd
Tune in to know more about the company, IPO issue details, product/service portfolio, and much more with Kinjal Parekh!

Popular Vehicles and Services is a diversified automobile dealership in India in terms of revenue as of Fiscal 2023, having a fully integrated business model (Source: CRISIL Report).

The company caters to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, to facilitating the sale and exchange of pre-owned vehicles, operating driving schools and facilitating the sale of third-party financial and insurance products.

Proven ability to identify and capture inorganic as well as organic growth opportunities

As part of the company’s strategic plan to expand the business into other territories and states, the company acquired the entire operations of a sizeable spare parts distributor in Karnataka, in Fiscal 2019, which helped establish business channels and a steady foothold in Karnataka. The acquired business division contributed to a total turnover of Rs. 174.60 million and contributed to 12.02% of the company’s total turnover and 7.26% of the total EBITDA of the Company during the six months ended September 30, 2023.

Consistent track record of profitable financial performance and increasing growth

The company’s profit was Rs. 400.44 million, Rs. 640.74 million, Rs. 336.69 million and Rs. 324.55 million for the six months ended September 30, 2023 and Fiscals 2023, 2022, and 2021, respectively.

Long-standing presence in the automobile industry and well-established relationships with leading OEMs

The company set up the first Maruti Suzuki showroom in Trivandrum, Kerala in 1984 under the “Popular” brand. Since then, they have strategically expanded their dealership network across the value chain, from economy to premium to luxury vehicles, by partnering with Honda and JLR in 2008 and 2010, respectively, and subsequently collaborating with Ather and Piaggio in 2021. The entry into the commercial vehicle dealership space occurred in 1997 through a partnership with Tata Motors (Commercial). Operations within the automobile dealership space were further diversified by commencing the spare parts and accessories distribution business in 2005.

  • The automotive industry is sensitive to changing economic conditions and various other factors.

  • The company is subject to the significant influence of its OEMs.

  • Non-renewal, termination or any adverse material modifications made by OEMs to the dealership agreements, will adversely affect business prospects and results of operations.

  • Continue to increase sales at existing dealerships.
  • Expansion of the network and diversification of the product portfolio.
  • Grow through strategic acquisitions.

Here are the key financials for Popular Vehicles & Services Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

WHAT ARE YOU LOOKING FOR?
Applying for an IPO for the first time?
Here's a video playlist to help you invest in the upcoming Popular Vehicles & Services Limited IPO
How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

04m 01s

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

Here are the steps to apply for Popular Vehicles & Services Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Popular Vehicles & Services IPO FAQs

Popular Vehicles & Services IPO will list on 2024-03-19.

601.62 is the issue size of Popular Vehicles & Services IPO.

The minimum lot size is 50 shares and the investment required is ₹14750.

The price band of Popular Vehicles & Services IPO is ₹280 to ₹295.

You can read more about Popular Vehicles & Services and its IPO from the company’s red herring prospectus (RHP) here.

The Popular Vehicles and Services Limited IPO has an issue size of Rs. 601.55 crores. The IPO opens for subscription on 12th March 2024 and closes on 14th March 2024.

Link Intime India Private Limited is the registrar for this IPO.

Open Demat Account to Invest in any IPO
+91 -

personImage
Open Demat Account to Invest in any IPO
+91 -

N