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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Popular Vehicles & Services Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹295
Per ShareLot Size
50 Shares
Minimum Investment
₹14,750
Issue Size
₹601.55 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
69.45%
Issue Type
Book Building
ISIN
INE772T01024
Popular Vehicles & Services Limited is a diversified automobile dealership in India in terms of revenue for Fiscal 2023, having a fully integrated business model. We cater 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 sale and exchange of pre-owned vehicles, operating driving schools and facilitating the sale of third-party financial and insurance products.
The automobile industry is one of the primary contributors to the Indian economy. Its contribution to India's GDP has increased from 2.80% in fiscal 1993 to approximately 7.10% currently. India is one of the largest auto markets in the world, with annual domestic sales of over 20 million vehicles. Currently, there are only a handful of very large dealerships in India with more than 100 outlets and a presence across 4-5 states. Compared with global dealership giants, Indian dealerships are still in the development stages with significant room for expansion.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 20,393,828 equity shares of face value of Rs. 2 each ("Equity Shares") of Popular Vehicles and Services Limited ("Company") for cash at a price of Rs. 295 per equity share (including a share premium of Rs. 293 per equity share) ("Offer Price") aggregating to Rs. 601.55 crores comprising a fresh issue of 8,476,753 equity shares aggregating to Rs. 250.00 crores by the company ("Fresh Issue") and an offer for sale of 11,917,075 equity shares aggregating to Rs. 351.55 crores by Banyantree Growth Capital ii, llc (the "Selling Shareholder") and such equity shares offered by the selling shareholder ("Offer for Sale", and together with the fresh issue, the "Offer"). The offer included a reservation of 37,453 equity shares*, aggregating up to Rs. 1.00 crores (constituting 0.05% of the post-offer paid-up equity share capital*), for subscription by eligible employees ("Employee Reservation Portion"). Pursuant to finalization of basis allotment 22,950 equity shares allotted to eligible employees under the employess reservation portion. The company, in consultation with the brlms, offred a discount of 9.49% of the offer price 9Equivalent to Rs. 28 per equity share) to eligible employees bidding in the employee reservation portion ("Employee Discont"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 28.64% and 28.61 respectively, of the post-offred paid-up equity share capital of the company. Anchor investor offer Price is Rs. 295 per equity share of face value of Rs. 2 each. Offer Price: Rs. 295^ per equity share of the face value of Rs. 2 each. The offer price is 147.50 times the face value of the equity shares. ^A discount of Rs. 28 per equity share was offered to eligible employees bidding in the employee reservation portion
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Popular Vehicles and Services Limited was originally incorporated as Popular Vehicles and Services Limited on July 5, 1983 at Kochi, Ernakulam, Kerala, India as a public limited company under the Companies Act, 1956 and received its certificate for commencement of business on July 14, 1983. The Company was converted to a private limited company pursuant to a special resolution passed by its Shareholders at the Extraordinary General Meeting ("EGM") held on December 29, 2014 and the name of the Company was changed to Popular Vehicles and Services Private Limited. A fresh certificate of incorporation consequent upon conversion of the Company to a private limited company was issued on March 24, 2015 by the Registrar of Companies, Kerala at Ernakulam ("RoC"). The Company was subsequently converted into a public limited company pursuant to a special resolution passed by its Shareholders at the EGM held on June 11, 2018 and the name of the Company was changed to Popular Vehicles and Services Limited. A fresh certificate of incorporation consequent upon conversion of the Company to a public limited company was issued on July 10, 2018 by the RoC.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.