Popular Vehicles Services IPO offers fresh issue INR 250 cr, offer to sell 1.42 cr shares. Funds for loan repayment, subsidiaries, and general corporate needs.
Date: Mar 12 to Mar 14, 2024 Listing Date: Mar 19, 2024 Price: INR 280 to 295 per share Lot Size: 50 Shares Total Issue Size: INR 601.55 crores
Popular Vehicles Service's financials (2021-2023) show robust revenue growth, doubled profits, and improved shareholder equity, promising IPO investment.
Popular Vehicles revenue ₹48,750.02M, RoNW 18.68%. Outperforms Landmark Cars in revenue but lower EPS ₹10.22 vs. Landmark's ₹22.56, suggesting varied profit efficiencies.
Popular Vehicles IPO repay borrowings support corporate goals - strategic initiatives, partnerships, acquisitions, subsidiary investments, and working capital needs.
Popular Vehicles face risks from industry uncertainties, diverse dealerships, Maharashtra expansion, and state concentration.
Apply for Popular Vehicles & Services Ltd IPO with Alice Blue completely free of cost.
Disclaimer:
*T&C Apply