Popular Vehicles and Services Limited Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India.
Popular Vehicles provides complete services throughout the life cycle of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales.
The company’s business can be divided into three segments
- Passenger vehicles including luxury vehicles,
- Commercial vehicles and
- Electric two-wheeler and three-wheeler vehicles
Popular Vehicles & Services Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 12 March 2024 |
| IPO Close Date | 14 March 2024 |
| Allotment Date | 15 March 2024 |
| IPO Listing Date | 19 March 2024 |
Popular Vehicles & Services Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 280 to Rs. 295 Per Equity Share |
| Market Lot | 50 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 602 Crore. |
Popular Vehicles & Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 50 | Rs. 14750 |
| Maximum | 13 | 650 | Rs. 191750 |
| Small HNI (Minimum) | 14 | 700 | Rs. 206500 |
| Big HNI (Minimum) | 68 | 3400 | Rs. 1003000 |
Popular Vehicles & Services Limited IPO Allotment Status & IPO forms
Click Here To Check IPO Allotment Status Popular Vehicles & Services Limited IPO
Click Here To Get ASBA Forms Popular Vehicles & Services Limited IPO
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 1503.78 | 1263.29 | 1118.94 |
| Total Revenue | 4892.63 | 3484.20 | 2919.25 |
| Profit After Tax | 64.07 | 33.67 | 32.46 |
Company Promoters:
The promoters of the company are John K. Paul, Francis K. Paul and Naveen Philip
Purpose of the Issue
- Repayment and/or pre-payment, in full or part, of certain borrowings, availed by the company and certain of the subsidiaries, namely, VMPL, PAWL, PMMIL, KGPL, KCPL and PMPL and;
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Popular Vehicles & Services Limited Kuttukaran Centre Mamangalam, Cochin Ernakulam 682 025 Phone: +91 484 2341 134 Email: cs@popularv.com Website: https://www.popularmaruti.com | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: popularvehicles.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
