Discover the hidden gems of Popular Vehicles & Services Limited and delve into its journey towards success.
Unveiling the Dynamics of Popular Vehicles IPO: Everything You Need to Know
Welcome to our newsletter where we decode the intricacies of the Popular Vehicles IPO, set to revolutionize the automobile market. Let’s dive into the key innovations and details surrounding this exciting offering.
Transformative Innovations
Integrated Automobile Solutions
- Complete Vehicle Lifecycle Management: Popular Vehicles & Services offers a fully integrated business model catering to every aspect of vehicle ownership, from sales to servicing and even facilitating the exchange of preowned vehicles.
- Diversified Revenue Streams: With a presence across passenger vehicles, commercial vehicles, and electric two-wheelers and three-wheelers, Popular Vehicles ensures diversified revenue streams, enhancing stability and growth potential.
Strategic Acquisitions and Expansion
- Strategic Acquisitions: Recent acquisitions of service centers and showrooms from Maruti Suzuki and BharatBenz highlight Popular Vehicles’ commitment to strategic growth and market dominance.
- Geographical Expansion: The expansion of post-sale services and repair verticals, along with acquisitions in key regions like Kerala, Tamil Nadu, and Maharashtra, signifies a strategic geographical expansion strategy.
IPO Insights
Fund Utilization
- Debt Repayment: The IPO proceeds will be utilized for the repayment and/or pre-payment of certain borrowings, ensuring a strengthened financial position.
Financial Performance
- Steady Revenue Growth: Popular Vehicles has showcased consistent revenue growth over the years, reflecting its strong market presence and effective business strategies.
- Profitability: Despite challenges, the company has maintained profitability, with a notable increase in Profit After Tax (PAT) over the years.
IPO Details
Dates and Price Band
- IPO Period: March 12 to March 14, 2024
- Price Band: ₹280 to ₹295 per share
- Listing Date: March 19, 2024
Allotment and Listing
- Allotment Date: March 15, 2024
- Listing Date: March 19, 2024
How to Participate
Application Process
- Via ASBA: Apply for the IPO through ASBA available in your bank account for a seamless application process.
- IPO Forms: Alternatively, download IPO forms from NSE and BSE, fill them, and submit them to your bank or broker.
Company Contacts
- Registrar: Link Intime India Private Ltd. (Phone: +91-22-4918 6270, Email: Signatureglobal.ipo@linkintime.co.in)
- Address: Popular Vehicles & Services Limited, Kuttukaran Centre, Mamangalam, Cochin Ernakulam 682 025. (Phone: +91 484 2341 134, Email: cs@popularv.com)
Financial Snapshot
| Year | Revenue (in Crores) | Expense (in Crores) | PAT (in Crores) |
|---|---|---|---|
| 2021 | ₹2919.25 | ₹2872.00 | ₹32.46 |
| 2022 | ₹3484.20 | ₹3435.65 | ₹233.67 |
| 2023 | ₹4892.62 | ₹4807.76 | ₹264.07 |
| Sep 2023 | ₹2848.21 | ₹2795.94 | ₹40.04 |
Valuation Metrics
- Earning Per Share (EPS): ₹210.22 per Equity Share
- Return on Net Worth (RONW): 18.68%
- Net Asset Value (NAV): ₹54.69 per Equity Share
Lead Managers
- ICICI Securities Limited
- Nuvama Wealth Management Limited
- Centrum Capital Limited
Stay Updated
Keep an eye on the IPO subscription status and allotment status on respective platforms. Don’t miss the opportunity to be a part of this transformative journey in the automobile sector.
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