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IPO Status: Listed [12th Mar 2024 to 14th Mar 2024]
Popular Vehicles & Services IPO, a Mainline IPO of ₹601.55 Cr was launced on 12-03-2024 to 14-03-2024 and the shares got listed on BSE, NSE on 19-03-2024.
The public issue of Popular Vehicles & Services IPO (PVSL,544144) was offered at ₹295.00 per share and the ipo was listed at ₹289.20. It has delivered listing loss of -1.97%.
As the minimum lot size was 50 shares, the IPO has offered Rs -290.00 per lot loss on listing.
| IPO Issue Opening Date: | 12th Mar 2024 |
| IPO Issue Closing Date: | 14th Mar 2024 |
| IPO Issue Price: | ₹280.00-295.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹601.55 Cr |
| Offer for Sale: | ₹351.55 Cr |
| Fresh Issue: | ₹250.00 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | Emplopee:28.00 |
| Promoter Holding Pre IPO: | 69.45% |
| Promoter Holding Post IPO: | 61.17% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544144 |
| NSE Code: | PVSL |
Get important updates regarding Popular Vehicles & Services IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 15th Mar 2024 |
| Refunds Initiation* | 18th Mar 2024 |
| Credit of Shares to Demat* | 18th Mar 2024 |
| IPO Listing Date* | 19th Mar 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹280.00-295.00 |
| Market Lot: | 50 Shares |
| 1 Lot Amount: | ₹14750 |
| Min Small HNI Lots(2-10 Lakh): | 700 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 3400 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-03-2024 | 295.00 | 0 | -- | ₹295 (0%) | 19-Mar-2024 10:32 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Popular Vehicles & Services Limited, a diversified car dealership, was incorporated in 1983 with three main segments of the car dealership business.
This company is majorly involved in the following areas:
(1) passenger car dealership of economy, premium and luxury vehicles through their dealerships for the following OEMs:
(2) commercial vehicle dealers of:
(3) Three-wheeled electric vehicles, including commercial and cargo vehicles, through their subsidiary KGPL and Ather's two-wheeled electric vehicles through their subsidiary KCPL.
| Incorporation | Sector | IPO Issue Size | Website |
| 1983 | Auto Dealer | ₹601.55 Cr | https://www.popularmaruti.com/ |
The company proposes to utilise the Net Proceeds towards funding the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 4,071,551 (28.5%) | 3,053,663 (21.37%) | 7,125,213 (49.87%) | 37,453 | 14,287,880 | |
| 1 | 12th Mar 2024 19:04 | 0.00x | 0.12x | 0.50x | 4.25x | 0.28x |
| 2 | 13th Mar 2024 19:04 | 0.00x | 0.21x | 0.80x | 6.63x | 0.46x |
| 3 | 14th Mar 2024 18:23 | 1.92x | 0.67x | 1.07x | 8.04x | 1.25x |
Popular Vehicles & Services Limited's revenue increased by 40.42% and profit after tax (PAT) rose by 90.31% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,941.78 | 1,503.78 | 1,263.29 | 1,118.94 |
| Revenue | 2,848.21 | 4,892.63 | 3,484.20 | 2,919.25 |
| Profit After Tax | 40.04 | 64.07 | 33.67 | 32.46 |
| Net Worth | 384.21 | 343.04 | 279.89 | 246.00 |
| Reserves and Surplus | 371.67 | 330.50 | 267.34 | 233.46 |
| Total Borrowing | 764.61 | 505.01 | 371.91 | 353.04 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Popular Vehicles & Services Limited | 10.22 | 10.22 | 54.69 | 18.68 | Consolidated | |
| Landmark Cars Limited | 22.56 | 21.74 | 118.55 | 34.84 | 18.04 | Consolidated |
Last Updated on 23-Mar-2024 07:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Popular Vehicles & Services IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Popular Vehicles & Services IPO with Zerodha.
Alternate approch to apply in Popular Vehicles & Services IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Popular Vehicles & Services IPO Review and Important Updates
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To subscribe or apply in Popular Vehicles & Services IPO, you can use the following methods:
| Popular Vehicles & Services IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Popular Vehicles & Services IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Popular Vehicles & Services IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Popular Vehicles & Services IPO. Most of the Syndicate Banks provide access to apply in Popular Vehicles & Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in Popular Vehicles & Services IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Popular Vehicles & Services IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Popular Vehicles & Services IPO Review and Important Updates
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Applying in Popular Vehicles & Services IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Popular Vehicles & Services IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Popular Vehicles & Services IPO, please refer article >> Link
Popular Vehicles & Services IPO Review and Important Updates
Steps to download the online application form for Popular Vehicles & Services IPO
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Popular Vehicles & Services IPO is going to be list on 19-03-2024. NSE Code for Popular Vehicles & Services is PVSL. BSE Code for Popular Vehicles & Services is 544144.
Other relevant questions:
When Popular Vehicles & Services IPO will be listing? Popular Vehicles & Services IPO NSE listing date?Popular Vehicles & Services IPO date of listing.Popular Vehicles & Services IPO BSE listing date?
Popular Vehicles & Services IPO Allotment Date is 15-03-2024.
Other relevant questions:
Popular Vehicles & Services IPO share allotment date?Popular Vehicles & Services IPO allotment date?
