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Popular Vehicles & Services IPO

The upcoming IPO of Popular Vehicles & Services Limited marks a significant milestone for the Indian automobile dealership sector. Starting from 12th March 2024, this initial public offering presents a remarkable investment opportunity.

This guide encapsulates Popular Vehicles & Services Limited’s IPO details. The forthcoming IPO pledges growth and invites participants into the promising avenue of automobile dealership advancements.

Popular Vehicles & Services IPO Details


Parameter Detail
Open Date 12-Mar-24
Close Date 14-Mar-24
Lot Size 50
IPO Size Rs 601.55 Cr
IPO Price Range Rs 280 to Rs 295
Min Investment Rs 14,000
Listing Exchange BSE, NSE
Basis of Allotment 15-Mar-24
Refunds 18-Mar-24
Credit to Demat Account 18-Mar-24
Listing Date 19-Mar-24

Checkout the List of Upcoming IPO.

Popular Vehicles IPO is anticipated with a uniquely positioned offering, comprising a fresh issue and an Offer for Sale (OFS). The initiative underscores the company's commitment to growth and excellence.

About the Company

Popular Vehicles & Services Limited has engineered its empire since 1983, becoming a leading entity in the vehicle dealership domain. The enterprise delicately balances sales of new and used cars with maintenance services, affirming its industry stature. Its expansive network, covering southern India and Maharashtra, includes 59 showrooms and numerous service centers, ensuring comprehensive market coverage.

Popular Vehicles & Services Financial Highlights

The essence of Popular Vehicles & Services revolves around its robust financial framework, highlighted by steady growth and sustainable profit margins. A keen understanding of market dynamics and consumer demands propels these achievements.

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

Popular Vehicles Competitive Strengths & Weakness

Strengths Weaknesses
Established presence and OEM relationships Economic sensitivity and market fluctuations
Market penetration and innovative strategies Concentrated operations in specific regions
Integrated business model enhancing stability OEM dependence and agreement vulnerabilities
Ability to seize growth opportunities Revenue concentration from specific OEMs
Consistent profitable financial performance Potential impact of regional developments on operations

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

How to apply Popular Vehicles & Services IPO?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe Popular Vehicles & Services IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Dynami user, Pre-Apply Now!
  • For new investor, get free demat account opening offer on our web & Dynami App ensuring a smooth and hassle-free experience for your initial investments.

How to open a Demat & Trading Account?

Demat & Trading Account
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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.

  • Popular Vehicles & Services IPO's price band is between Rs. 280 and Rs. 295.

  • The total IPO size is pegged at Rs. 601.55 Cr, a substantial figure reflecting the company's market reputation and investor confidence.

  • Investors can partake in this IPO with a minimum lot size of 50 shares.

  • A minimum investment of Rs. 14,750 is required in the retail category.