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Popular Vehicles IPO
Popular Vehicles & Services Ltd
₹14,000 /50 sharesMinimum Investment
Popular Vehicles IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 12 Mar ‘24 - 14 Mar ‘24 | ₹14,000 | 50 | ₹280 - ₹295 |
| Issue Size |
|---|
| 601.55Cr |
Subscription rate
| Qualified Institutional Buyers | 1.97x |
| Non-Institutional Investor | 0.66x |
| Retail Individual Investor | 1.05x |
| Employees | 7.54x |
| Total | 1.23x |
About Popular Vehicles
Parent organisation
Popular Vehicles & Services Ltd
Strengths & Financials of Popular Vehicles
Strengths
Risks
Long standing presence in the automobile industry and well-established relationships with leading OEMs.
Penetration in markets in which the company operates complemented by innovative marketing strategies.
Fully integrated business model leading to business stability and higher margin.
Proven ability to identify and capture inorganic as well as organic growth opportunities.
The automotive industry is sensitive to changing economic conditions and various other factors. Any decline in demand for vehicles by individuals or entities may adversely impact its business prospects and results of operations.
The company is subject to the significant influence of its OEMs. The company's top two OEMs i.e., Maruti Suzuki and Tata Motors (commercial), account for more than 80% of the Company's consolidated revenue in the six months period ended September 30, 2023 and each of Fiscal 2023, 2022 and 2021. Such significant influence of its OEMs and restrictions imposed by them pursuant to the terms of its dealership agreements may adversely impact the company's business, results of operations, financial condition and prospects, including our ability to expand into new territories and acquire additional dealerships.
Non-renewal, termination or any adverse material modifications made by its OEMs to the dealership agreements, will have a material and adverse impact on its business prospects and results of operations.
The Company has not received the required approval from the Central Government for appointment of John K. Paul as a Whole-time Director of the Company. The company cannot assure you that such approval will be received in a timely manner.
Popular Vehicles Financials
*All values are in Rs. Cr
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Application Details of Popular Vehicles IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹280 - 295 | Upto ₹2 Lakh |
| High Networth Individual | ₹280 - 295 | ₹2 - 5 Lakh |
For Popular Vehicles IPO, eligible investors can apply as Regular.