IPO Trending
PVSLEQ / NSE, BSEListed
Popular Vehicles & Services

Popular Vehicles and Services Limited, founded in 1983, is a leading automobile dealership in India, providing a comprehensive range of sales and after-sales services. With an extensive network of 59 showrooms, 126 sales outlets, 31 pre-owned vehicle showrooms, and 134 authorized service centers, the company operates across Kerala, Karnataka, Tamil Nadu, and Maharashtra. Beyond vehicle sales, it offers servicing, spare parts distribution, and financial and insurance products. In FY 2023, Popular Vehicles serviced over 791,000 vehicles, underscoring its customer-centric approach. With PAT growth from ₹324.55 million in FY 2021 to ₹640.74 million in FY 2023, the company continues its strong trajectory in the Indian automotive sector.

DRHPANCHOR
₹280 - ₹2951.24x sub
Listed Price₹289.20
Listing Gain-1.97%

IPO Schedule & Timeline

Book Built Issue IPO
Open12 Mar 2024
Close14 Mar 2024
Allotment15 Mar 2024
Listing19 Mar 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail71,23,970 shares
34.94%
Nii(hni)30,53,130 shares
14.97%
QIB40,70,840 shares
19.96%
Employees37,453 shares
0.18%

Minimum Application Lots

Retail1 Lot (50 shares)
₹14,750
sHNI14 Lots (700 shares)
₹2,06,500
bHNI68 Lots (3,400 shares)
₹10,03,000

Company Promoters

John K. PaulFrancis K. PaulNaveen Philip

Company Background

Popular Vehicles and Services Limited, founded in 1983, is a leading automobile dealership in India, providing a comprehensive range of sales and after-sales services. With an extensive network of 59 showrooms, 126 sales outlets, 31 pre-owned vehicle showrooms, and 134 authorized service centers, the company operates across Kerala, Karnataka, Tamil Nadu, and...

Lead Managers & Bankers

ICICI Securities LimitedNuvama Wealth Management LimitedCentrum Capital Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-23 )₹2848.21 Cr
Growth-2.4%
Revenue Trend (₹ in Crores)
0.01.9k3.8k5.6kMar-21Mar-22Mar-23Sep-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-23 2848.2140.041941.78764.61
Mar-234,892.6364.071,503.78505.01
Mar-223,484.2033.671,263.29371.91
Mar-212,919.2532.461,118.94353.04

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-23 6.38 10.42%8.83%4.82 28.88
Mar-23 10.22 18.68%18.32%00
Mar-225.37 12.03%16.79%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
15 Mar 2024
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
19 Mar 2024

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Popular Vehicles & Services. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization15 Mar 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date19 Mar 2024Trading commences on exchange

How to Check Popular Vehicles & Services Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Popular Vehicles & Services from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Popular Vehicles & Services IPO

Complete issue overview for Popular Vehicles & Services (PVSL) IPO. The issue features an equity share price band of ₹280 – ₹295 per share with a minimum retail lot size of 50 Shares (minimum application amount of ₹14,750). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions