Embark on a lucrative investment journey with the Popular Vehicles & Services Limited IPO. Explore comprehensive details, key dates, financial insights, and the company’s strengths. Invest wisely in the future of India’s automotive industry. Join the IPO excitement today!
Introduction
In the dynamic landscape of the Indian automotive industry, Popular Vehicles & Services Limited stands tall, offering a comprehensive suite of services throughout the vehicle ownership lifecycle. As the company gears up for its Initial Public Offering (IPO), let’s delve into the details that make this IPO a noteworthy investment opportunity.
Popular Vehicles & Services Limited IPO Details
Key Dates
- Opening Date: March 12, 2024
- Closing Date: March 14, 2024
- Basis of Allotment: March 15, 2024
- Listing Date: March 19, 2024
Issue Breakdown
- Total Issue Size: 20,391,651 shares (aggregating up to ₹601.55 Cr)
- Fresh Issue: 8,474,576 shares (aggregating up to ₹250.00 Cr)
- Offer for Sale: 11,917,075 shares (aggregating up to ₹351.55 Cr)
Price Band
Set at ₹280 to ₹295 per share, the Popular Vehicles & Services Limited IPO beckons investors with a promising investment range.
Popular Vehicles & Services Limited IPO: In a Nutshell
About the Company
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Incorporated in 1983, Popular Vehicles and Services Limited has emerged as a key player in the Indian automobile dealership sector. The company’s diverse offerings span passenger vehicles, commercial vehicles, and electric two-wheeler and three-wheeler vehicles.
Financial Highlights
With a robust financial performance, the company recorded a Profit After Tax (PAT) increase from ₹324.55 million in Fiscal 2021 to ₹640.74 million in Fiscal 2023. The total income for Fiscals 2021, 2022, and 2023 stood at ₹29,192.52 million, ₹34,841.99 million, and ₹48,926.28 million, respectively.
Key Performance Indicators (KPI)
- ROE: 10.42%
- ROCE: 8.83%
- Debt/Equity: 1.99
- RoNW: 10.42%
- P/BV: 4.82
- PAT Margin (%): 1.41
Objects of the Issue
The Net Proceeds from the IPO will primarily be allocated for the repayment of certain borrowings and general corporate purposes.
Unlocking Potential: Popular Vehicles & Services Strengths
- Industry Experience: Backed by extensive experience in the auto industry and strong partnerships with top manufacturers.
- Consistent Profitability: Demonstrates a consistent history of making profits and steady growth.
- Comprehensive Services: Offers a wide range of services contributing to higher revenue and business stability.
Popular Vehicles & Services Limited IPO Allocation
- QIB: 50%
- Retail: 35%
- NII (HNI): 15%
Key Dates for Popular Vehicles & Services Limited IPO
- IPO Opening Date: March 12, 2024
- IPO Closing Date: March 14, 2024
- Listing Date: March 19, 2024
Financial Overview
Balance Sheet (In Million)
| Particulars | Mar-21 | Mar-22 | Mar-23 |
|---|---|---|---|
| Equity Share Capital | 125.44 | 125.44 | 125.44 |
| Reserves | 2,335 | 2,673 | 3,305 |
| Borrowings | 3,530 | 3,719 | 5,050 |
| Trade Payables | 663 | 868 | 908 |
| Other Liabilities | 4,535 | 5,247 | 5,650 |
Profit & Loss Statement (In Million)
| Particulars | Mar-21 | Mar-22 | Mar-23 |
|---|---|---|---|
| Sales | 28,935 | 34,659 | 48,750 |
| EBITDA | 1,749 | 1,787 | 2,348 |
| EBITDA Margin | 6.04% | 5.15% | 4.82% |
| Net Profit | 325 | 337 | 641 |
| NPM (%) | 1.11% | 0.97% | 1.31% |
Cash Flow Statement (In Million)
| Particulars | Mar-21 | Mar-22 | Mar-23 |
|---|---|---|---|
| Net Cash Inflow from Operating Activity | 952 | 697 | 1,089 |
| Net Cash Inflow from Investing Activities | -67 | -414 | -796 |
| Net Cash Flow | 178 | -369 | 54 |
Conclusion
In conclusion, the Popular Vehicles & Services Limited IPO presents a compelling opportunity for investors seeking a foothold in India’s dynamic automotive sector. With a robust financial performance, strategic partnerships, and a diversified business model, Popular Vehicles & Services Limited is poised for sustained growth. As the IPO opens doors to funding key objectives, including debt repayment and general corporate purposes, investors can anticipate promising returns. Stay tuned to witness the evolution of Popular Vehicles & Services Limited in the competitive landscape, marking a milestone in the Indian automobile dealership industry. Seize the moment and consider becoming a part of this exciting journey into the future of mobility.
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Investors, fasten your seatbelts as we embark on a ride towards automotive excellence with the Popular Vehicles & Services Limited IPO.
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