31 Mar 2021
Assets1,118.94
Total Income2,919.25
Profit After Tax32.46
NET Worth246.00
Reserves and Surplus233.46
Total Borrowing353.04
At a glance
Updated 2026-08-24Popular Vehicles Services is a Mainboard IPO with an issue size of ₹601.55 crore, proposed for listing on BSE, NSE. The offer opens on 12th Mar 2024 and closes on 14th Mar 2024. The issue structure includes a fresh issue of ₹250.04 crore and an offer-for-sale component of ₹351.52 crore. The current listing schedule points to 19th Mar 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹601.55 Cr
Fresh issue₹250.04 Cr
Offer for sale₹351.52 Cr
Face value₹2
Price band₹280.00–₹295.00
Allotment15th Mar 2024
Listing19th Mar 2024
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹295.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens12th Mar 2024
Closes14th Mar 2024
Allotment15th Mar 2024
Refund18th Mar 2024
Demat18th Mar 2024
Listing19th Mar 2024
Subscription demand
Full bidding ↗Total1.25×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 50 | ₹14,750 |
Company
Incorporated1983
Use of proceeds
| Object | Amount |
|---|---|
| Repayment and/or prepayment, in full or part, of certain borrowings, availed by our Company and certain of our Subsidiaries, namely, PAWL, PMMIL, KGPL, KCPL and PMPL | ₹192.00 Cr |
| General corporate purposes | ₹36.99 Cr |
Financials
Full financials ↗31 Mar 2022
Assets1,263.29
Total Income3,484.20
Profit After Tax33.67
NET Worth279.89
Reserves and Surplus267.34
Total Borrowing371.91
31 Mar 2023
Assets1,503.78
Total Income4,892.63
Profit After Tax64.07
NET Worth343.04
Reserves and Surplus330.50
Total Borrowing505.01
30 Sep 2023
Assets1,941.78
Total Income2,848.21
Profit After Tax40.04
NET Worth384.21
Reserves and Surplus371.67
Total Borrowing764.61
Trend chart₹ crore
KPIs
| KPI | Sep 30, 2024 |
|---|---|
| ROE | 10.42% |
| ROCE | 8.83% |
| Debt / Equity | 1.99% |
| RoNW | 10.42% |
| PAT Margin | 1.41% |
| Price to Book Value | 4.82 |
Valuation & shareholding
Pre-IPO EPS10.22
Post-IPO EPS11.25
Pre-IPO P/E28.88
Post-IPO P/E26.22
Promoter holding pre69.45%
Promoter holding post61.17%
Market cap₹2100.28 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | ₹19.10 Cr |
| Commission/ processing fee for SCSBs and Bankers to the Offer and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹1.90 Cr |
| Fees payable to the Registrar to the Offer | ₹0.24 Cr |
| Auditors | ₹4.15 Cr |
| Independent Chartered Accountant | ₹0.93 Cr |
| Industry expert | ₹0.26 Cr |
| Fee payable to legal counsel | ₹5.20 Cr |
| Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | ₹5.99 Cr |
| Printing and stationery | ₹1.82 Cr |
| Advertising and marketing expenses | ₹6.33 Cr |
| Miscellaneous | ₹4.59 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- ICICI Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.