Popular Vehicles Services IPO GMP, Details, Price Range and more

Popular Vehicles Services IPO. IPO Applications Starts From 12-03-2024 and Ends on 14-03-2024. Popular Vehicles Services IPO Price Range is Rs 280 to 295 and Lot Size Is 50 Share Per Lot. The Minimum Investment For One Lot Is Rs 14,000 and The Maximum Price is Rs 14,750 Per Lot.

Popular Vehicles & Services IPO Issue Size Is Rs 523.07 Cr. Regular Retail Investors invest up to Rs 2,00,000 and High Networth Individuals Invest Up to Rs 5,00,000.

Popular Vehicles Services IPO GMP

The Grey Market Premium (GMP) for Popular Vehicles & Services is ₹25 as of March 12, 2024.

Popular Vehicles Services IPO Issue Size

Issue Size Of Popular Vehicles & Services IPO Is ₹601.55cr.

Popular Vehicles Services IPO Price Band

The Prize Band Of IPO Is ₹280-₹295.

Popular Vehicles Services IPO Share Price Prediction on Listing Day

On The Listing Day, Popular Vehicles & Services Share Price Opens At Range Between ₹305 to ₹320 And Grey Market Premium Does Not Indicate the Stock Price.  invest in your Research And Analysis.

Also Read This: Top 5 Stocks to Invest in India 2024

Financials Of Company

Revenue Of Popular Vehicles: The Company’s Revenue In 2023 Is ₹4,875cr and in 2022 the Revenue is around ₹3,465.90cr In 2021 Popular Vehicles & Services Revenue is around ₹2,893.50cr.

Profit Of Popular Vehicles: Talk About Company’s Profits In 2023 is Around ₹64.07cr and In 2022 The Profit Is ₹33.67cr In 2021 Popular Vehicles & Services Profit Is Around ₹32.46cr

Assets Information Of Popular Vehicles: The Assets Of The Company Grow Year by Year in 2023 The Company’s Assets are Around ₹1,503.80cr and in 2022 The Company Holds assets of ₹1263.30cr or In 2021 Popular Vehicles & Services Assets ₹1118.90cr

Source: Popular maruti

About the Popular Vehicles & Services Limited Company

Popular Vehicles & Services Limited Established in 1983. Company Deals In Automobile Dealership in India. Companies are in the New Vehicle sale, Servicing, and Spare parts distribution business. Popular Vehicle & Services Limited also sells pre-owned vehicles. The company operates Driving Schools and sells Third Party Insurance.

Popular Vehicles & Services Limited has 61 Showrooms, 133 sales outlets, 32 pre-owned vehicle showrooms, 139 authorized service centers, 43 Retail Outlets and 24 Warehouses.

Popular Vehicles serviced 791,360 vehicles in FY 2023, demonstrating a notable increase in both PAT and total income over the years. The company has a broad network of showrooms, sales outlets, service centers, and warehouses dispersed over numerous districts. 10,275 people were working for the company as of July 31, 2023, all of them were committed to giving clients high-quality services.

The top passenger car manufacturer in India, Maruti Suzuki, has Popular Vehicles as an authorized dealer. Maruti Suzuki offers a large selection of vehicles, such as the Alto, Wagon R, Swift, Dzire, Brezza, and Ertiga.

Conclusion

It seems that Popular Vehicles & Services Limited is a trustworthy Maruti Suzuki dealer in Kerala. Using the Maruti Suzuki brand to its fullest, offering top-notch customer service, and maybe reaching new markets are what will determine its success. However, before making any investment decisions, more research is required due to the lack of financial information and the dependence on a single auto manufacturer.

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