IPO

Popular Vehicles & Services Ltd

  • Registered Office: Kuttukaran Centre,Mamangalam Cochin, Ernakulam - 682025, Kerala, India. Phone : 91-484-2341 134   Fax:
  • Email : cs@popularv.com
  • Website :www.popularmaruti.com
Initial public offer of 20,393,828 equity shares of face value of Rs. 2 each ("Equity Shares") of Popular Vehicles and Services Limited ("Company") for cash at a price of Rs. 295 per equity share (including a share premium of Rs. 293 per equity share) ("Offer Price") aggregating to Rs. 601.55 crores comprising a fresh issue of 8,476,753 equity shares aggregating to Rs. 250.00 crores by the company ("Fresh Issue") and an offer for sale of 11,917,075 equity shares aggregating to Rs. 351.55 crores by Banyantree Growth Capital ii, llc (the "Selling Shareholder") and such equity shares offered by the selling shareholder ("Offer for Sale", and together with the fresh issue, the "Offer"). The offer included a reservation of 37,453 equity shares*, aggregating up to Rs. 1.00 crores (constituting 0.05% of the post-offer paid-up equity share capital*), for subscription by eligible employees ("Employee Reservation Portion"). Pursuant to finalization of basis allotment 22,950 equity shares allotted to eligible employees under the employess reservation portion. The company, in consultation with the brlms, offred a discount of 9.49% of the offer price 9Equivalent to Rs. 28 per equity share) to eligible employees bidding in the employee reservation portion ("Employee Discont"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 28.64% and 28.61 respectively, of the post-offred paid-up equity share capital of the company. Anchor investor offer Price is Rs. 295 per equity share of face value of Rs. 2 each. Offer Price: Rs. 295^ per equity share of the face value of Rs. 2 each. The offer price is 147.50 times the face value of the equity shares. ^A discount of Rs. 28 per equity share was offered to eligible employees bidding in the employee reservation portion
Issue
Opens On Closes On
12-Mar-24 14-Mar-24
Money Payable On
Application Allotment
295.00 0.00
Minimum Application for shares in Nos : 50 Further Multiples of : 50
Cr Lead Managers to the Issue
Project Cost (.Cr) 228.99 Centrum Capital Ltd
Project Financed through Current Offer (.Cr) 601.55  
Post Issue Equity Share Capital (.Cr) 14.24
Issue Price () 295.00
Projects
Repayment and/or pre-payment in full or part of certain borrowings availed by the company and certain of its subsidiaries namely VMPL, PAWL,PMMIL,KGPL,KCPL and PMPL
General corporate purposes
Promoted By
John K Poul
Francis K Paul
Naveen Philip
Listing At
BSE
NSE
Registrar to the Issue
No Data Available