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Popular Vehicles & Services IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 601.55 Cr. The company is based in Ernakulam and caters to Automobile sector. Smart Horizon Capital Advisors , ICICI Securities , Nuvama Wealth Management are the merchant bankers of Popular Vehicles & Services IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th September 2023.
Popular Vehicles & Services IPO posted revenues of ₹ 5696.42 crores and PAT of ₹ 80.08 crores in FY24 on annualised basis.
Revenue:
₹ 1,352.38 Cr.
EBITDA Margin:
13.94
% 
Net Worth: ₹ 346.09 Cr.
Market Capitalisation:
₹ 2100.28 Cr.
P/E:
26.22 times
P/BV: 2.22 times
EV/EBITDA: 15.19 times
Financial results of Popular Vehicles & Services IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | Sep-23 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 1941.77 | 1503.78 | 1263.28 | 1118.93 | |
| Net Worth | 346.09 | 290.87 | 177.66 | 135.73 | |
| Total Debt | 764.61 | 505.00 | 371.91 | 353.04 | |
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
676.19
1,352.38 |
1394.65 | 1352.16 | 1128.86 | |
EBITDA
EBITDA on annualised basis |
94.26
188.52 |
196.22 | 94.79 | 60.35 | |
PAT
PAT on annualised basis |
55.65
111.30 |
112.36 | 41.53 | 21.12 | |
Popular Vehicles & Services IPO PAT Margin is 8.23 % , ROCE (Return on Capital Employed) is 20.83 % as per latest financial. The below table shows Popular Vehicles & Services IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | Sep-23 | FY23 | FY22 | FY21 |
|---|---|---|---|---|
| EBITDA Margin (%) | 13.94 | 14.07 | 7.01 | 5.35 |
| PAT Margin (%) | 8.23 | 8.06 | 3.07 | 1.87 |
| EPS (₹) | 4.46 | 9.02 | 3.33 | 1.70 |
| ROE (%) | 16.08 | 38.63 | 23.38 | 15.56 |
| ROCE (%) | 20.83 | 43.08 | 18.69 | 13.48 |
| ROA (%) | 2.87 | 7.47 | 3.29 | 1.89 |
| Debt to Equity | 2.21 | 1.74 | 2.09 | 2.60 |
The market Capitalisation of Popular Vehicles & Services IPO is ₹ 2100.28 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Popular Vehicles & Services IPO prospectus highlights an Return on Equity (ROE) of 16.08 % , Return on Assets (ROA) of 2.87 %, and an EBITDA Margin of 13.94 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Popular Vehicles & Services IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Popular Vehicles & Services IPO is ₹ 2100.28 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Popular Vehicles & Services IPO has a Price-to-Earnings (PE) ratio of 26.22 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Popular Vehicles & Services IPO reported revenue of ₹ 5696.42 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Popular Vehicles & Services IPO provide insights into sales growth, market demand, and business scalability.
Popular Vehicles & Services recorded an EBITDA of ₹ 188.52 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Popular Vehicles & Services Profit After Tax (PAT) is ₹ 111.30 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 1,352.38 Cr.
EBITDA Margin:
13.94
%
Net Worth: ₹ 346.09 Cr.
Market Capitalisation:
₹ 2100.28 Cr.
P/E:
26.22 times
P/BV: 2.22 times
EV/EBITDA: 15.19 times
Popular Vehicles & Services operates in Automobile and Automobile Dealership And Servicing Segment. The Issue is listed on BSE,NSE in Mar, 2024. Popular Vehicles & Services IPO size was 601.55 with Issue price of 295.00 .
Merchant Banker(s) of Popular Vehicles & Services IPO: Smart Horizon Capital Advisors Private Limited , ICICI Securities Limited , Nuvama Wealth Management Limited
Popular Vehicles & Services IPO subscription was 1.25 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Popular Vehicles & Services IPO listed at a listing price of 276.25 against the offer price of 295.00.
The current market price of Popular Vehicles & Services is 137.45.
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