IPO Details
Bidding Dates
12 Mar 24 - 14 Mar 24
Price Range ₹
280 - 295
Total Equity
₹ 601.66Cr
Lot Size
50
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
1.05×
Qualified Institutional Buyers
1.97×
Employees
7.59×
Retail Investors
1.05×
Total subscription Rate
1.23×
IPO Timeline
Offer start
12 Mar 2024
Offer end
14 Mar 2024
Allotment
19 Mar 2024
Listing
19 Mar 2024
Refund initiation
20 Mar 2024
Demat transfer
20 Mar 2024
Offer start
12 Mar 2024
Offer end
14 Mar 2024
Allotment
19 Mar 2024
Listing
19 Mar 2024
Refund initiation
20 Mar 2024
Demat transfer
20 Mar 2024
About Company
Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India. Popular Vehicles provides complete services throughout the life cycle of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales. The company's business can be divided into three segments: passenger vehicles, including luxury vehicles; commercial vehicles; and electric two-wheeler and three-wheeler vehicles.
Year Founded
05-07-1983
Promotor Details
Jacob Kurian
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 69.45 | 61.17 |
| Share Capital | 43558086 | 43558086 |
Offer to Public
2,03,95,205.00 Cr
Project Details
- General corporate purposes - 369.9cr
- Repayment full/part of certain borrowings including working capital loans availed by our subsidiarie - 1920cr
Objectives
- Repayment and/or pre-payment, in full or part, of certain borrowings, availed by our Company and certain of our Subsidiaries, namely, VMPL, PAWL, PMMIL, KGPL, KCPL and PMPL.General corporate purposes.
Highlights
- Krystal Integrated Services offers a wide range of facilities management services, allowing it to cater to various client needs under one roof.
- With a substantial number of customers served across different sectors such as hospitals, schools, airports, railway stations, and metro stations, the company enjoys a diverse client base.
- The establishment of 21 branches indicates a strategic approach towards expanding its geographical reach, enabling the company to tap into new markets and opportunities.
- The impressive compound annual growth rates (CAGR) in revenue from operations, total profit, and EBITDA reflect the company's consistent financial performance and potential for profitability.
- With a significant number of employees working on-site, Krystal Integrated Services demonstrates its capacity to handle operations efficiently and meet client demands effectively.
Challenges
- Providing a wide range of services across multiple locations can lead to operational complexities, including coordination challenges and resource management issues.
- Since the company serves various sectors like healthcare, education, transportation, etc., fluctuations or downturns in any of these sectors could impact its revenue and profitability.
- The facilities management industry is highly competitive, with many players offering similar services. Intense competition may pose challenges in retaining clients and maintaining profit margins.
- Operating across multiple states and serving diverse client types may subject the company to complex regulatory requirements, necessitating rigorous compliance efforts and potential legal risks.
- Managing a large workforce spread across numerous locations can present HR-related challenges, including recruitment, training, retention, and ensuring adherence to labor laws and regulations.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 11,011.52 | 125.44 | 316.77 | 316.77 | 5.94 |
| 2024 | 19,379.22 | 142.40 | 280.23 | 280.23 | 5.2548 |
| 2020 | 11,084.28 | 125.44 | 324.55 | 324.55 | 5.1746 |
| 2022 | 12,475.19 | 125.44 | 316.77 | 316.77 | 5.94 |
| 2023 | 14,876.58 | 125.44 | 324.55 | 324.55 | 5.1746 |
