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Issue Open Date
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12-Mar-24
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Issue Closing Date
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14-Mar-24
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Application Money
|
100
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Allotment Money
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Price Band
|
280
-
295
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Minimium Application No.
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50
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Issue Size (Shares)
|
20395205
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Market Lot
|
1
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Objective
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1. 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.2. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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|
Non-Institutional Investors
|
3121490
|
2055350
|
0.658451572806576
|
|
Qualified Institutional Buyers
|
3970461
|
7810150
|
1.96706377420657
|
|
Retail Individual Investors
|
7283477
|
7634850
|
1.04824248089202
|
|
|
|
|
Business Description
We are a leading diversified automotive dealership in India in terms of revenue (Source: CRISIL Report), with a presenceacross the automotive retail value chain, including sale of new passenger and commercial vehicles, services and repairs, spareparts distribution, sale of pre-owned passenger vehicles and facilitation of sale of third-party financial and insurance products.We operate passenger vehicle dealerships of Maruti Suzuki India Limited (“Maruti Suzuki”), Honda Cars India Limited(“Honda”) and Jaguar Land Rover India Limited (“JLR”) and the commercial vehicle dealership of Tata Motors Limited(“Tata Motors (Commercial)”). We are the sixth largest passenger vehicle dealership for Maruti Suzuki, the fifth largestpassenger dealership for JLR, the sixth largest passenger vehicle dealership for Honda and the third largest commercial vehicledealership group for Tata Motors (Commercial), in terms of sales by volume, across India as of March 31, 2021.
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Promoter's Holding
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Total Share Capital
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43558086
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Offered to Public
|
20395205
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Promoter's Holding (Pre-Issue)
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69.45
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Promoter's Holding (Post-Issue)
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61.17
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Address |
Kuttukaran Centre
Mamangalam
Cochin
Ernakulam,
Kerala,
682025
Phone : 0484 2341134
Email : cs@popularv.com
Website : www.popularmaruti.com
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Centrum Capital Ltd
ICICI Securities Ltd
Nuvama Wealth Management Ltd.
|
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Promoters |
Francis K Paul
John K Paul
Naveen Philip
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|
