Popular Vehicles IPO: Price band of Popular Vehicles IPO decided, take a look at their business health before bidding.

Popular Vehicles IPO: Kerala-based automobile dealer company, Popular Vehicles and Services, is preparing to launch an IPO. It has been decided that the subscription for this IPO will open on March 12. The financial position of the company has become stronger, and under this IPO new shares will be issued which will also be sold. The price band of the IPO has also been determined, which is between Rs 280 to Rs 295. The opening day of this IPO (Popular Vehicles IPO) for anchor investors is March 11. Even a part of the money coming to the company will be used to repay the loan. The financial condition of the company has strengthened and new shares will be issued under the IPO (Popular Vehicles IPO) and shares will also be sold under Offer for Sale. Let us know what this automobile company of Kerala does (Popular Vehicles IPO) and know the complete information about it here.

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Complete information and details about Popular Vehicles IPO –

Popular Vehicles IPO will open for subscription between March 12 and 14, for which the price band of Rs 280 to Rs 295 has been fixed. Employees will get a discount of Rs 28 on each share. Under this IPO, 50% shares are reserved for qualified institutional buyers, 35% for non-institutional investors, and 15% for retail investors. The allotment of shares will take place on March 15 and then trading will start on BSE and NSE on March 19. Under this IPO (Popular Vehicles IPO), new shares worth Rs 250 crore will be issued, while 1,19,17,075 shares with face value of Rs 2 will be sold under Offer for Sale. Private equity fund BanyanTree Growth Capital II LLC will sell its shares in the offer for sale. Through this IPO (Popular Vehicles IPO), the company can repay its debt and can be used for general corporate purposes.

A look about Popular Vehicles company –

Gopal Snax Automobile Dealerships, started in 1983, has provided services like sales of new and used vehicles, servicing, distribution of spare parts, driving schools and finance and insurance products sales. Its financial health is also strong, as it had a net profit of Rs 32.46 crore in 2021, which further increased to Rs 33.67 crore in 2022 and Rs 64.07 crore in 2023. Its revenue also reached Rs 4,892.63 crore with a compound annual growth rate (CAGR) of more than 29% by the year 2022. In the first week of 2023-24, Gopal Snacks posted a net profit of Rs 40.04 crore and revenue of Rs 2,848.21 crore. It will reduce its debt with Rs 192 crore received from IPO (Popular Vehicles IPO). According to December 2023 quarter data, its consolidated debt is Rs 637.06 crore. Disclaimer – This news and information is for general information purpose only and does not require financial advice before investing. We will not be responsible for the results of any investment. Base this on your own research and the advice of a financial advisor. Read Our Another Posts – •Lemon Tree Share Price Target 2024,2025,2027,2030,2035 Aakash Exploration Share Price Target 2024, 2025, 2027, 2030 •Virtual Global Share Price Target 2024, 2025, 2030