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anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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IPO Synopsis
Popular Vehicles & Services Ltd
Registered Office: Kuttukaran Centre, Mamangalam Cochin, Ernakulam - 682025, Kerala
Phone: 1
Email: 1
Website: 1
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 Money Payable On
Opens On Closes On Application Allotment
12-Mar-2024 14-Mar-2024 295.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 228.99
Project Financed through Current Offer 601.55
Post Issue Equity Share Capital 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
BSE
NSE
Registrar to the Issue
Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.