Popular Vehicles & Services IPO vs SRM Contractors IPO

Comparision between Popular Vehicles & Services IPO and SRM Contractors IPO.

IPO Details

Popular Vehicles & Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SRM Contractors IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Popular Vehicles & Services IPO	SRM Contractors IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Nuvama Wealth Management Limited Centrum Capital Limited	Interactive Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Popular Vehicles & Services IPO is up to ₹601.55 Cr whereas the issue size of the SRM Contractors IPO is up to ₹130.20 Cr. The final issue price of Popular Vehicles & Services IPO is ₹295.00 per share and of SRM Contractors IPO is ₹210.00 per share.

	Popular Vehicles & Services IPO	SRM Contractors IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹280.00 per share	₹200.00 per share
Issue Price (Upper)	₹295.00 per share	₹210.00 per share
Issue Price (Final)	₹295.00 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)	₹28.00 per share
Market Lot Size	50 shares	70 shares
Fresh Issue Size	84,78,130 shares	62,00,000 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹130.20 Cr
OFS Issue Size	1,19,17,075 shares
OFS Issue Size (Amount)	up to ₹351.55 Cr
Issue Size Total	2,03,95,205 shares	62,00,000 shares
Issue Size Total (Amount)	up to ₹601.55 Cr	up to ₹130.20 Cr

IPO Timetable

Popular Vehicles & Services IPO opens on Mar 12, 2024, while SRM Contractors IPO opens on Mar 26, 2024. The closing date of Popular Vehicles & Services IPO and SRM Contractors IPO is Mar 14, 2024, and Mar 28, 2024, respectively.

	Popular Vehicles & Services IPO	SRM Contractors IPO
Anchor Bid Date	Mar 11, 2024	Mar 22, 2024
Issue Open	Mar 12, 2024	Mar 26, 2024
Issue Close	Mar 14, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Mar 15, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Mar 18, 2024	Apr 02, 2024
Credit of Share (Tentative)	Mar 18, 2024	Apr 02, 2024
Listing date (Tentative)	Mar 19, 2024	Apr 03, 2024
Anchor Lockin End date 1	Apr 14, 2024	May 01, 2024
Anchor Lockin End date 2	Jun 13, 2024	Jun 30, 2024

Financials

Popular Vehicles & Services IPO P/E ratio is 28.88, as compared to SRM Contractors IPO P/E ratio of 18.76.

Popular Vehicles & Services IPO

SRM Contractors IPO

Financial

Popular Vehicles & Services Limited Financial Information (Restated Consolidated)

Popular Vehicles & Services Limited's revenue increased by 40.42% and profit after tax (PAT) rose by 90.31% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,941.78	1,503.78	1,263.29	1,118.94
Revenue	2,848.21	4,892.63	3,484.20	2,919.25
Profit After Tax	40.04	64.07	33.67	32.46
Net Worth	384.21	343.04	279.89	246.00
Reserves and Surplus	371.67	330.50	267.34	233.46
Total Borrowing	764.61	505.01	371.91	353.04
Amount in ₹ Crore

SRM Contractors Limited Financial Information (Restated Consolidated)

SRM Contractors Limited's revenue increased by 13.24% and profit after tax (PAT) rose by 6.71% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	168.87	137.36	120.22	112.47
Revenue	242.28	300.65	265.51	161.95
Profit After Tax	21.07	18.75	17.57	8.27
Net Worth	37.24	63.16	44.41	26.85
Reserves and Surplus	67.48	46.41	42.89	25.32
Total Borrowing	42.32	47.16	31.52	31.96
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

69.45%

99.92%

Promoter Shareholding (Post-Issue)

61.17%

72.92%

P/E Ratio

28.88

18.76

Market Cap

₹2100.28 Cr.

₹481.83 Cr.

ROE

10.42%%

ROCE

8.83%%

29.43%%

Debt/Equity

1.99

0.5

EPS

₹10.22

₹11.20

RoNW

10.42%%

25.02%%

Shares Offered

In the Popular Vehicles & Services IPO retail investors (RII) are offered 71,25,213 shares while in SRM Contractors IPO retail investors are offered 71,25,213 shares. Qualified institutional buyers (QIB) are offered 40,71,551 shares in Popular Vehicles & Services IPO and 12,40,100 shares in SRM Contractors IPO.

	Popular Vehicles & Services IPO	SRM Contractors IPO
Anchor Investor Reserveration	61,07,325 shares	18,59,900 shares
Market Maker Reserveration
QIB	40,71,551 shares	12,40,100 shares
NII	30,53,663 shares	9,30,000 shares
RII	71,25,213 shares	21,70,000 shares
Employee	37,453 shares	0 shares
Others
Total	1,42,87,880 shares	43,40,100 shares

Bids Received (Subscription)

Popular Vehicles & Services IPO subscribed 1.25x in total, whereas SRM Contractors IPO subscribed 86.57x.

	Popular Vehicles & Services IPO	SRM Contractors IPO
QIB (times)	1.92x	59.59x
NII (times)	0.67x	214.94x
Big NII (times)	0.67x	220.57x
Small NII (times)	0.68x	203.67x
RII (times)	1.07x	46.97x
Employee (times)	8.04x
Other (times)
Total (times)	1.25x	86.57x

Compare with others

Popular Vehicles & Services IPO	SRM Contractors IPO
Indegene IPO	TBO Tek IPO
JNK India IPO	Indegene IPO
VI FPO	JNK India IPO
Bharti Hexacom IPO	VI FPO
SRM Contractors IPO	Bharti Hexacom IPO
Gopal Namkeen IPO	Popular Vehicles & Services IPO
Krystal Integrated Services IPO	Gopal Namkeen IPO
JG Chemicals IPO	Krystal Integrated Services IPO
Bharat Highways InvIT	JG Chemicals IPO
GPT Healthcare IPO	Bharat Highways InvIT

Comments

Add a public comment...