Popular Vehicles & Services IPO vs VI FPO

Comparision between Popular Vehicles & Services IPO and VI FPO.

IPO Details

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

	Popular Vehicles & Services IPO	VI FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
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	Axis Capital Limited Jefferies India Private Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 VI FPO is up to ₹18,000.00 Cr. The final issue price of Popular Vehicles & Services IPO is ₹295.00 per share and of VI FPO is ₹11.00 per share.

	Popular Vehicles & Services IPO	VI FPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹280.00 per share	₹10.00 per share
Issue Price (Upper)	₹295.00 per share	₹11.00 per share
Issue Price (Final)	₹295.00 per share	₹11.00 per share
Discount (Retail)
Discount (Employee)	₹28.00 per share
Market Lot Size	50 shares	1298 shares
Fresh Issue Size	84,78,130 shares	16,36,36,36,363 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹18,000.00 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	16,36,36,36,363 shares
Issue Size Total (Amount)	up to ₹601.55 Cr	up to ₹18,000.00 Cr

IPO Timetable

Popular Vehicles & Services IPO opens on Mar 12, 2024, while VI FPO opens on Apr 18, 2024. The closing date of Popular Vehicles & Services IPO and VI FPO is Mar 14, 2024, and Apr 22, 2024, respectively.

	Popular Vehicles & Services IPO	VI FPO
Anchor Bid Date	Mar 11, 2024	Apr 16, 2024
Issue Open	Mar 12, 2024	Apr 18, 2024
Issue Close	Mar 14, 2024	Apr 22, 2024
Basis Of Allotment (Tentative)	Mar 15, 2024	Apr 23, 2024
Initiation of Refunds (Tentative)	Mar 18, 2024	Apr 24, 2024
Credit of Share (Tentative)	Mar 18, 2024	Apr 24, 2024
Listing date (Tentative)	Mar 19, 2024	Apr 25, 2024
Anchor Lockin End date 1	Apr 14, 2024	May 23, 2024
Anchor Lockin End date 2	Jun 13, 2024	Jul 22, 2024

Financials

Popular Vehicles & Services IPO P/E ratio is 28.88, as compared to VI FPO P/E ratio of -1.88.

Popular Vehicles & Services IPO

VI FPO

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

Vodafone Idea Limited Financial Information (Restated Consolidated)

Vodafone Idea Limited's revenue increased by 9.95% and profit after tax (PAT) dropped by -3.74% 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	190,801.80	207,242.70	194,029.10	203,480.60
Revenue	32,125.60	42,488.50	38,644.90	42,126.40
Profit After Tax	-23,563.80	-29,301.10	-28,245.40	-44,233.10
Net Worth	-97,931.90	-74,359.10	-61,964.80	-38,228.00
Reserves and Surplus	-146,611.60	-123,038.80	-94,083.60
Total Borrowing	203,425.70	201,586.00	190,917.70	180,310.30
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

69.45%

48.75%

Promoter Shareholding (Post-Issue)

61.17%

36.87%

P/E Ratio

28.88

-1.88

Market Cap

₹2100.28 Cr.

₹73131.80 Cr.

ROE

10.42%%

ROCE

8.83%%

Debt/Equity

1.99

EPS

₹10.22

₹-5.85

RoNW

10.42%%

Shares Offered

In the Popular Vehicles & Services IPO retail investors (RII) are offered 71,25,213 shares while in VI FPO retail investors are offered 71,25,213 shares. Qualified institutional buyers (QIB) are offered 40,71,551 shares in Popular Vehicles & Services IPO and 3,27,27,27,273 shares in VI FPO.

	Popular Vehicles & Services IPO	VI FPO
Anchor Investor Reserveration	61,07,325 shares	4,90,90,90,908 shares
Market Maker Reserveration
QIB	40,71,551 shares	3,27,27,27,273 shares
NII	30,53,663 shares	2,45,45,45,454 shares
RII	71,25,213 shares	5,72,72,72,727 shares
Employee	37,453 shares	0 shares
Others
Total	1,42,87,880 shares	11,45,45,45,454 shares

Bids Received (Subscription)

Popular Vehicles & Services IPO subscribed 1.25x in total, whereas VI FPO subscribed 6.99x.

	Popular Vehicles & Services IPO	VI FPO
QIB (times)	1.92x	19.31x
NII (times)	0.67x	4.54x
Big NII (times)	0.67x	6.04x
Small NII (times)	0.68x	1.55x
RII (times)	1.07x	1.01x
Employee (times)	8.04x
Other (times)
Total (times)	1.25x	6.99x

Compare with others

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

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