Popular Vehicles & Services Limited IPO Message Board (Page 6)

60 cr ka PAT hai. Agar yahi rate raha then OFS ke barabar paisa kamane mai 5 saal lag jayenge.
Those who justify OFS, should know that there is another method to profit from a company that's called "dividend".
Murgi ko mar do ek din, pata hai sone ke ande nahi dene wali.

Premium now only 1%

Ye bhi officially dabba ho chuka he

I personally feel if QIB Doesn't come in this

It can repeat PKH Ventures

Tabahi IPO.... xD
Civil litigation se zyada to Criminal Litigation me hai yeh company...
Listing gains to ho nhi sakta as per the current sentiment & Long term me ghanta aisi company me apne funds rakhunga.

I am skipping this one.. UNLESS there is a huge surge in QIBs & Employees (For Listing Gains Only) which is highly unlikely..!

FIRST DAY STELL RETAIL SECTION BHURA BHARA HI NAHI HAI ... KAFI DAYS KE BAAD EASA DEKHNE KO MIL RAHA HAI......

​@Earthking @newgen consultancy @abc xyz @rohiitian @GrayIsTheNewBlack Your views on this company (also considering the present market conditions) needed

​@G profit - prima facie nothing special about this.
Peer Landmark cars trades at P/E - 32 based on previous years earnings.
While this one is available at P/E - 29
I guess Landmark deserves the additional premium as it operates in high value segment.
The way small caps are being hit, Landmark may soon reach P/E 29 by closing date of this IPO.

As of now - this looks like a skip candidate.
@rohiitian , your views ?

**Please note that this comparison is based on previous years earnings, I still need to read about the current year projected earnings.**

​@GrayIsTheNewBlack @G profit Main thing Popular has going for it is growth in the last 2 years (incl. FY'24) has been excellent, far better than Landmark. Even though Landmark is in a premium segment with higher margins, it's PAT is just 0.6% better than Popular, and without growth, I don't see a justification for it trade at premium to a peer that's growing faster. Also @newgen consultancy has pointed out that Competent Auto is a good peer and is cheaper but maybe difference is Popular's service component (which has high margins) is larger and there's focus to scale this.

Auto sector has been booming recently and Nifty Auto is one of the strongest sectoral indices currently, so that can also help.

Will take a call on final day after analyzing this one properly but currently I'm bearish mainly because of market mood in smallcaps and not fundamentals.

People will think now, first list, then will take entry . Not necessary to apply in IPO.. Market is Supreme. FOMO game change from last week.

IPO MKT KA CHARM AB KHO GAYA HAI ....WHAT U SAY EVERYONE ??

I Personally Feel Popular Vehicles cannot be compared with Landmark Cars

As Popular is primarily into Maruti
And Landmark into Mercedes

Popular's Margins are low

It's Correct Peer is Competent Auto
Which trades at a PE Of 9-10

I am not saying that Popular Vehicles is a bad IPO
But saying that please do an ample to Ample comparison

Don't compare Maruti with a Mercedes

Honestly Nothing Special In this IPO
A Boring Tipid listing candidate

I would like to hear The Views of
​@NeoLongus On this or on the company in his point of view

​@newgen consultancy Thanks🙏 sir ji for your analysis about the comparison between two. Yes Landmarks basically deals in premium segment. Thanks sir🙏 bcoz ur advice I escaped from RK which listed in deep discount. Waiting for ur final verdict on both Popular and Krystle. Thanks in advance keep updating and guiding us 🙏👍👏

​@newgen consultancy ji - Concur with your views and with most of the other views. Staying away from it. I feel there is tremendous scope to build a well run and profitable multi region car dealership business in India but Popular would not be my choice to take that bet.

Keep minting!

The growth of business module is limited and not self driven.
Working from a state which not of a business friendly atmosphere.

One thing i noticed in Recent IPOs in CG. For some average mainboard IPO's there will be ad by the company on CG main page and even DD sir gives mostly 'apply' or 'may apply' for such IPO's. Recent examples which i remember are Eterno, RK Swamy, JG Chemicals, Gopal Snacks and now i see ad of Popular vehicles. Need to see the listing of JG, Gopal and Popular.
If an IPO is good, why should the company advertise it. It will anyhow get subscribed fully.

Auto dealerships are an unenterprising business and I always stay away. Landmark Cars opened in 6% discount in Dec 2022 and crossed IPO price in less than 2 weeks to now lead at over 50% premium.

Still, I do not have the courage or patience to put my money in Popular because it's based out of Kerala, the worst state in India to do business in. Also because it deals in "tincan" company Maruti Suzuki and Tata Motors and its JV, so margins are going to suffer, I believe it won't take Landmark's path.

If the small caps remain in red, I will skip this. Thanks.

Most of the IPOs are trap for retail investors. GMP is fake. I foresaw it would list in negative.So I have decided not to apply in any ipo till elections are over and markets stabilized. Everyone is selling everything.

​@Lucky Mohit 
I think end of elections may be a stretch too far. Right now it has coupled with year closing which is why we are seeing scarcity in buying. I hope we'll start seeing better days from second week of April or before.

Just my guess, which can also be called wishful thinking. 😄

Dear Member,

Third Party Application is still valid in Mainboard and SME Ipos?

Anyone get Allotment recently in Third Party Application in Mainboard or SME?

Latest gmp. Pls

Skipping this one... Dealers are not good business

Fastest employees subscription.

Popular Vehicles & Services Ipo

Positives:-

(1) Strong Promoter Group
(2) Stable Financial
(3) Strong Focus On Inorganic Growth

Negatives:-

(1) Dependency On Only 3 State Of South India
(2) Pending Taxation & Criminal Proceedings

Chittorgarh Team,

I request to you to upload anchor book pdf or image in each IPO page when anchor book available.

Greetings,
The Anchor Investor list is uploaded and is available in the prospectus section below DRHP and RHP.

Anchor Investor List is available in the section "Popular Vehicles & Services IPO Prospectus".

Thanks for the feedback.

Off topic:---- Respected seniors please share your views on platinum industries and exicom they both are going down so shall i book the loss or any hope in future for their comeback please guide me. 🙏🙏🙏🙏

All small cap share price is falling 2 to 5 % every day. Recovery may or may not happen and it will depend on the results. My portfolio is also bleeding and I am selling some of the shares at loss. Keep a stop loss and decide.

Thanks both members for your advice🙏🙏

Total 18 Anchor Investors.
Anchor List is very Good.

Quant
HSBC
BOFA
CITI

​@svh Despite that list, sentiments overall are on the opposite side.

Exclusive

Rakesh Jhunjhunwala Backed
West Bengal-Based Retail Chain

Baazar Style Retail Limited Starts Procedures To File DRHP For It's IPO And Picks 3 LMs

Financials FY23 :
Rev - 794 cr
PAT - 51 cr

Expected IPO Size : 600 cr
As Per The Document
Fresh - 200 cr
Remaining OFS