Popular Vehicles & Services Ltd Back Registered Office: Kuttukaran Centre,Mamangalam Cochin , Ernakulam - 682025 , Kerala , India. Phone : 91-484-2341 134   Fax: Email :  cs@popularv.com   Website :  www.popularmaruti.com Initial public offer of 20,393,828 equity shares of face value of Rs2 each ("Equity Shares") of Popular Vehicles and Services Limited ("Company") for cash at a price of Rs295 per equity share (including a share premium of Rs293 per equity share) ("Offer Price") aggregating to Rs601.55 crores comprising a fresh issue of 8,476,753 equity shares aggregating to Rs250.00 crores by the company ("Fresh Issue") and an offer for sale of 11,917,075 equity shares aggregating to Rs351.55 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 Rs1.00 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 Rs28 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 Rs295 per equity share of face value of Rs2 each. Offer Price: Rs295^ per equity share of the face value of Rs2 each. The offer price is 147.50 times the face value of the equity shares. ^A discount of Rs28 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-24 14-Mar-24 Rs295.00-0.00 Rs0.00-0.00 Minimum Application for shares in Nos :50  Further Multiples of :50   Rs Cr Lead Managers to the Issue Project Cost 228.99 Centrum Capital Ltd Project Financed through Current Offer 601.55   Post Issue Equity Share Capital 14.24   Issue Price Rs295.00

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

Listing At BSE  NSE

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