About Company’s Business:
They are a diversified automobile dealership based in India, achieving significant revenue in Fiscal 2023 according to the CRISIL Report. With a fully integrated business model, they address the entire life cycle of vehicle ownership, including new vehicle sales, vehicle servicing and repairs, spare parts and accessories distribution, as well as facilitating the sale and exchange of pre-owned vehicles. Additionally, they operate driving schools and facilitate the sale of third-party financial and insurance products.
About the Industry:
The automobile industry stands as one of the key contributors to the Indian economy. Its share in India’s GDP has risen from 2.80% in fiscal 1993 to around 7.10% at present. India has emerged as one of the largest auto markets globally, witnessing annual domestic sales exceeding 20 million vehicles. Presently, there are only a few extensive dealerships in India, boasting over 100 outlets and a presence across 4-5 states. In comparison to global dealership giants, Indian dealerships are still in the developmental phase, offering substantial potential for expansion.
Key Financial Information (â‚ą in million):
| Particulars | As at and for six months ended Sep 30, 2023 | As at and for the year ended Mar 31, | As at and for the year ended Mar 31, | As at and for the year ended Mar 31, |
|---|---|---|---|---|
| Equity Share capital | 125.44 | 125.44 | 125.44 | 125.44 |
| Revenue from operations | 28,349.97 | 48,750.02 | 34,658.79 | 28,935.25 |
| Profit for the period/year | 400.44 | 640.74 | 336.69 | 324.55 |
| Earnings per Equity Share-Basic | 6.38 | 10.22 | 5.37 | 5.17 |
| Earnings per Equity Share-Diluted | 6.38 | 10.22 | 5.37 | 5.17 |
| Total borrowings | 7,646.13 | 5,050.06 | 3,719.10 | 3,530.42 |
| Net asset value per share | 61.26 | 54.69 | 44.62 | 39.22 |
| Net worth | 3,842.11 | 3,430.44 | 2,798.86 | 2,460.02 |
Objective of the Issue:
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Repayment and/or pre-payment, in full or part, of certain borrowings, availed by our Company and certainof our Subsidiaries, namely, PAWL, PMMIL, KGPL, KCPL and PMPL.
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General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Tuesday, March 12, 2024 |
| Close Date | Thursday, March 14, 2024 |
| Issue Size | â‚ą601.55 Crores |
| Price | â‚ą280 to â‚ą295 per share |
| Lot Size | 50 Shares |
| Basis of Allotment | Friday, March 15, 2024 |
| Initiation of Refunds | Monday, March 18, 2024 |
| Credit of Shares to Demat | Monday, March 18, 2024 |
| Listing Date | Tuesday, March 19, 2024 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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