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PopularVehicles IPO

Popular Vehicles and Services Limited

IPO Doc

Start Date12-03-2024

Application Timing10am-5pm

Price Range₹280 - ₹295

Min Qty50

Min. Investment₹14000

Listing DateNA

Close Date14-03-2024

About Popular Vehicles and Services Limited

Why To Invest in Popular Vehicles and Services Limited

Automobile dealership business with presence in Kerala, Tamil Nadu and Karnataka with 50 years of experience in the automobile segment. The IPO net proceeds will be utilised to repay borrowings.

Financial Table

Year	2021	2022	2023
Operating Revenue (Rs. Cr)	2893.5	3465.8	4875
Profit After Tax (Rs. Cr)	32.4	33.6	64

Strengths And Risks

Long Standing Presence: The company promoters have 50 years of experience in the automobile business. They set up the first Maruti Suzuki showroom in Kerala in 1984 under the “Popular” brand. They have since then strategically expanded their dealership network across the value-chain, from economy to premium to luxury vehicles.

Market Penetration: Company has a deep penetration in semi-urban and rural areas in the states they operate in, attributable to innovative models including the “hub and spoke” model for Maruti Suzuki and Tata Motors (Commercial) dealerships in Kerala, wherein showrooms serve as a “hub” to our sales outlets and booking offices located in small towns and rural areas under the showroom.

Integrated Business Model: Company has a fully integrated business model contributes to their position as a leading automobile dealership player. In addition, their diversified income streams also contribute to higher profitability margins at dealerships.

Experienced Promoters : The Kuttukaran Group (the group of entities and business operated by Promoters and their immediate relatives) has over 70 years of experience in the automobile industry.

Changing Economic Conditions: The automotive industry is sensitive to changing economic conditions and various other factors like fuel prices, state of economy, inflation, disposable income, interest rates, competition etc. Any decline in demand for vehicles by individuals or entities may adversely impact the business.

Regional Player: A large portion of company's business operations are concentrated in the states of Kerala, Tamil Nadu and Karnataka. Any adverse developments in these states could have an adverse effect on business. It can be a challenge for company to expand in other states.

Competition: Increasing competition among automotive dealerships through online and offline marketing reduces company's profit margins on vehicle sales and related businesses.

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Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

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Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
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Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
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Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062
2	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	57500000351820	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

Client registration documents in Vernacular languages: Get Documents