PopularVehicles IPO

Popular Vehicles and Services Limited
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

Popular Vehicles and Services is a leading diversified automobile dealership in India. They cater to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, to facilitating sale and exchange of pre owned vehicles, operating driving schools and facilitating the sale of third-party financial and insurance products.  They deal in (a) passenger vehicles including luxury vehicles, (b) commercial vehicles and (c) electric two-wheeler and three-wheeler vehicles. They handle dealerships for Maruti, Honda, JLR,Tata Motors, Bharat Benz, Piaggio, Daimler, Ather etc. 

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
Operating Revenue (Rs. Cr)2893.53465.84875
Profit After Tax (Rs. Cr)32.433.664
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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