OUR BUSINESS
Incorporated in 1983 We are a leading Diversified Automobile Dealership in India . We 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 Preowned Vehicles, Operating Driving Schools and Facilitating The Sale of Third-Party Financial and Insurance Products.
Popular Vehicles & Services Our Automobile Dealership Business 3 Key Segments-
- Passenger Vehicles including Luxury Vehicles .
- Commercial Vehicles .
- Electric Two-wheeler & Three-Wheeler Vehicles.
Our key segments are as follows:
- Passenger Vehicles
- Commercial Vehicles
- Electric Two-Wheeler & Three-Wheeler Vehicles
Our Dealerships OEMs
Passenger Vehicles Dealerships
(i) Maruti Suzuki India Limited(“Maruti Suzuki”) For Both Arena and Nexa, Through Our Company.
(ii) Honda Cars India Limited (“Honda”)through Our Subsidiary, VMPL.
(iii) Jaguar Land Rover India Limited (“JLR”)through our Subsidiary, PAWL.
Commercial Vehicle Dealerships
(i) Tata Motors Limited (“Tata Motors (Commercial)”), Through our Subsidiary, PMMIL .
(ii) Daimler India Commercial Vehicles Private Limited(“BharatBenz”), through our Subsidiary, PMPL.
Electric three-wheeler Vehicle Dealership
(i) Piaggio Vehicles Private Limited, including commercial and cargo vehicles (“Piaggio”), through our Subsidiary, KGPL .
(ii) Electric Two-wheeler Vehicle Dealership of Ather Energy Private Limited (“Ather”), through our Subsidiary, KCPL.
Our Presence Across Vehicle Categories, including Passenger Vehicles, Commercial Vehicles, and Electric Two-wheeler and Three-wheeler Vehicles, Further Diversifies Our Revenue.
Our Network of 59 Showrooms, 126 Sales Outlets & Booking offices, 31 Pre-Owned Vehicle Showroomsand Outlets, 134 Authorised Service Centres, 40 Retail Outlets & 24 Warehouses Located Across 14 Districts of Kerala, 8 Districtsin Karnataka, 12 Districtsin Tamil Naduand 7 Districts in Maharashtra .
POPULAR VEHICLES & SERVICES IPO DATE & PRICE BAND DETAILS
| IPO Open Date | 12 Mar 2024 |
|---|---|
| IPO Close Date | 14 Mar 2024 |
| IPO Size | Approx ₹601.55 Crores |
| IPO Fresh Issue | Approx ₹250 Crores |
| Offer For Sale | Approx ₹351.55 Crores |
| IPO Face Value | ₹2 Per Equity Share |
| IPO Price Band | 280 to ₹295 Per Every Share |
| Employees Discount | Rs 28 Per Stock |
| IPO Listing On | NSE and BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
POPULAR VEHICLES & SERVICES IPO MARKET LOT DETAILS
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 50 | ₹14,750 |
| Retail Maximum | 13 | 650 | ₹ 191,750 |
| S-HNI Minimum | 14 | 700 | ₹ 206,500 |
| B-HNI Minimum | 68 | 3400 | ₹1003,000 |
OBJECTS OF ISSUE
- Repayment and/or Pre-Payment, in Full or Part, of Certain Borrowings, Availed by Our Company .
- General Corporate Purposes .
POPULAR VEHICLES & SERVICES IPO ALLOTMENT & LISTING DATE (DETAILS)
| Price Band Announcement | 2024 |
|---|---|
| Anchor Investor Allotment | 11- March - 2024 |
| IPO Open Date | 12 - March - 2024 |
| IPO Close Date | 14 - March - 2024 |
| Basis of Allotment | 15 - March- 2024 |
| Refunds | 18 - March- 2024 |
| Credit to Demat Account | 18 - March- 2024 |
| IPO Listing Date | 19 - March- 2024 |
POPULAR VEHICLES & SERVICES FINANCIAL REPORTS
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2023 | ₹4892.62 | ₹4807.76 | ₹64.07 |
| 2022 | ₹3484.20 | ₹3435.65 | ₹33.67 |
| 2021 | ₹2919.25 | ₹2872.00 | ₹32.46 |
OUR COMPANY PROMOTERS
- John K. Paul
- Francis K. Paul
- Naveen Philip
QUALITATIVE FACTORS
- Long Standing Presence in The Automobile Industry and Well-rstablished Relationships With Leading OEMs.
- Penetration in Markets in which We Operate Complemented by Innovative Marketing Strategies.
- Fully Integrated Business Model Leading to Business Stability and Higher Margin.
- Proven Ability to Identify and Capture Inorganic As Well As Organic Growth Opportunities.
- Consistent Track Record of Profitable Financial Performance and Increasing Growth .
- Experienced Promoters and Management team
COMPARISON PEER GROUP COMPANIES
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Millions) |
|---|---|---|---|---|---|---|
| Popular Vehicles & Services Ltd | 2 | 10.22 | NA | 18.68% | 54.69* | 48,750.02 |
| Landmark Cars Ltd | 5 | 22.56 | 36.41 | 18.04% | 118.55 | 33,823,51 |
POPULAR VEHICLES & SERVICES COMPANY CONTACT DETAILS
Kuttukaran Centre
Mamangalam, Cochin
Ernakulam 682 025
Kerala, India
Tel: +91 484 2341 134
E-mail: cs@popularv.com
Webiste: www.popularmaruti.com
POPULAR VEHICLES & SERVICES IPO REGISTAR
Link Intime India Private Limited
C-101, 1stFloor
247 Park, L.B.S. Marg
Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: popularvehicles.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
