Popular Vehicles & Services Ltd. IPO
Popular Vehicles & Services Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹295
Issue Price
Listing Price
₹292
Listing Price
Listing Gains
-₹3.00 (-1.02%)
Listing Gains
IPO Details
Bidding Dates
12 Mar - 14 Mar '24
Bidding Dates
Min. Investment
₹14,000
Min. Investment
Lot Size
50.00
Lot Size
Price Range
₹280 - ₹295
Price Range
Issue Size
571 Cr
Issue Size
Subscription Rate
- Retail Individual Investor1.05x
- Non-Institutional Investor0.66x
- Qualified Institutional Buyers1.97x
- Employees7.59x
About Company
Popular Vehicles and Services Limited was established in 1983 and is a car dealership company in India. Popular Vehicles offers full services for the duration of a vehicle's ownership, including sales of new and used cars, maintenance, the provision of spare parts, driving instruction, and the selling of insurance and financial products to third parties. The three business segments of the company are as follows: 1. Passenger cars, including high-end models 2. Cars used for business 3. Electric two and three-wheeler cars Currently, the company's extensive network spans 14 districts in Kerala, 8 districts in Karnataka, 12 districts in Tamil Nadu, 7 districts in Maharashtra, and 59 showrooms, 126 sales outlets, booking offices, 31 pre-owned vehicle showrooms and outlets, 134 authorized service centers, 40 retail outlets, and 24 warehouses. The retail outlets are in charge of selling and distributing replacement parts and accessories, while the sales outlets and booking offices assist with sales in addition to the showrooms. Through 130 authorized service centers spread throughout dealerships, the business serviced 791,360 vehicles in FY 2023, including 5,212 luxury, 163,013 commercial, 1,918 electric two-wheeler, and 857 electric three-wheeler vehicles.
Why should you invest in Popular Vehicles & Services Ltd. IPO?
By volume, Popular Vehicles currently runs the Fifth (Fiscal 2023) largest-selling Maruti Suzuki dealership under the Arena network in India, and as of March 31, 2023, the Eighth (Fiscal 2023) most-selling Maruti Suzuki dealership under the Nexa network in India. In terms of the volume of servicing for Maruti Suzuki (Arena and Nexa), the company was placed #1 (Fiscal 2023) in the all-India dealer ranking for the fiscal year 2023.
During the fiscal year 2022–2023, Popular Vehicles & Services Limited (Popular) received the "Royal Platinum Band" from Maruti Suzuki for its arena dealerships in Kerala, the "Gold Band" for its arena dealerships in Chennai, and the "Alpha Band" for its Nexa dealerships. Around-the-clock customer service is provided by a customer relationship center. Also, the business uses social media platforms to actively engage with its clients.
Between Fiscal 2021 and Fiscal 2023, the company's PAT climbed from ₹324.55 million to ₹640.74 million.The total income of the company for the Fiscal Years 2021, 2022, and 2023 was ₹29,192.52 million, ₹34,841.99 million, and ₹48,926.28 million, in that order. There were 10,275 workers overall in the company as of July 31, 2023.
Popular Vehicles & Services Ltd. IPO - SWOT Analysis
Strengths
- Brand Value
- Market Share
- Product Quality
- Number of Sales
- Strong Advertising and Reliable Suppliers
Weaknesses
- Penetration Inability
- Weak Interior Quality
- Government Intervention
- Diversification in the workforce
- Weak Managerial & Labour Relationship
Opportunities
- Collaborations
- Technological Developments
- Immense Production Potential
- LPG Version of Cost-Effective Hatchbacks
Threats
- Controversies
- Intense Competition
- Fall in Market Share
- Cost and Expenses
How to apply for Popular Vehicles & Services Ltd. IPO?
You can apply for the Popular Vehicles & Services Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Popular Vehicles & Services Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
