IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
About Company
A DRHP has been submitted by Popular Vehicles and Services Ltd to SEBI, and the issue comprises a fresh issuance for Rs. 150 crores and an offer to sell up to 4,266,666 equity shares. Axis Capital Ltd., DAM Capital Advisors, and Centrum Capital Ltd. are the book-running lead managers. John K. Paul, Francis K. Paul, and Naveen Philip are the promoters.
According to revenue, Popular Vehicles is one of the top diversified car dealerships in the nation. They are present throughout the whole automotive retail chain, including the sale of new cars and trucks as well as commercial vehicles, the distribution of spare parts, and third-party financial and insurance services. Additionally, they have dealerships for Maruti Suzuki, Honda, and Jaguar passenger cars as well as the Tata Motors Ltd. commercial vehicle business.
As of March 31, 2021, Popular Vehicles had the third-largest commercial vehicle dealership for Tata Motors, the fifth-largest passenger dealership for Jaguar, the sixth-largest for Honda, and the sixth-largest passenger dealership for Maruti Suzuki. They offer an impressive network of 83 authorised repair facilities, 29 retail outlets, 25 warehouses, 59 showrooms, 99 sales outlets, and booking offices. These are spread out throughout 14 districts in Tamil Nadu and Kerela. The two states that contribute most to the national sales of passenger vehicles are Kerela and Tamil Nadu. Four business segments—passenger automobiles, luxury cars, commercial vehicles, and others—have been established by the corporation. At 1984, in Kerela, they received their first dealership award for a Maruti Suzuki vehicle. In India, this was the first batch of Maruti Suzuki vehicles.
Popular Vehicles and Services IPO Objectives:
- Repayment and/or pre-payment, in full or part, of certain borrowings, including working capital loans, availed by the Company and PAPL, PMMPL and VMPL, our Subsidiaries.
- General corporate purposes.
Why should you invest in the Popular Vehicles and ServicesIPO?
- The automobile industry is one of the primary contributors to the Indian economy. Its current contribution to India’s GDP is ~7% and it employs ~3.5 crore people directly and indirectly. India’s domestic market is the fourth largest auto market in the world, with domestic sales of over 27 million vehicles at their peak in fiscal 2019.
- The domestic market, which is dominated by two-wheelers and PVs, grew at 8.9% CAGR from Fiscals 2016-2019. Domestic sales, however, fell by a sharp 17.7% in Fiscal 2020 and by a further 12.3% in Fiscal 2021.
IPO Financials
| Particulars (In Rs cr) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Total Income | 2,919.25 | 3,180.45 | 3,916.34 |
| PAT | 32.45 | 12.5 | 21.37 |
| EPS (In Rs) | 25.88 | 9.96 | 17.42 |
| Total Assets | 1,118.9 | 1,131.16 | 1,211.6 |
| Total Borrowings | 353 | 349.1 | 558.4 |
| Equity Share Capital | 12.54 | 12.54 | 12.54 |
Know before investing
Strengths
4
They have a stronghold in the market, and this is supported by extremely creative marketing tactics.
The company provides fully integrated services and repairs, which increases revenue and promote the stability of the business.
They are present throughout the full car ownership life cycle, which results in a greater customer retention rate and offers the business a variety of revenue streams.
Based on the volume of sales, Maruti Suzuki dubbed the business the No. 1 Pre-Owned Car Dealer in India in FY21. In 2021, they offered 9,413 previously owned cars.
Risks
4
The sector is very vulnerable to abrupt changes in the national economy, which could have a materially negative impact on the operations and financials of the company.
The ties the company has with the OEMs with whom it has dealership agreements are absolutely essential to the company's commercial operations.
The business is heavily focused on India's southern region.
The marketing endeavours have decreased the company's profit margin and the competition has grown significantly in this area.
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Popular Vehicles & Services Ltd filed for an initial public offering (IPO) with SEBI that includes a fresh issue of Rs. 150 crores and an offer for sale of 42,66,666 (42.67 lakh) shares.
Popular Vehicles and Services IPO will finalize the allotment by <>.
Each Popular Vehicles and Services IPO lot has <> shares.
The IPO of Popular Vehicles and Services will be open for subscription from <>.
The minimum market lot size for the Popular Vehicles and Services IPO is <> shares.
Popular Vehicles and Services shares will be listed on both BSE as well as the National Stock Exchange (NSE).
The IPO size of Popular Vehicles and Services is Rs <> crore.
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Following allotment, the Popular Vehicles and Services shares will be credited to the Demat account.
No, you cannot use the same PAN to make multiple applications for this Popular Vehicles and Services IPO or any other public offering.
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Mr John Paul Kuttukaran is the owner of Popular Vehicles and Services.
