Popular Vehicles and Services Limited
- Minimum Investment₹14,000
- Price Range₹280 - ₹295
- Issue Size₹601.55 Cr
- Lot Size50 shares
Key Highlights
Proceeds of this IPO to be used for
Repayment and/or pre-payment, in full or part, of certain borrowings, availed by the company and certain of the subsidiaries
General corporate purpose
Strengths & Weaknesses of Popular Vehicles and Services Limited
Long standing presence
The company has a longstanding presence in the automobile industry and well-established relationships with leading OEMs
Market penetration
The company has significant market penetration in the regions where it operates, supported by innovative marketing strategies. Its network includes 29 showrooms and 85 sales outlets and booking offices for the sale of new passenger vehicles, 21 showrooms and 36 sales outlets and booking offices for the sale of commercial vehicles, 81 authorized service centers for servicing and repair of passenger vehicles, and 44 authorized service centers for servicing and repair of commercial vehicles. Additionally, it has 9 dedicated showrooms and 22 sales outlets and booking offices for the sale of pre-owned passenger vehicles
Fully integrated business model
The company boasts diversified automobile dealerships and a fully integrated business model, contributing to its status as a leading player in the automobile dealership sector
Dependent on few states
A large portion of the company's business operations are concentrated in the states of Kerala, Tamil Nadu, and Karnataka. Any adverse developments in these states could negatively affect the business
Increasing competition
Increasing competition among automotive dealerships through both online and offline marketing is reducing profit margins on vehicle sales and related businesses
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, its subsidiaries, promoters, and directors. Adverse outcomes in such proceedings may negatively impact the business
Financials
Earnings Per Share
No Data
Balance Sheet
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Cash Flow
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About Popular Vehicles and Services Limited
- PromoterJohn K Paul
- PromoterFrancis K Paul
- PromoterNaveen Philip