Popular Vehicles & Services Limited is a diversified automobile dealership in India in terms of revenue for Fiscal 2023, having a fully integrated business model. 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 pre-owned vehicles, operating driving schools and facilitating the sale of third-party financial and insurance products. ;

Parent organisation

Popular Vehicles & Services Ltd

Popular Vehicles Financials

Revenue

Total Assets

Profit

All values are in ₹ Cr

Strengths & Risks

Strengths

Risks

Long standing presence in the automobile industry and well-established relationships with leading OEMs.

Penetration in markets in which the company operates 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.

The automotive industry is sensitive to changing economic conditions and various other factors. Any decline in demand for vehicles by individuals or entities may adversely impact its business prospects and results of operations.

The company is subject to the significant influence of its OEMs. The company's top two OEMs i.e., Maruti Suzuki and Tata Motors (commercial), account for more than 80% of the Company's consolidated revenue in the six months period ended September 30, 2023 and each of Fiscal 2023, 2022 and 2021. Such significant influence of its OEMs and restrictions imposed by them pursuant to the terms of its dealership agreements may adversely impact the company's business, results of operations, financial condition and prospects, including our ability to expand into new territories and acquire additional dealerships.

Non-renewal, termination or any adverse material modifications made by its OEMs to the dealership agreements, will have a material and adverse impact on its business prospects and results of operations.

The Company has not received the required approval from the Central Government for appointment of John K. Paul as a Whole-time Director of the Company. The company cannot assure you that such approval will be received in a timely manner.

Application details

For Popular Vehicles IPO, eligible investors can apply as Regular.

Apply as	Price band	Apply range	Lot size
Regular	₹280 - ₹295	Upto ₹2 Lakhs	50
High Networth Individual	₹280 - ₹295	₹2 - ₹5 Lakhs	50

Frequently Asked Questions

Home>IPO>Popular Vehicles & Services Ltd

Vaishnavi Tech Park, South Tower, 3rd FloorSarjapur Main Road, Bellandur, Bengaluru – 560103Karnataka

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