/ 50 Shares
12-Mar-2024 - 14-Mar-2024
₹ 280 - ₹ 295
₹ 14750.00
50
20,395,205
Face Value - ₹ 2/- Per Share
Listing at NSE BSE
142,504 Application Required in Retail for 1 Time.
Registrar : Link Intime India Private Ltd
Fresh issue of equity shares aggregating upto Rs. 250 Cr and Offer for Sale of 11,917,075 Equity Shares
Category | % | Shares/Amount |
---|---|---|
QIB | 50% | 10,178,875 Shares Rs.300.28 Cr |
HNI 1 | 5% | 1,017,888 Shares Rs.30.03 Cr @ 1454 Form 1X |
HNI 2 | 10% | 7,125,214 Shares Rs.210.19 Cr @ 2908 Form 1X |
Retail | 35% | 10,178,875 Shares Rs.300.28 Cr @ 142504 Form 1X |
Employee | 0% | 37,453 Shares Rs. 1.10 Cr |
BRLMs: ICICI Securities, Nuvama Wealth, Centrum Capital
Retail (Upto 2 Lakh) | HNI (2 Lakh to 10 Lakh) | HNI (Above 10 Lakh) |
---|---|---|
142504 Form 1X | 1454 Form 1X | 2908 Form 1X |
Category | Lots | Shares | Amount |
---|---|---|---|
Retail (Upto 2 Lakh) | 1 | 50 | ₹ 14,750 |
Retail (Upto 2 Lakh) | 13 | 650 | ₹ 191,750 |
S-HNI (2 Lakh to 10 Lakh) | 14 | 700 | ₹ 206,500 |
S-HNI (2 Lakh to 10 Lakh) | 67 | 3350 | ₹ 988,250 |
B-HNI (Above 10 Lakh) | 68 | 3400 | ₹ 1,003,000 |
Polular Vehicles and Services Limited (“PVSL”) was incorporated on July 5, 1983. The Kuttukaran Group company, PVSL is a leading diversified automobile dealership in India in terms of revenue as of Fiscal 2023, having a fully integrated business model. PVSL caters 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.
PVSL categorises their automobile dealership business into 3 key segments, namely, (a) Passenger Vehicles including luxury vehicles, (b) Commercial Vehicles and (c) Electric 2-wheeler and 3-wheeler Vehicles.
PVSL operates passenger vehicle dealerships of Maruti Suzuki, Honda and JLR. The company operates commercial vehicle dealerships of Tata Motors (Commercial) and BharatBenz.
The company entered the electric 2-wheeler and 3-wheeler vehicles segment in 2021 and they operate their electric 2-wheeler and 3-wheeler vehicle dealerships of Ather and Piaggio, respectively.
Company’s services, repairs and maintenance under each of their dealerships include work undertaken during warranty period, outside warranty period paid by the customer, running repair and collision repair services.
They also deal in the exchange, acquisition and sale of pre-owned passenger vehicles across their vehicle dealerships.
As of December 31, 2023, PVSL operated through their network of 61 showrooms, 133 sales outlets and booking offices, 32 pre-owned vehicle showrooms and outlets, 139 authorised service centres, 43 retail outlets, and 24 warehouses located across 14 districts of Kerala, 8 districts in Karnataka, 12 districts in Tamil Nadu and 9 districts in Maharashtra.
During the 6 months ended September 30, 2023, they sold an aggregate of 16,476 new passenger vehicles, 5,350 new commercial vehicles and 2,167 new electric 2-wheeler and 3-wheeler vehicles.
The revenue from servicing of passenger vehicles and commercial vehicles has seen a significant increase, from ?365.16 crore and ?67.51 crore in Fiscal 2021 to ?571.61 crore and ?141.87 crore in Fiscal 2023, respectively.
In Fiscal 2023, they were ranked ‘All India Highest in the Bodyshop Load’ for Maruti Suzuki. Further, the number of electric 2-wheeler and 3-wheeler vehicles sold by them has also increased from 252 in Fiscal 2022 to 3,381 in Fiscal 2023.
Competitive Strength
Business Strategies
Jacob Kurian is the Chairman and Non-Executive Independent Director of the company. John K. Paul is the Whole-time Director of the company. Francis K. Paul is a Whole-time Director of the company. Naveen Philip is a Managing Director of the company. Preeti Reddy is a Non-Executive Independent Director of the company. George Joseph is a Non-Executive Independent Director of the company. Rakesh Kumar Bhutoria is the Non-Executive Nominee Director of the company. Varun T.V is the Company Sec
Popular Vehicles & Services Limited's revenue increased by 40.42% and profit after tax (PAT) rose by 90.31% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 1,941.78 | 1,503.78 | 1,263.29 | 1,118.94 |
Revenue | 2,848.21 | 4,892.63 | 3,484.20 | 2,919.25 |
Profit After Tax | 40.04 | 64.07 | 33.67 | 32.46 |
Net Worth | 384.21 | 343.04 | 279.89 | 246.00 |
Reserves and Surplus | 371.67 | 330.50 | 267.34 | 233.46 |
Total Borrowing | 764.61 | 505.01 | 371.91 | 353.04 |
Amount in ? Crore |
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