{"id":4041,"date":"2024-03-17T17:00:41","date_gmt":"2024-03-17T17:00:41","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?p=4041"},"modified":"2025-03-04T05:25:58","modified_gmt":"2025-03-04T05:25:58","slug":"popular-vehicle-and-services-ipo-key-details-financials-strengths-and-weaknesses","status":"publish","type":"post","link":"https:\/\/wp-api.pocketful.in\/blog\/popular-vehicle-and-services-ipo-key-details-financials-strengths-and-weaknesses\/","title":{"rendered":"Popular Vehicle and Services IPO: Key Details, Financials, Strengths, and Weaknesses"},"content":{"rendered":"\n<p>The IPO market is buzzing again because Popular Vehicle and Services is looking to raise capital and is a market leader in selling and distributing old and new vehicles through its strong dealership network.<\/p>\n\n\n\n<p>In today\u2019s blog, we will uncover the details of the company\u2019s financial statements, strengths, weaknesses, key performance indicators, and issue details.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/popular-vehicle-and-services-ipo-key-details-financials-strengths-and-weaknesses\/#Overview_of_Popular_Vehicle_and_Services_IPO\" title=\"Overview of Popular Vehicle and Services IPO\">Overview of Popular Vehicle and Services IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/popular-vehicle-and-services-ipo-key-details-financials-strengths-and-weaknesses\/#Details_of_the_Issue\" title=\"Details of the Issue\">Details of the Issue<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/popular-vehicle-and-services-ipo-key-details-financials-strengths-and-weaknesses\/#Financial_Highlights_of_Popular_Vehicle_and_Services_IPO\" title=\"Financial Highlights of Popular Vehicle and Services IPO\">Financial Highlights of Popular Vehicle and Services IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/popular-vehicle-and-services-ipo-key-details-financials-strengths-and-weaknesses\/#Strengths\" title=\"Strengths\">Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/popular-vehicle-and-services-ipo-key-details-financials-strengths-and-weaknesses\/#Weaknesses\" title=\"Weaknesses&nbsp;\">Weaknesses&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/popular-vehicle-and-services-ipo-key-details-financials-strengths-and-weaknesses\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/popular-vehicle-and-services-ipo-key-details-financials-strengths-and-weaknesses\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-overview-of-popular-vehicle-and-services-ipo\"><span class=\"ez-toc-section\" id=\"Overview_of_Popular_Vehicle_and_Services_IPO\"><\/span>Overview of Popular Vehicle and Services IPO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Popular Vehicle and Services Limited was established in 1983, and over time, it established itself as a prominent player in the market. The company sells and distributes new and old vehicles, servicing, and distribution of spare parts. They also provide driving classes for new learners and engage in third-party financing and insurance. The company was established as the first batch of dealers by Maruti Suzuki.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/03\/City-driver-amico.png\" alt=\"\" class=\"wp-image-4044\" style=\"aspect-ratio:1.3333333333333333;object-fit:cover;width:384px;height:auto\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/03\/City-driver-amico-1024x1024.png 1024w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/03\/City-driver-amico-300x300.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/03\/City-driver-amico-150x150.png 150w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/03\/City-driver-amico-768x768.png 768w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/03\/City-driver-amico-1536x1536.png 1536w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/03\/City-driver-amico.png 2000w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-network\">Network<\/h3>\n\n\n\n<p>The company has a vast network which includes 61 showrooms, 133 sales and booking outlets, 32 pre-owned vehicles showrooms, 139 authorized service centres, and 24 warehouses, which is spread around 14 districts in Kerala, 12 districts in Tamil Nadu, and 9 districts in Maharashtra.<\/p>\n\n\n\n<p>In FY 2023, the company serviced 7,91,360 vehicles, 5,212 luxury vehicles, 1,63,013 commercial vehicles, 1,918 electric two-wheelers, and 857 three-wheelers through their 139 authorized service centers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-promoters\">Promoters<\/h3>\n\n\n\n<p>The company\u2019s promoters are John K. Paul, Francis K. Paul and Naveen Philip; they together own 65.79% shares of the company.R<\/p>\n\n\n\n<p><strong>Read Also:<\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/pune-e-stock-broking-limited-ipo-key-details-business-model-financials-strengths-and-weaknesses\/\"><strong> <\/strong>Pune E-Stock Broking Limited IPO: Key Details, Business Model, Financials, Strengths, and Weaknesses<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-details-of-the-issue\"><span class=\"ez-toc-section\" id=\"Details_of_the_Issue\"><\/span>Details of the Issue<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To raise the 601.55 crores that Popular Vehicles and Services Ltd. is seeking, a combination of both offers for sale (roughly 351.55 crores) and a new issue (roughly 250 crores) is being implemented. The lot of the issue will be 50 shares, the lower price band is 280 INR and the upper price band is 295 INR per share.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-key-details\">Key Details<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><tbody><tr><td><strong>Face Value of Share<\/strong><\/td><td>INR 2 per share<\/td><\/tr><tr><td><strong>Price Band<\/strong><\/td><td>INR 280 to INR 295<\/td><\/tr><tr><td><strong>Market Lot<\/strong><\/td><td>50 Shares<\/td><\/tr><tr><td><strong>Total Fresh Issue Size<\/strong><\/td><td>250 Crores<\/td><\/tr><tr><td><strong>Total Offer for Sale<\/strong><\/td><td>351.55 Crores<\/td><\/tr><tr><td><strong>Employee Discount<\/strong><\/td><td>INR 28 per share<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-timeline-of-ipo\">Timeline of IPO<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><tbody><tr><td><strong>IPO Open Date<\/strong><\/td><td>12<sup>th<\/sup> March 2024<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>14<sup>th<\/sup> March 2024<\/td><\/tr><tr><td><strong>Finalization of Allotment<\/strong><\/td><td>15<sup>th<\/sup> March 2024<\/td><\/tr><tr><td><strong>Refund &amp; Credit of shares into Demat account<\/strong><\/td><td>18<sup>th<\/sup> March 2024<\/td><\/tr><tr><td><strong>Listing Date on NSE &amp; BSE<\/strong><\/td><td>19<sup>th<\/sup> March 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-allotment-size\">Allotment Size<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Applicant<\/th><th class=\"has-text-align-center\" data-align=\"center\">Market Lot<\/th><th class=\"has-text-align-center\" data-align=\"center\">Share<\/th><th class=\"has-text-align-center\" data-align=\"center\">Amount (INR)<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Retailer (Min)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">1<\/td><td class=\"has-text-align-center\" data-align=\"center\">50<\/td><td class=\"has-text-align-center\" data-align=\"center\">14750<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Retailer (Max)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">13<\/td><td class=\"has-text-align-center\" data-align=\"center\">650<\/td><td class=\"has-text-align-center\" data-align=\"center\">191750<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Small High Net Worth Individual (Min)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">14<\/td><td class=\"has-text-align-center\" data-align=\"center\">700<\/td><td class=\"has-text-align-center\" data-align=\"center\">206500<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Small High Net Worth Individual (Max)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">67<\/td><td class=\"has-text-align-center\" data-align=\"center\">3350<\/td><td class=\"has-text-align-center\" data-align=\"center\">988250<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Big High Net Worth Individual (Min)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">68<\/td><td class=\"has-text-align-center\" data-align=\"center\">3400<\/td><td class=\"has-text-align-center\" data-align=\"center\">1003000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-objective-of-the-issue\">Objective of the Issue<\/h3>\n\n\n\n<p>The primary objective of the IPO is to repay a significant portion of the debt.<\/p>\n\n\n\n<p><strong>Read Also: <\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/mahindra-mahindra-case-study-products-financials-kpis-and-swot-analysis\/\">Mahindra &amp; Mahindra Case Study: Products, Financials, KPIs, and SWOT Analysis<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-financial-highlights-of-popular-vehicle-and-services-ipo\"><span class=\"ez-toc-section\" id=\"Financial_Highlights_of_Popular_Vehicle_and_Services_IPO\"><\/span>Financial Highlights of Popular Vehicle and Services IPO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-balance-sheet\">Balance Sheet<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2023<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2022<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2021<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Non-Current Assets<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">768.159<\/td><td class=\"has-text-align-center\" data-align=\"center\">656.185<\/td><td class=\"has-text-align-center\" data-align=\"center\">552.397<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Current Assets<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">734.079<\/td><td class=\"has-text-align-center\" data-align=\"center\">605.561<\/td><td class=\"has-text-align-center\" data-align=\"center\">564.997<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Assets<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">1503.780<\/td><td class=\"has-text-align-center\" data-align=\"center\">1263.288<\/td><td class=\"has-text-align-center\" data-align=\"center\">1118.936<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Equity<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">343.044<\/td><td class=\"has-text-align-center\" data-align=\"center\">279.886<\/td><td class=\"has-text-align-center\" data-align=\"center\">246.002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Non-Current Liabilities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">497.123<\/td><td class=\"has-text-align-center\" data-align=\"center\">461.160<\/td><td class=\"has-text-align-center\" data-align=\"center\">381.313<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Current Liabilities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">663.613<\/td><td class=\"has-text-align-center\" data-align=\"center\">522.242<\/td><td class=\"has-text-align-center\" data-align=\"center\">491.621<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">(All the above-mentioned figures in INR Crores)<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-income-statement\">Income Statement<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2023<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2022<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2021<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Revenue from Operations<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">4875.002<\/td><td class=\"has-text-align-center\" data-align=\"center\">3465.879<\/td><td class=\"has-text-align-center\" data-align=\"center\">2893.525<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Income<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">4892.628<\/td><td class=\"has-text-align-center\" data-align=\"center\">3484.199<\/td><td class=\"has-text-align-center\" data-align=\"center\">2919.252<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Expenses<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">4807.761<\/td><td class=\"has-text-align-center\" data-align=\"center\">3435.653<\/td><td class=\"has-text-align-center\" data-align=\"center\">2872.000<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Profit before tax<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">84.867<\/td><td class=\"has-text-align-center\" data-align=\"center\">48.546<\/td><td class=\"has-text-align-center\" data-align=\"center\">47.252<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Profit after tax<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">64.074<\/td><td class=\"has-text-align-center\" data-align=\"center\">33.669<\/td><td class=\"has-text-align-center\" data-align=\"center\">32.455<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">(All the above-mentioned figures in INR Crores)<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-cash-flow-statement\">Cash Flow Statement<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2023<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2022<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2021<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Cash flow from operating activities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">108.89<\/td><td class=\"has-text-align-center\" data-align=\"center\">69.69<\/td><td class=\"has-text-align-center\" data-align=\"center\">95.174<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Cash flow from investing activities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">(79.620)<\/td><td class=\"has-text-align-center\" data-align=\"center\">(41.384)<\/td><td class=\"has-text-align-center\" data-align=\"center\">(6.650)<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Cash flow from financing activities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">(23.844)<\/td><td class=\"has-text-align-center\" data-align=\"center\">(65.253)<\/td><td class=\"has-text-align-center\" data-align=\"center\">(70.676)<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">(All the above-mentioned figures in INR Crores)<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-kpis\">KPIs<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2023<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2022<\/th><th class=\"has-text-align-center\" data-align=\"center\">31<sup>st<\/sup> March 2021<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>EBITDA Margin<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">4.80%<\/td><td class=\"has-text-align-center\" data-align=\"center\">5.13%<\/td><td class=\"has-text-align-center\" data-align=\"center\">5.99%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Return on Equity (ROE)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">18.68%<\/td><td class=\"has-text-align-center\" data-align=\"center\">12.03%<\/td><td class=\"has-text-align-center\" data-align=\"center\">13.19%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Debt to Equity Ratio<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">1.47<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.33<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.44<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Profit after Tax Margin<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">1.31%<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.97%<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.11%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Return on Capital Employed (ROCE)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">18.32%<\/td><td class=\"has-text-align-center\" data-align=\"center\">16.79%<\/td><td class=\"has-text-align-center\" data-align=\"center\">17.09%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Net Debt\/EBITDA<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">2.03<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.97<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.68<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The EPS of the financial year ended 2022-23 comes at 10.22, based on which, the PE on the upper price band will come around 28.86x and on the lower price band will be around 27.39x.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strengths\"><span class=\"ez-toc-section\" id=\"Strengths\"><\/span>Strengths<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>1.&nbsp; The company has a <strong>very diversified product portfolio<\/strong>, such as the sale of new and old vehicles, driving school, insurance, etc.<\/p>\n\n\n\n<p>2.&nbsp; The company has a<strong> very vast network<\/strong> in Southern India, and they are expanding it to other parts of the country.<\/p>\n\n\n\n<p>3.&nbsp; Though the company\u2019s <strong>Debt-to-equity ratio <\/strong>has increased from 1.33 in March 2022 to 1.47 in March 2023, it is still below the industry average.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-weaknesses-nbsp\"><span class=\"ez-toc-section\" id=\"Weaknesses\"><\/span>Weaknesses&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>1.&nbsp; The company is <strong>majorly dependent on manufacturers<\/strong> such as Maruti Suzuki, Tata Motors, etc. Any policy changes could majorly impact their performance.<\/p>\n\n\n\n<p>2.&nbsp; <strong>Most of the company&#8217;s revenue comes from a specific region<\/strong>.<strong> <\/strong>Any policy changes made in the region could adversely impact the business.<\/p>\n\n\n\n<p>3.&nbsp; The company has <strong>inconsistent cash flow from operating activities.<\/strong> They reported cash flow figures as 95.174 crores for FY 2021 and 69.69 for FY 2022.<\/p>\n\n\n\n<p>4.&nbsp; The company operates at <strong>1.31% of profit after tax margin<\/strong>. Any changes in the pricing of raw materials could adversely affect its margins.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Popular Vehicles and services have a strong presence across the country, and their dealerships are considered among the most prominent in the industry. However, there are certain risks associated with investing in this company. Hence, it is suggested for an investor to go through all the risk factors before making any investment decision.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">S.NO.<\/th><th class=\"has-text-align-left\" data-align=\"left\">Check Out These Interesting Posts You Might Enjoy!<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>1<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/hindustan-unilever-limited-hul-case-study-key-acquisitions-business-model-financials-and-swot-analysis\/\">Hindustan Unilever Case Study<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>2<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/case-study-on-apple-marketing-strategy\/\">Case Study on Apple Marketing Strategy<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>3<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/reliance-power-case-study\/\">Reliance Power Case Study<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>4<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/case-study-on-burger-king-marketing-strategy\/\">Burger King Case Study<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>5<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/dmart-case-study-business-model-and-marketing-strategy\/\">D Mart Case Study<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\"><strong>What does the Popular vehicle and services company do?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">The company is engaged in selling and distribution of old and new vehicles. The company is also involved in spare parts distribution and vehicle repair in their authorized service center.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>The company is experiencing turbulent cash flows. Should we be worried about this?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">Whether or not this fact deters you from investing is a decision that should be taken after considering all the factors.\u00a0<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>What is the listing date of the popular vehicle company IPO?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">On NSE and BSE, the company&#8217;s listing is on 19th March 2024.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>Is the popular vehicle and services company in profit?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">Yes, based on the data provided by the company<strong> <\/strong>in their red herring prospectus, the company is posting profit from the last 3 years.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>What is the minimum amount a retail investor requires to apply for a popular vehicle company IPO?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">The minimum investment amount required by a retail investor is 14750 INR.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>The IPO market is buzzing again because Popular Vehicle and Services is looking to raise capital and is a market leader in selling and distributing old and new vehicles through its strong dealership network. In today\u2019s blog, we will uncover the details of the company\u2019s financial statements, strengths, weaknesses, key performance indicators, and issue details. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4047,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"is_paper_insight":false,"paper_insight_image":0,"paper_insight_pdf":0,"paper_insight_ppt":0,"footnotes":""},"categories":[17,15],"tags":[],"class_list":["post-4041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-study","category-investing"],"acf":{"freelancer":"Akash Gupta"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Popular Vehicle and Services IPO: Key Details, Financials, Strengths, and Weaknesses - Pocketful<\/title>\n<meta name=\"description\" content=\"Before investing in the Popular Vehicle and Services Company IPO, read the issue specifics, key metrics, and financial statements.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Popular Vehicle and Services IPO: Key Details, Financials, Strengths, and Weaknesses\" \/>\n<meta property=\"og:description\" content=\"Before investing in the Popular Vehicle and Services Company IPO, read the issue specifics, key metrics, and financial statements.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wp-api.pocketful.in\/blog\/popular-vehicle-and-services-ipo-key-details-financials-strengths-and-weaknesses\/\" \/>\n<meta property=\"og:site_name\" content=\"Pocketful\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Pocketful.HQ\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-17T17:00:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-04T05:25:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wp-api.pocketful.in\/blog\/wp-content\/uploads\/2024\/03\/popular-vehicles-banner.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1497\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pranit Mathur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Pocketful_HQ\" \/>\n<meta name=\"twitter:site\" content=\"@Pocketful_HQ\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Pranit Mathur\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Popular Vehicle and Services IPO: Key Details, Financials, Strengths, and Weaknesses - 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