The automobile industry is one of the primary contributors to the Indian economy. Its current contribution to GDP is approximately 7% and it ranks fourth in the world for the thriving domestic auto market. In the fiscal year ended in March 2021, India produced approximately 23.4 million vehicles, of which nearly 17% were exported.<\/p>\n\n\n\n
Popular Vehicles and Services Ltd recently filed a draft red herring prospectus with the Securities and Exchange Board of India to raise funds via an initial public offering. The IPO consists of a fresh issue of shares worth \u20b91.5 billion and an offer for sale of up to 4.27 million shares by existing shareholders.<\/p>\n\n\n\n
The net proceeds will be used for repayment and prepayment of certain borrowings, including working capital loans of subsidiaries. Currently, the company has a total of \u20b93.53 billion outstanding under its fund-based and non-fund-based working capital and term loan facilities.<\/p>\n\n\n\n
Popular Vehicles and Services is a diversified automotive dealership in India with a presence across the automotive retail value chain. The services include the sale of new passenger and commercial vehicles, services & repairs, spare parts distribution, sale of used passenger vehicles, and facilitation of the sale of third-party finance and insurance products.<\/p>\n\n\n\n
The Cochin-based company currently has an extensive network of 59 showrooms, 99 sales outlets and booking offices, 83 authorized service centers, 29 retail outlets, and 25 warehouses located across all 14 districts of Kerala.<\/p>\n\n\n\n
The company operates under its main business segments namely passenger cars, luxury vehicles, and commercial vehicles<\/em>.<\/p>\n\n\n\n For fis\u0441\u0430l ye\u0430r 2021, the firm re\u0440\u043erted revenue from \u043e\u0440er\u0430ti\u043ens \u043ef \u20b928.9 billion \u0430g\u0430inst \u20b931.7 billion \u0430 ye\u0430r \u0430g\u043e. Net \u0440r\u043efit for the year st\u043e\u043ed at \u20b9324.5 million versus \u20b9124.9 million last ye\u0430r.<\/p>\n\n\n\n Meanwhile, automobile retailing is a highly competitive business, and the internet has changed the process significantly. Customers are using the internet to compare pricing for vehicles and related financial and insurance services, which may further reduce margins for Popular\u2019s new and used vehicles and profits for its financial and insurance services.<\/p>\n\n\n\n Further, the company faces competition from the unorganized sector, comprising unauthorized service centers, which may be able to provide servicing and maintenance services at lower prices. These factors would have an adverse effect on cash flows and the business as a whole.<\/p>\n","protected":false},"excerpt":{"rendered":" The automobile industry is one of the primary contributors to the Indian economy. Its current contribution to GDP is approximately 7% and it ranks fourth in the world for the thriving domestic auto market. In the fiscal year ended in March 2021, India produced approximately 23.4 million vehicles, of which nearly 17% were exported. Popular […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5748,12,10444],"tags":[9495,80,8183],"class_list":["post-124744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-other-industries","category-others","tag-auto-truck-dealerships","tag-automobile","tag-automotive-retail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128063,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-landmark-cars-ltd-files-papers-for-initial-public-offering\/","url_meta":{"origin":124744,"position":0},"title":"IPO Alert: Landmark Cars Ltd. files papers for initial public offering","author":"Nishad","date":"March 1, 2022","format":false,"excerpt":"The Indian private vehicle market is estimated to have expanded at a combined annual rate of around 7% since the fiscal year 2016, primarily due to demand growth is driven by improved affordability and the launch of new vehicles models. Sales of private vehicles are expected to grow at 8-10%\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":126147,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-droom-technology-files-papers-with-market-regulator-for-a-public-listing\/","url_meta":{"origin":124744,"position":1},"title":"IPO Alert: Droom Technology files papers with market regulator for a public listing","author":"Nishad","date":"December 15, 2021","format":false,"excerpt":"The automotive industry in India contributes 7.1% to the GDP, which is expected to increase to about 12% by 2026. The country\u2019s automobile market is seen growing at a compound annual rate of 17.3% and reach \u20b936,72,500 crores by 2026. India was the 5th largest car market in the world\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":126180,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-what-to-expect-when-maini-precision-products-goes-public\/","url_meta":{"origin":124744,"position":2},"title":"IPO Alert: What to expect when Maini Precision Products goes public","author":"Nishad","date":"December 21, 2021","format":false,"excerpt":"In India, the aerospace industry is growing significantly with the rising activities from both the defence and civil aviation sectors. The Indian aerospace & defence (A&D) market is projected to reach approximately $70 billion by 2030, driven by the rapid demand for advanced infrastructure and government thrust. In the defence\u2026","rel":"","context":"In "Industrials"","block_context":{"text":"Industrials","link":"https:\/\/alphastreet.com\/india\/category\/industrials\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":126358,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-bharat-fih-limited-files-paper-for-a-public-listing\/","url_meta":{"origin":124744,"position":3},"title":"IPO Alert: Bharat FIH Limited files paper for a public listing","author":"Nishad","date":"January 18, 2022","format":false,"excerpt":"The electronics industry, one of the fastest-growing businesses in India, is projected to grow at a compound annual rate of 25.5% and reach \u20b920,873 billion by 2026. The industry, which includes domestic manufacturing of electronic products and imports of finished goods, was valued at \u20b96,711 billion at the end of\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124899,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-metro-brands-limited-files-papers-to-go-public\/","url_meta":{"origin":124744,"position":4},"title":"IPO Alert: Metro Brands Limited files papers to go public","author":"Nishadkishore","date":"September 13, 2021","format":false,"excerpt":"The Indian footwear industry has witnessed increasing demand over the last few years amid a transition from value purchase to lifestyle purchase. 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