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Popular Vehicles

Popular Vehicles and Services oversees the entire lifecycle of a vehicle, which includes selling new cars, maintaining and repairing them, distributing spare parts, buying and selling pre-owned cars, conducting driving instruction, and assisting in the sale of insurance and financial products to third parties.
The business is divided into three main business segments: (a) passenger vehicle dealerships, which sell premium, luxury, and economy cars from Maruti Suzuki India Limited, Honda Cars India Limited, and Jaguar Land Rover India Limited; (b) commercial vehicle dealerships, which represent Daimler India Commercial Vehicles Private Limited and Tata Motors Limited; and (c) dealerships for electric three- and two-wheelers, which are owned by Piaggio Vehicles Private Limited and Ather Energy Private Limited, respectively.

 

Popular Vehicles and Services has 59 showrooms, 126 sales locations and booking offices, 31 showrooms and outlets for pre-owned cars, 134 authorized service centers, 40 retail locations, and 24 warehouses as of July 31, 2023. This network covers 12 districts in Tamil Nadu, 7 districts in Maharashtra, 8 districts in Karnataka, and 14 districts in Kerala. 10,275 people were employed by Popular Vehicles and Services as of July 31, 2023, throughout all of its business verticals.

Popular Vehicles IPO Details

Signature Global IPO Details
Popular Vehicles IPO Dates
12 – 14 March 2024
Popular Vehicles Issue Price
INR 280 – 295 per share
Fresh issue
INR 250 crore
Offer For Sale
11,917,075 shares (INR 333.68 – 351.55 crore)
Total IPO Size
INR 583.68 – 601.55
Minimum bid (size)
50 shares (INR 14,750)
Face Value
INR 2 per share
Retail Allocation
35%
Listing On
BSE, NSE

Popular Vehicles and Services Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

H1 FY 24

Revenue

2,893.53

3,465.88

4,875.00

2,835.00

Expenses

2,872.00

3,435.65

4,807.76

2,795.94

Net income

32.46

33.67

64.07

40.04

Margin (%)

1.21

0.97

1.31

1.41

Figures in INR Crore unless specified otherwise

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