Within the automobile business, the "Popular Group" has a diverse presence and a wealth of knowledge. Popular Vehicles & Services Ltd. (PVS), which was founded in 1983–1984, was one of the first Maruti dealers to be hired in India. Popular Vehicles extended its dealership network in 1995 to encompass not only Maruti but also various other brands including Bajaj Two and Three-wheeler vehicles located in Ernakulam District and Bangalore. The company was founded on July 5, 1983, and it is based in Cochin. It is a Public Limited Company.
The Popular Group is a multi-sector automotive company that manufactures passenger automobiles, two-wheelers, construction and earthmoving equipment, and other vehicles. Under the direction of Mr. Saju K. Thomas, a well-known member of the well-known KUTTUKARAN FAMILY with a history spanning more than 60 years in the automotive sector, especially with respect to Indian majors like Maruti, TELCO, Bajaj, and Toyota.
Let's delve into some key insights that shed light on the current state of popular vehicles -
Consumer Trends in 2024
According to Deloitte's Global Automotive Consumer Study, several trends are reshaping the industry. Notably, there is a growing interest in vehicle electrification, with challenges like high prices and range anxiety affecting consumer adoption rates. Moreover, younger consumers are increasingly open to vehicle subscriptions as an alternative to ownership, reflecting shifting attitudes towards mobility.
Popular vehicles IPO Details -
According to the DRHP filed on October 23, the IPO comprises a fresh issuance of shares valued at ₹250 crore and an offer-for-sale (OFS) segment of 1.42 crore equity shares by Banyantree Growth Capital II, LLC.
Popular vehicles Share Price -
Each share of Popular Vehicles holds a face value of ₹ 2, with the current stock price standing at ₹801 per share. The price band for the Popular Vehicles IPO has not been revealed at this time.
The Impact of Connectivity
Connectivity features in vehicles are gaining traction, offering updates on maintenance, traffic safety, and route suggestions. However, willingness to pay extra for these technologies remains relatively low in developed markets. This highlights a disconnect between interest and monetization potential in this area.
Brand Preferences and Purchasing Factors
There are differences amongst marketplaces when it comes to the brands of vehicles that are chosen. Whereas performance and product quality are more important in other nations, such China and India, price plays a major role in industrialized countries like the United States and Germany. Automobile manufacturers who want to satisfy a wide range of customer demands must comprehend these subtleties.
Below is the process for purchasing Popular Vehicles and Services Unlisted Shares through Planify:
1. Verify the booking of Unlisted Shares for Popular Vehicles and Services with Planify at a predetermined trading price.
2. If the client master report is not accessible, please contact the broker. If the money are not being transferred from the appropriate bank account listed in the CMR Copy, please provide your PAN card and cancelled check. Per SEBI standards, these documents are necessary for KYC compliance.
3. Receive the bank details from us.
4. Transfer the funds to the provided account.
5. Make the payment via RTGS/NEFT/IMPS or Cheque Transfer; cash deposits are not accepted.
6. Ensure that the payment originates from the same account where the shares are to be credited.
7. Shares will be transferred within 24 hours if funds are received before 2 pm.
Please take note that there is a mandatory lock-in period of 6 months for selling Popular Vehicles and Services Unlisted Shares post listing. Therefore, any shares purchased during the Pre-IPO phase cannot be sold until 6 months have elapsed from the listing date. Subsequently, selling is permissible only after this 6-month period has lapsed.
Looking Ahead: Opportunities and Challenges
As the automotive sector is changing, there are many chances for innovation and expansion. Companies hoping to prosper in this dynamic industry will need to be able to adjust to new trends, which range from changes in ownership models to developments in electric vehicles.
In summary, the world of popular cars is a dynamic field that is influenced by market dynamics, consumer tastes, and technology developments. Consumers and industry stakeholders may confidently traverse this dynamic terrain by remaining up to date on emerging trends and embracing innovation.
