1.Company Information

Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India. Popular Vehicles provides complete services throughout the life cycle of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales. The company's business can be divided into three segments
1.Passenger vehicles including luxury vehicles,
2.Commercial vehicles and
3.Electric two-wheeler and three-wheeler vehicles
The company currently operates through a vast network consisting of 59 showrooms, 126 sales outlets and booking offices, 31 pre-owned vehicle showrooms and outlets, 134 authorized service centres, 40 retail outlets, and 24 warehouses across 14 districts of Kerala, eight districts in Karnataka, 12 districts in Tamil Nadu, and seven districts in Maharashtra. In addition to its showrooms, the sales outlets and booking offices facilitate its sales, whereas the retail outlets are responsible for selling and distributing spare parts and accessories.
In FY 2023, the company serviced 791,360 vehicles - 5,212 luxury, 163,013 commercial, 1,918 electric two-wheeler, and 857 electric three-wheeler vehicles - through 130 authorized service centres across dealerships.

2. Objects of the Issue (Rashi Peripherals IPO Objectives)

The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:

1.Repayment and/or pre-payment, in full or part, of certain borrowings, availed by the company and certain of the subsidiaries, namely, VMPL, PAWL, PMMIL, KGPL, KCPL and PMPL.
2.General corporate purposes.

3.Popular Vehicles & Services IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: popularvehicles.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html