Popular Foundations IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 37 – 37
Lot Size
3000
Issue Size
₹19.87 Cr
Minimum Investment
₹222000 (6000 Shares)
Listing Date
24 September 2024
Subscription
9.27x
About the Company
Founded in 1998, Popular Foundations Limited specializes in engineering and construction services and offers comprehensive end-to-end solutions in the construction sector.
The company is dedicated to construction practice in various sectors such as factories, educational institutions, and commercial and residential projects. However, the company strategically focuses on non-residential and non-government construction projects in and around Chennai. Apart from Chennai, the company has successfully executed projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram and Coimbatore
Promoters
The promoters of the Company are
- Mr. Ananthanarayanan Sankaralingam Venkatesh
- Mrs. Vinita Venkatesh.
Promoters Holding
Holding Pre Issue
83.36%
Holding Post Issue
61.39%
Objects of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
- Funding the working capital requirements of the Company; and
- General corporate purposes.
Address / Contact Info
Popular Foundations Limited
New No. 32/1, 32/2, Old No. 9/1, 9/2,
Kamatchi Apartment, 10th Avenue,
Ashok Nagar, Chennai - 600083
Phone: +91 941498731
Email: info@grouppopular.com
Website: http://www.grouppopular.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 13 September 2024
IPO Close Date
Thursday, 19 September 2024
Basis of Allotment
Friday, 20 September 2024
Initiation of Refunds
Monday, 23 September 2024
Credit of Shares to Demat
Monday, 23 September 2024
Listing Date
Tuesday, 24 September 2024 — NSE & BSE
Important Dates
Open Date
13 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 6354.87 | 4864.7 | 4929.49 |
| Revenue | 5191 | 4866.89 | 2630.17 |
| Profit After Tax | 347.76 | 119.61 | 48.08 |
| Net Worth | 2313.11 | 1483.69 | 1384.08 |
| Reserve & Surplus | 812.31 | 1383.69 | 1284.08 |
| Total Borrowings | 1578.4 | 1753.99 | 1835.37 |
EPS Pre
2.32%
EPS Post
1.71%
P/E Pre
15.97
P/E (Post Issue)
21.68x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 23.17 |
| ROCE % | 22.77 |
| Debt / Equity | 0 |
| RoNW % | 15.03 |
| PbW | 2.3 |
| Pat Margin % | 6.7 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 270000 | 5.03 | 0 |
| Non-Institutional | 2550000 | 47.49 | 0 |
| Retail Investors | 2550000 | 47.49 | 0 |
| Total | 5370001 | 100 | 0 |
Subscription Status ( Thu, 19 Sep 24 01:42 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 2550000 | 9303000 | 3.65x |
| Retail Investors | 2550000 | 37962000 | 14.89x |
| Total | 5100000 | 47265000 | 9.27x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 111,000.00 |
| Retail (Max) | 1 | 3,000 | 111,000.00 |
| S-HNI (Min) | 2 | 6,000 | 222,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Srujan Alpha Capital Advisors Llp
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Popular Foundations IPO is a Fixed price IPO worth ₹19.87 crores. The price band is ₹37 to 37 per share. The IPO opens on Fri, Sep 13, 2024 and closes on Thu, Sep 19, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Popular Foundations IPO opens on Fri, Sep 13, 2024 and closes on Thu, Sep 19, 2024
Popular Foundations IPO Price Band is ₹37 to 37.
Popular Foundations IPO lot size is 3000, and the minimum amount required for application is ₹222000.
The minimum investment for Popular Foundations IPO is approximately ₹222000 based on the upper price band.
To apply for the Popular Foundations IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 19, 2024. After submission, funds are blocked until the basis of allotment of Popular Foundations IPO is finalised.
Popular Foundations IPO issue size is ₹19.87 crores.
Popular Foundations IPO allotment date is Sat, Jun 27, 2026.
The registrar for Popular Foundations IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Popular Foundations IPO through their official website or helpline.
The Popular Foundations IPO GMP (Grey Market Premium) is ₹0 as of Tue, Sep 24, 2024. Based on the upper price band of ₹37 per share, the estimated Popular Foundations IPO listing price is ₹37, indicating a potential listing gain of approximately 31% over the issue price.