Popular Foundations IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 13 Sep 2024
Close Date
Thu, 19 Sep 2024
Issue Price
₹ 37
Lot Size
3000
Issue Size
₹ 19.87 Cr
Minimum Investment
₹ 222,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Popular Foundations IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹19.87 Crore, comprising a fresh issue of 53.70 Lakh equity shares aggregating to ₹19.87 Crore.
The Popular Foundations IPO remained open for subscription from September 13, 2024, to September 19, 2024. The basis of allotment was finalized on September 20, 2024, and the company's shares were listed on BSE SME Platform on September 24, 2024.
The company had fixed the price at ₹37 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹222,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Srujan Alpha Capital Advisors Llp acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Popular Foundations Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Popular Foundations IPO Timeline (Tentative)
- IPO Open Date
- Fri, 13 Sep 24
- IPO Close Date
- Thu, 19 Sep 24
- Basis of Allotment
- Fri, 20 Sep 24
- Initiation of Refunds
- Mon, 23 Sep 24
- Credit of Shares to Demat
- Mon, 23 Sep 24
- Listing Date
- Tue, 24 Sep 24 — NSE & BSE
Open Date
13 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
IPO Subscription
Check Live Subscription →The Popular Foundations IPO has received bids for 4,72,65,000 shares against 51,00,000 shares offered, resulting in an overall subscription of 9.27x. the NII category is subscribed 3.65x, Retail Investors 14.89x, and QIBs 0x.
QIB
0x
NII
3.65x
RII
14.89x
Total
9.27x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 25,50,000 shares, representing 47.49% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 25,50,000 shares (47.49%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 270,000 | 5.03% |
| Non-Institutional | 2,550,000 | 47.49% |
| Retail Investors | 2,550,000 | 47.49% |
| Total | 5,370,001 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Popular Foundations Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 23.17 |
| ROCE % | 22.77 |
| RoNW % | 15.03 |
| PbW | 2.3 |
| Pat Margin % | 6.7 |
Peers Comparison
No Peer Comparision Available
About Popular Foundations Limited
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
Popular Foundations IPO 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%
Popular Foundations IPO Objective
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.
Popular Foundations Limited Address / Contact Details
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
Popular Foundations IPO Lot Size
The Popular Foundations IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹1,11,000 by applying for 1 lot (3,000 shares). The maximum application allowed for the retail category is 1 lots (3,000 shares), requiring an investment of ₹1,11,000.
| 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 |
Issue Reservation
- Market Maker — 5.03%
- NII — 47.49%
- RII — 47.49%
Book Running Lead Managers
- Srujan Alpha Capital Advisors Llp
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Popular Foundations IPO?
Popular Foundations IPO is a Fixed price IPO with a total issue size of ₹19.87 crore. The Popular Foundations IPO price band is ₹37 to 37 per share. The Popular Foundations IPO subscription opens on Fri, Sep 13, 2024, and closes on Thu, Sep 19, 2024. The Popular Foundations IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Popular Foundations IPO.
When will the Popular Foundations IPO open for subscription?
The Popular Foundations IPO opens on Fri, Sep 13, 2024 and closes on Thu, Sep 19, 2024
What is Popular Foundations IPO Price Band?
Popular Foundations IPO Price Band is ₹37 to 37 per share.
What is Popular Foundations IPO Lot Size?
Popular Foundations IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹222000 based on the upper price band
What is the minimum investment for Popular Foundations IPO?
The minimum investment for Popular Foundations IPO is ₹222000, based on one lot of 3000 shares at the upper price band of ₹37 per share.
How to apply for Popular Foundations IPO?
Investors can apply for the Popular Foundations IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 19, 2024. The application amount remains blocked until the Popular Foundations IPO allotment is finalized.
What is Popular Foundations IPO Issue Size?
Popular Foundations IPO issue size is ₹19.87 crores.
What is the Popular Foundations IPO Allotment Date?
Popular Foundations IPO allotment date is Fri, Sep 20, 2024.
Who is the Popular Foundations IPO Registrar?
The registrar for Popular Foundations IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Popular Foundations IPO allotment status, refund processing, and other IPO-related information.
What is the Popular Foundations IPO GMP?
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 0.00% over the issue price.
Who is the Popular Foundations IPO Lead Manager?
The book-running lead managers (BRLMs) for the Popular Foundations IPO are Srujan Alpha Capital Advisors Llp. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Popular Foundations IPO Red Herring Prospectus (RHP).