Popular Foundations IPO Details
The Popular Foundations IPO is a fixed price issue with a total issue size of ₹19.87 cr, comprising of fresh issue of 5370000 equity shares. Popular Foundations IPO opened for subscription on Sep 13, 2024 and closed on Sep 19, 2024. Popular Foundations IPO has set the price at ₹37 per share, with a lot size of 3000 shares. Minimum investment for Retail investors was ₹222,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 20, 2024, and listed on both the NSE and BSE on Sep 24, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Srujan Alpha Capital Advisors Llp are the Book Running Lead Manager for the issue.
Before investing in the Popular Foundations IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 37 – 37
- Lot Size
- 3000
- Issue Size
- ₹19.87 Cr
- Minimum Investment
- ₹222000 (6000 Shares)
- Listing Date
- 24 September 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- Srujan Alpha Capital Advisors Llp
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 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.
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 per share.
Popular Foundations IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹222000 based on the upper price band
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.
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.
Popular Foundations IPO issue size is ₹19.87 crores.
Popular Foundations IPO allotment date is Wed, Jul 1, 2026.
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.
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% over the issue price.