Popular Foundations IPO will open for subscription from 13 September 2024. The company aims for an issue size of ₹19.87 Cr through this IPO.
Company Overview
| Full name | Popular Foundations Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://www.grouppopular.com/ |
About Company
Popular Foundations specializes in engineering and construction activities, providing comprehensive end-to-end solutions in the construction sector in and around Chennai. The company caters to various verticals such as factories, educational institutions, and commercial, and residential projects.
The company excels in obtaining contracts within the institutional and hospitality sectors, showcasing a robust track record of quality and reliability. Popular Foundations has gained recognition among numerous educational institutions, industries, and commercial establishments because of its engineering, architecture, and interior and exterior fit-out expertise. The company has successfully undertaken projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore. As of September 2024, the company had 86 employees at the construction site and registered Office including its key managerial persons.
The Objectives of the Issue
- 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 IPO Timetable
| IPO Opening date | 13 September 2024 |
| IPO Closing | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation Refund | 23 September 2024 |
| Credit to Demat Account | 23 September 2024 |
| Listing Date | 24 September 2024 |
Popular Foundations IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹19.87 Cr – 5,370,000 shares |
| Fresh Issue | ₹19.87 Cr – 5,370,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹37 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 270,000 shares |
| Shareholding pre-issue | 15,008,000 |
| Shareholding post-issue | 20,378,000 |
| Listing Exchange | BSE SME |
Popular Foundations IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹111,000 |
| Retail (Max) | 1 | 3000 | ₹111,000 |
| HNI (Min) | 2 | 6,000 | ₹222,000 |
Popular Foundations Offer Documents
Popular Foundations IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 2,70,000 (5.03%) |
| Other Shares Offered | 25,50,000 (47.49%) |
| Retail Shares Offered | 25,50,000 (47.49%) |
| Total Shares Offered | 53,70,001 (100%) |
Popular Foundations Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 25.89 | 47.10 | 51.82 |
| Expenses | 25.92 | 47.31 | 46.53 |
| Net income | 0.48 | 1.20 | 3.48 |
Popular Foundations Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.38 | 0.96 | 2.41 |
| PE ratio | – | – | 15.35 |
| RONW (%) | 3.47 | 8.06 | 15.03 |
| NAV | 11.07 | 11.87 | 16.06 |
| ROCE (%) | 9.39 | 11.85 | 22.77 |
| EBITDA (%) | 10.08 | 6.65 | 13.68 |
| Debt/Equity | 1.33 | 1.18 | 0.68 |
Company Promoters
- Mr. Ananthanarayanan Sankaralingam Venkatesh
- Mrs. Vinita Venkatesh
Promoter Holding
| Pre Issue Share Holding | 83.36% |
| Post Issue Share Holding | 61.39% |
Popular Foundations Offer GMP Update
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 23-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 23-Sep-2024 8:56 |
| 22-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 22-Sep-2024 23:25 |
| 21-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 21-Sep-2024 23:31 |
| 20-09-2024 Allotment | 37.00 | ₹0 | — | ₹37 (0%) | 20-Sep-2024 23:27 |
| 19-09-2024 Close | 37.00 | ₹0 | — | ₹37 (0%) | 19-Sep-2024 23:27 |
| 18-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 18-Sep-2024 23:32 |
| 17-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 17-Sep-2024 23:23 |
| 16-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 16-Sep-2024 23:29 |
| 15-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 15-Sep-2024 23:24 |
| 14-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 14-Sep-2024 23:26 |
| 13-09-2024 Open | 37.00 | ₹0 | — | ₹37 (0%) | 13-Sep-2024 23:30 |
| 12-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 12-Sep-2024 23:23 |
| 11-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 11-Sep-2024 23:27 |
| 10-09-2024 | 37.00 | ₹0 | — | ₹37 (0%) | 10-Sep-2024 23:29 |
Popular Foundations IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 25,50,000 | 25,50,000 | 51,00,000 |
| 19 Sep 2024 | 3.65 | 14.89 | 9.27 |
| 18 Sep 2024 | 2.80 | 11.83 | 7.32 |
| 17 Sep 2024 | 2.19 | 8.03 | 5.11 |
| 16 Sep 2024 | 1.59 | 5.06 | 3.32 |
| 13 Sep 2024 | 0.90 | 1.48 | 1.19 |
Popular Foundations IPO Allotment Status
Popular Foundations IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Popular Foundations IPO Listing Details
| Listing Date | 24 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Popular Foundations IPO Lead Manager(s)
SRUJAN ALPHA CAPITAL ADVISORS LLP
824 & 825, Corporate Avenue
Sonawala Road , Goregaon (E)
Mumbai – 400063
Phone: +91 2246030709
E-mail: jinesh@srujanalpha.com
Website: www.srujanalpha.com
Popular Foundations Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Popular Foundations 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, Tamilnadu, India
Phone: +91 9414987318
E-mail: info@grouppopular.com
Website: www.grouppopular.com
Popular Foundations IPO FAQs
What is Popular Foundations offer size?
Popular Foundations offer size is ₹ 19.87 crores.
What is Popular Foundations offer price band?
Popular Foundations public offer price is ₹ 37 per share.
What is the lot size of Popular Foundations Offer?
Popular Foundations offer lot size is 3,000 shares.
What is Popular Foundations Offer GMP today?
Popular Foundations IPO GMP today is ₹ NA per share.
What is Popular Foundations kostak rate today?
Popular Foundations kostak rate today is ₹ NA per application.
What is Popular Foundations IPO Subject to Sauda rate today?
Popular Foundations’s Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Popular Foundations IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
