Popular Foundations Limited IPO

BSE SME

Listed On: Sep 24, 2024 at ₹ 37.0

₹ 111000 /3000 Shares

Check Allotment

Popular Foundations IPO Details

13 Sep, 2024

Open Date

19 Sep, 2024

Close Date

20 Sep, 2024

Allotment Date

24 Sep, 2024

Listing Date

Issue Price

₹37 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

37.0

Listing Date

2024-09-24

Market Lot

3000 Shares (₹111,000/-)

Lead Manager

Srujan Alpha Capital Advisors Llp

Issue Size

5,370,000 shares(aggregating up to ₹19.87 Cr)

Retail Portion

50%

Subscription

9.27 times

IPO Docs

DRHP RHP

Popular Foundations IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	2,550,000	2,550,000	5,110,000
Day 1 - 13-09-24 06:00 PM	0.90 x	1.48 x	1.19 x
Day 2 - 16-09-24 06:00 PM	1.48 x	5.06 x	3.27 x
Day 3 - 17-09-24 06:00 PM	2.09 x	8.03 x	5.06 x
Day 4 - 18-09-24 06:00 PM	2.69 x	11.80 x	7.25 x
Day 5 - 19-09-24 06:00 PM	3.65 x	14.89 x	9.27 x

Total No. of Applications: 23,785 (Approx)

Popular Foundations Valuations

EPS Pre IPO

₹2.32/-

EPS Post IPO

₹1.71/-

P/E Pre IPO

15.97

P/E Post IPO

21.68

RoNW

15.03%

Popular Foundations Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	6,354.87	4,864.7	4,929.49
Revenue	5,191	4,866.89	2,630.17
Profit After Tax	347.76	119.61	48.08

About The Company

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 - Promoter(s)

Pre Issue Share Holding: 83.36%

Post Issue Share Holding: 61.39%

Company Promoter(s)

Mr. Ananthanarayanan Sankaralingam Venkatesh
Mrs. Vinita Venkatesh

Popular Foundations IPO - Issue Objectives

Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
Funding the working capital requirements of the Company
General corporate purposes.

Popular Foundations IPO - FAQs

Ans. Popular Foundations Limited IPO is a SME IPO. The issue is priced at ₹37 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Sep 13, 2024, and closes on Sep 19, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Popular Foundations Limited IPO opens on Sep 13, 2024 and closes on Sep 19, 2024.

Ans. The size of Popular Foundations Limited IPO is 5,370,000 shares(aggregating up to ₹19.87 Cr).

Ans. The IPO price band is set between ₹37 per equity share.

Ans. To apply for Popular Foundations Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Popular Foundations Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Popular Foundations Limited IPO is Sep 20, 2024.

Ans. The Popular Foundations Limited IPO will be listed on Sep 24, 2024.

Ans. Follow the steps to check the allotment status for Popular Foundations Limited IPO here.