Popular Foundations Limited IPO
BSE SMEListed On: Sep 24, 2024 at ₹ 37.0
₹ 111000 /3000 Shares
Check Allotment13 Sep, 2024
Open Date19 Sep, 2024
Close Date20 Sep, 2024
Allotment Date24 Sep, 2024
Listing DateIssue Price
₹37 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdList Price
37.0Listing Date
2024-09-24Market Lot
3000 Shares (₹111,000/-)Lead Manager
Srujan Alpha Capital Advisors LlpIssue Size
5,370,000 shares(aggregating up to ₹19.87 Cr)Retail Portion
50%Subscription
9.27 times
The IPO of Popular Foundations is priced at ₹37 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.
Popular Foundations IPO bid opening date is from Sep 13, 2024 and the bid closing date was Sep 19, 2024.
Popular Foundations IPO allotment result will be available on Sep 20, 2024. The tentative listing date for Popular Foundations is Sep 24, 2024.
The total issue size is 5,370,000 shares(aggregating up to ₹19.87 Cr).
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 |
Popular Foundations Valuations
EPS Pre IPO
₹2.32/-EPS Post IPO
₹1.71/-P/E Pre IPO
15.97P/E Post IPO
21.68ROE
23.17%ROCE
22.77%RoNW
15.03%PAT Margin
6.70Price to Book Value
2.30Popular 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 |
| Net Worth | 2,313.11 | 1,483.69 | 1,384.08 |
| Reserves & Surplus | 812.31 | 1,383.69 | 1,284.08 |
| Total Borrowing | 1,578.4 | 1,753.99 | 1,835.37 |
About The Company
Founded in the year 1998, Popular Foundations Limited specializes in engineering and construction services. The organization provides complete turnkey solutions throughout the construction business.
The company specializes in construction practice in various sectors like 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. The company has executed successful projects apart from Chennai in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore.
The company has 86 employees at-site and at headquarters as of September 07, 2024.
Popular Foundations - Promoter(s)
Pre Issue Share Holding: 83.36%
Post Issue Share Holding: 61.39%
- 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.
Other Details
Popular Foundations
New No. 32/1, 32/2, Old No. 9/1, 9/2, Kamatchi Apartment, 10th Avenue, Ashok Nagar, Chennai - 600083Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
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.
