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.
As of September 07, 2024, the company employed 86 employees on-site and at headquarters, including senior executives.
Popular Foundations IPO – Details
| IPO Opening Date | 13 September 2024 |
| IPO Closing Date | 19 September 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 53,70,000 Shares Worth ₹19.87 Crore Fresh Issue: 53,70,000 Shares Worth ₹19.87 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹37 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Popular Foundations IPO – Date Schedule
| IPO Open Date | 13 September 2024 |
| IPO Close Date | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation of Refund | 23 September 2024 |
| Credit of Shares to Demat Account | 23 September 2024 |
| IPO Listing Date | 24 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2024 |
Popular Foundations IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,11,000 |
| Retail (Max) | 1 | 3000 | ₹1,11,000 |
| HNI (Min) | 2 | 6000 | ₹2,22,000 |
Competitive Strengths
- Experienced Management Team.
- Building Excellence – A Team Led by Seasoned Leadership and Expert Engineers.
- Company’s Supremacy in Quality Design.
- One Brand, One Standard, One Uniform Quality.
- Timely Delivery and Reputation Building.
- Robust Standard Operating Procedures.
- Professional Management and Ethical Practices.
- Expertise in civil construction – thriving in hospitality and educational institutional sectors.
- Robust business model driving excellence in construction.
- Established brand and reputation.
- Operation methodology.
- Quality Assurance and Standards.
Company Promoters
- Mr. Ananthanarayanan Sankaralingam Venkatesh
- Mrs. Vinita Venkatesh
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 26.30 | 25.91 | 0.48 | 18.35 |
| 31 March 2023 | 48.66 | 47.31 | 1.19 | 17.53 |
| 31 March 2024 | 51.91 | 46.53 | 3.47 | 15.78 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.17% |
| ROCE | 22.77% |
| RoNW | 15.03% |
| P/BV | 2.3 |
| PAT Margin (%) | 6.7 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.32 | 1.71 |
| P/E (x) | 15.97 | 21.68 |
Object 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 Promoter Holding
| Pre Issue Share Holding | 83.36% |
| Post Issue Share Holding | 61.39% |
Popular Foundations IPO Prospectus
Company Contact Information
| 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/ |
Popular Foundations IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Popular Foundations IPO Lead Manager(s)
| 1. Srujan Alpha Capital Advisors LLP |
Popular Foundations IPO FAQs
| What is Popular Foundations IPO? Popular Foundations IPO is a SME IPO. The issue is priced at ₹37 per equity share. The IPO is to be listed on BSE SME. |
| When Popular Foundations IPO will open? The IPO is to open on 13 September 2024 for QIB, NII, and Retail Investors. |
| What is Popular Foundations IPO Investors Portion? The investors’ portion for Retail is 50%, and NII is 50%. |
| How to Apply the Popular Foundations IPO? You can apply Popular Foundations IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Popular Foundations IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Popular Foundations IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Popular Foundations IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Popular Foundations IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Popular Foundations IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Popular Foundations IPOO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Popular Foundations IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Popular Foundations IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Popular Foundations IPO Size? Popular Foundations IPO size is ₹19.87 Crore. |
| What is Popular Foundations IPO Price Band? Popular Foundations IPO Price Band is ₹37. |
| What is Popular Foundations IPO Minimum and Maximum Lot Size for retail? The minimum bid is 3000 Shares with ₹1,11,000 amount while the maximum bid is 3000 Shares with ₹1,11,000. |
| What is the Popular Foundations IPO Allotment Date? Popular Foundations IPO allotment date is 20 September 2024. |
| What is the Popular Foundations IPO Listing Date? Popular Foundations IPO listing date is 24 September 2024. The IPO is to be listed on BSE SME. |
