Popular Foundations IPO
Popular Foundations is a BSE SME IPO listed on the BSE SME platform, priced at ₹37 per share. The stock debuted at ₹37 with a flat listing performance. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,11,000.
Popular Foundations Limited IPO
- IPO Dates
- Sep 13, 2024 – Sep 19, 2024
- Price band
- ₹37 per equity share
- Minimum Investment
- ₹1,11,000
- Issue size
- ₹19.87 Cr
- Lot size
- 3000
- Allotment Date
- Sep 20, 2024
- Listing
- Sep 24, 2024
- Listing At
- BSE SME
IPO timeline
-
Sep 13, 2024
Open Date
Completed
-
Sep 19, 2024
Close Date
Completed
-
Sep 20, 2024
Allotment Date
Completed
-
Sep 24, 2024
Listing Date
Completed
Popular Foundations IPO Essentials
Popular Foundations IPO Details
Popular Foundations IPO is priced at ₹37 per share with a total issue size of 19.87 crore. The IPO has a lot size of 3000 shares and is listed on BSE SME.
- Issue price
- ₹37 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,370,000 shares(aggregating up to ₹19.87 Cr)
- Total issue size
- 53,70,000 shares
(aggregating up to ₹19.87 crore) - Fresh issue
- 53,70,000 shares
(aggregating up to ₹19.87 crore) - Listing at
- BSE SME
- List price
- 37.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Srujan Alpha Capital Advisors Llp
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3000 | ₹1,11,000 |
| Retail(max) | 1 | 3000 | ₹1,11,000 |
| NII (min) | 2 | 6000 | ₹2,22,000 |
Popular Foundations IPO Reservation
Popular Foundations IPO reservation details show category-wise allocation of shares. Out of the total 53,70,001 shares, approximately 47.49% for retail investors, and 5.03% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 2,70,000 (5.03%) | |
| Retail Shares Offered | 25,50,000 (47.49%) | |
| Total Shares Offered | 53,70,001 (100%) |
Popular Foundations IPO Analytics
Popular Foundations IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Popular Foundations IPO Subscription Status
Popular Foundations IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹2.32/-
- EPS Post IPO
- ₹1.71/-
- P/E Pre IPO
- 15.97
- P/E Post IPO
- 21.68
Returns
- ROE
- 23.17%
- ROCE
- 22.77%
- RoNW
- 15.03%
- PAT Margin
- 6.70
Fundamentals
- Price / Book
- 2.30
Popular Foundations Financials( In Lakhs)
| 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 |
Popular Foundations Company & Offer Insights
About Popular Foundations
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)
Mr. Ananthanarayanan Sankaralingam Venkatesh, Mrs. Vinita Venkatesh are the company's promoters of Popular Foundations.
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 - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Popular Foundations Limited | 2.41 | 2.41 | 16.06 | 15.35 | 15.03 | 2.31 | Standalone |
| Ncc Limited | 10.06 | 10.06 | 108.51 | 31.9 | 9.62 | 2.96 | Standalone |
| Hindustan Construction Co. Ltd. | 1.06 | 1.06 | 6.09 | 40.19 | 19.39 | 7.83 | Standalone |
Notes:
- All the financial information for listed industry peers mentioned above is sourced from the financial results of the aforesaid companies for the year ended March 31, 2024, and Stock Exchange data dated March 31, 2024, to compute the corresponding financial ratios.
- For Popular Foundations Limited, the company has taken the current market price as the Issue price of equity shares.
- The P/E ratio is based on the current market price of the respective scrips.
- The EPS, NAV, and RONW of the Company are taken as per the restated financial statement for the financial year 2023-24.
- NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as of March 31, 2024.
- RONW has been computed as net profit after tax divided by closing Net Worth.
- Net worth has been computed in the manner as specified in regulation 2(1)(hh) of SEBI (ICDR) regulations, 2018.
Contact Information
Contact Details
Popular Foundations
+91 941498731
New No. 32/1, 32/2, Old No. 9/1, 9/2, Kamatchi Apartment, 10th Avenue, Ashok Nagar, Chennai - 600083
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Popular Foundations IPO is a Fixed Priced IPO worth ₹19.87 crore. The issue price is ₹37 per share (fixed price). The IPO opens on Sep 13, 2024 and closes on Sep 19, 2024. It will be listed on BSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of Popular Foundations IPO is ₹37 per share (fixed price).
The lot size of Popular Foundations IPO is 3000 shares.
The minimum investment for Popular Foundations IPO is approximately ₹1,11,000 based on the issue price .
Popular Foundations IPO opens on Sep 13, 2024 and closes on Sep 19, 2024.
The allotment date of Popular Foundations IPO is Sep 20, 2024.
Popular Foundations IPO is expected to be listed on Sep 24, 2024, on BSE SME Platform.
Popular Foundations IPO valuation snapshot: P/E 21.68, EPS ₹1.71/-, P/B 2.30, RoNW 15.03%, and market cap N/A.
To apply for Popular Foundations IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Popular Foundations IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Popular Foundations IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Popular Foundations IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Popular Foundations IPO allotment status on IPO Ji for quick and easy access.