Popular Foundations Limited IPO
BSE SMEListed On: Sep 24, 2024 at ₹ 37.0
₹ 222000 /6000 Shares
*Min Investment
13 Sep, 2024
Open Date19 Sep, 2024
Close Date20 Sep, 2024
Allotment Date24 Sep, 2024
Listing DatePopular Foundations IPO Issue Details
- Issue Price ₹37 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 53,70,000 shares(aggregating up to ₹19.87 crore)
- Fresh Share 53,70,000 shares(aggregating up to ₹19.87 crore)
- Listing at BSE SME
- List Price 37.0
- Listing Date 2024-09-24
- Lead Manager Srujan Alpha Capital Advisors Llp
- Registrar Bigshare Services Pvt Ltd
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 offers total 53,70,001 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,25,50,000 (47.49%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| 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 Details
Popular Foundations Limited IPO is an SME IPO, priced at ₹37 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 53,70,000 equity shares, aggregating up to ₹19.87 crores..
The IPO bidding window is open from Sep 13, 2024 to Sep 19, 2024. The allotment is expected to be finalized on Sep 20, 2024, and the tentative listing date is Sep 24, 2024.
The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,11,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,22,000.
Srujan Alpha Capital Advisors Llp is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.
Popular Foundations IPO Subscription Analysis And 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
Popular Foundations Company Financials
| 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 Popular Foundations 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)
Mr. Ananthanarayanan Sankaralingam Venkatesh
Mrs. Vinita Venkatesh
Pre Issue Share Holding : 83.36%
Post Issue Share Holding : 61.39%
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 Details
Popular Foundations
New No. 32/1, 32/2, Old No. 9/1, 9/2, Kamatchi Apartment, 10th Avenue, Ashok Nagar, Chennai - 600083
+91 941498731
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Popular Foundations Limited IPO is 5,370,000 shares(aggregating up to ₹19.87 Cr).
Ans. The Popular Foundations Limited IPO price band is set between ₹37 per equity share.
Ans. To apply for Popular Foundations Limited 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 Popular Foundations Limited IPO allotment status online.
