Popular Foundations IPO Details: The Popular Foundations IPO is set to open on September 13, 2024, and will close on September 18, 2024. This IPO is a Fixed Price Issue, with the company aiming to raise approximately ₹19.87 crores. This amount includes a fresh issue of ₹19.87 crores and an offer for sale of equity shares, each with a face value of ₹10.
The price band for the Popular Foundations IPO is set at ₹37 per share. The allocation is divided as follows: 50% for retail investors, 0% for Qualified Institutional Buyers (QIBs), and 50% for High Net-Worth Individuals (HNIs). The shares are expected to be listed on the BSE on September 23, 2024, with the allotment date scheduled for September 19, 2024.
In its financial report for 2024, the company reported revenues of ₹51.91 crores, compared to ₹48.67 crores in 2023. The net profit for 2024 was ₹3.48 crores, up from ₹1.20 crores in the previous year. Based on these financials, the IPO appears to be a promising long-term investment opportunity.
Popular Foundations IPO Objectives:
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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 Review (Apply or Not)
- Update soon
Popular Foundations IPO Date & Price Band Details:
| IPO Open Date: | September 13, 2024 |
| IPO Close Date: | September 18, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹37 Per Share |
| Issue Size: | Approx ₹19.87 Crores |
| Fresh Issue: | Approx ₹19.87 Crores |
| Offer for Sale: | NA |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Popular Foundations IPO Lot Size:
The minimum investment for the Popular Foundations IPO is set at 3,000 shares, which requires an application amount of ₹111,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹111,000 |
| Retail Maximum | 1 | 3000 | ₹111,000 |
| HNI Minimum | 2 | 6000 | ₹222,000 |
Popular Foundations IPO Timeline:
The Popular Foundations IPO will open for subscription on September 13 and close on September 18. Allotment results for the IPO will be determined on September 19, with shares expected to be listed on the BSE on September 23.
| IPO Open Date: | September 13, 2024 |
| IPO Close Date: | September 18, 2024 |
| Basis of Allotment: | September 19, 2024 |
| Refunds: | September 20, 2024 |
| Credit to Demat Account: | September 20, 2024 |
| IPO Listing Date: | September 23, 2024 |
Popular Foundations IPO GMP Today:
The Grey Market Premium (GMP) for the Popular Foundations SME IPO has not been established yet. We are updating GMP information daily. Please check back with us soon for the latest updates.
Promoters of Popular Foundations IPO
The company is led by promoters Surender Pal Singh Saluja and Chiranjeev Singh Saluja.
About Popular Foundations IPO
With over 25 years of experience in civil engineering, Popular Foundations excels in engineering and construction activities. The company offers comprehensive, end-to-end solutions across various sectors, including commercial, educational, and residential projects. Their portfolio includes the construction of commercial buildings, hotels, factories, art centers, residential complexes, and educational institutions. Supported by a team of 68 skilled engineers and a robust QS/QA team, Popular Foundations serves a broad geographical area, including cities such as Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, Coimbatore, and Chennai.
Popular Foundations IPO Company Financial Report
The company reported revenue of ₹51.91 crores in 2024 against ₹48.67 crore in 2023. The company reported profit of ₹3.48 crores in 2024 against profit of ₹1.20 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹26.30 | ₹25.92 | ₹.48 | ₹49.29 |
| 2023 | ₹48.67 | ₹47.31 | ₹1.20 | ₹48.65 |
| 2024 | ₹51.91 | ₹46.53 | ₹3.48 | ₹63.55 |
Popular Foundations IPO Valuation – FY2024
Check Popular Foundations IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 0.18% |
| ROCE: | 0.30% |
| EBITDA Margin: | 13.68% |
| PAT Margin: | 6.70% |
| Debt to equity ratio: | 0.68 |
| Earning Per Share (EPS): | ₹2.41 (Basic) |
| Price/Earning P/E Ratio: | 15.35 |
| Return on Net Worth (RoNW): | 15.03% |
| Net Asset Value (NAV): | ₹16.06 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NCC Limited | 10.06 | 31.90 | 9.62 | 108.51 | 18,314.41Cr. |
| Hindustan Construction Company Limited | 1.06 | 40.19 | 19.39 | 6.09 | 5,043.00 Cr. |
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
IPO Lead Managers aka Merchant Bankers
- Srujan Alpha Capital Advisors Llp
Company Address
Popular Foundations IPO 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 FAQs
1. What are the key dates for the Popular Foundations IPO?
- IPO Open Date: September 13, 2024
- IPO Close Date: September 18, 2024
- Allotment Date: September 19, 2024
- Listing Date: September 23, 2024
2. What is the price band for the Popular Foundations IPO?
The price band for the Popular Foundations IPO is set at ₹37 per share.
3. What is the minimum investment required for the Popular Foundations IPO?
The minimum investment for the Popular Foundations IPO is 3,000 shares, requiring an application amount of ₹111,000.
4. What is the Grey Market Premium (GMP) for the Popular Foundations IPO?
The GMP for the Popular Foundations IPO has not been established yet. We are updating the GMP information daily, so please check back for the latest updates.
5. What is the allocation structure for the Popular Foundations IPO?
The allocation for the Popular Foundations IPO is as follows:
- Retail Investors: 50%
- Qualified Institutional Buyers (QIBs): 0%
- High Net-Worth Individuals (HNIs): 50%
6. Who are the promoters of Popular Foundations?
The promoters of Popular Foundations are Surender Pal Singh Saluja and Chiranjeev Singh Saluja.
7. Can you provide a brief overview of Popular Foundations?
Popular Foundations boasts over 25 years of experience in civil engineering and specializes in engineering and construction activities. The company offers end-to-end solutions for various construction projects, including commercial buildings, hotels, factories, art centers, residential buildings, and educational institutions. They have a team of 68 technically qualified engineers and a strong QS/QA team, serving cities such as Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, Coimbatore, and Chennai.
8. Where will the Popular Foundations IPO be listed?
The Popular Foundations IPO will be listed on the BSE (Bombay Stock Exchange).
