The IPO for Popular Foundations is set to open on September 13, 2024, and will close on September 18, 2024. Notably, this is a Fixed Price Issue, through which the company aims to raise approximately ₹19.87 crores. Specifically, this amount includes a fresh issue of ₹19.87 crores, in addition to an offer for the sale of [.] equity shares, each having a face value of ₹10.
Table of contents
- Popular Foundations IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Popular Foundations IPO GMP (Grey Market Premium)
- Popular Foundations IPO Application Form PDF
- Popular Foundations IPO Subscription Status
- Popular Foundations IPO Allotment Status
- IPO Review
- Popular Foundations IPO Registrar
- Popular Foundations IPO Lead Manager
- Popular Foundations Limited Contact
- FAQs
Popular Foundations IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Popular Foundations Limited |
| Industry | Construction & Engineering |
| IPO Issue Type | Fixed Price Issue |
| Open Date | September 13, 2024 |
| Close Date | September 18, 2024 |
| Total Issue Size | ₹19.87 Crores (5,370,000 Equity Shares) |
| Fresh Issue | ₹19.87 Crores (5,370,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹37 per share |
| Listing on | BSE SME |
| Lot Size | 3000 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 00% |
| Shares Offered to HNI | 50% |
Company Details
Popular Foundations Limited, founded in 1998, brings over 25 years of expertise in civil engineering, specializing in a wide range of engineering and construction activities. The company offers comprehensive, end-to-end solutions across various sectors, including factories, educational institutions, and commercial and residential projects. Notably, they focus on non-residential and non-government projects, particularly in and around Chennai. Additionally, they have successfully executed projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore.
The company’s portfolio includes commercial buildings, hotels, factories, art centers, residential buildings, and educational institutions. With a dedicated team of 68 technically qualified engineers and a strong QS/QA department, they ensure precision and quality in every project.
One of Popular Foundations’ key competitive strengths lies in its experienced management team, which plays a pivotal role in the company’s growth and financial success. Furthermore, the company is known for its commitment to on-time delivery, helping clients make informed decisions, and enhancing its reputation in the marketplace. Lastly, their emphasis on high-quality design ensures that their projects stand out in both aesthetics and functionality, giving them a competitive edge in the construction sector.
Key Dates
| Events | Date |
|---|---|
| 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 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| 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 and Surplus | ₹812.31 | ₹1,383.69 | ₹1,284.08 |
| Total Borrowing | ₹1,578.4 | ₹1,753.99 | ₹1,835.37 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹111,000 |
| Retail (Max) | 1 | 3000 | ₹111,000 |
| HNI (Min) | 2 | 6000 | ₹222,000 |
The objective of the Issue
- Prepaying or repaying a portion of the company’s outstanding borrowings.
- Additionally, funding the company’s working capital needs.
- Lastly, for general corporate purposes.
Company Promoters
- Mr. Surender Pal Singh Saluja
- Mr. Chiranjeev Singh Saluja
Popular Foundations IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Popular Foundations IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Popular Foundations Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Popular Foundations IPO Application Form PDF
To download the Popular Foundations IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Popular Foundations IPO Subscription Status
This IPO subscription kicks off on September 13, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Popular Foundations IPO Allotment Status
To check the Popular Foundations IPO allotment status go to the IPO registrar website Bigshare or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company benefits from an experienced management team, which plays a key role in driving growth and success.
- Additionally, the company’s supremacy in quality design sets it apart, delivering standout projects in both aesthetics and functionality.
- With one brand, one standard, and one uniform quality, the company consistently maintains high levels of performance.
- Timely delivery is a core principle that helps build a strong reputation within the industry.
- Moreover, robust standard operating procedures ensure efficiency and consistency across all operations.
- A robust business model continues to drive excellence in construction and overall operations.
- Finally, its established brand and reputation underscore its industry leadership.
Risks:
- If the company fails to comply with employee-related health and safety laws or local laws in the states where it operates, its business and results could be significantly impacted.
- Additionally, any manufacturing defects or poor maintenance systems may strain the company’s machinery, potentially leading to project delays.
- Furthermore, delays or failures in securing materials, services, or finished goods from third parties at acceptable prices or quality could adversely affect business operations, results, and prospects.
- The company has previously experienced negative cash flow from operating activities and may continue to face this challenge, potentially impacting its financial condition and operational outcomes.
- Currently, the company is involved in an indirect tax-related case, where unfavorable rulings could lead to penalties, liabilities, and adverse effects on its business and financial performance.
- Lastly, the company’s reliance on leased properties introduces uncertainties in lease agreements, which may impact its operational stability.
Popular Foundations IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Popular Foundations IPO Lead Manager
SRUJAN ALPHA CAPITAL ADVISORS LLP
824 & 825, Corporate Avenue
Sonawala Road , Goregaon (E)
Mumbai – 400063
Phone: +91 2246030709
E-mail: jinesh@srujanalpha.com
Website: www.srujanalpha.com
Popular Foundations Limited Contact
POPULAR FOUNDATIONS LIMITED
New No. 32/1, 32/2, Old No. 9/1, 9/2, Kamatchi Apartment,
10th Avenue, Ashok Nagar, Chennai-600083, Tamilnadu, India
Phone: +91 9414987318
E-mail: info@grouppopular.com
Website: www.grouppopular.com
FAQs
Popular Foundations’ IPO is a main-board offering, through which the company plans to raise ₹19.87 crores. Priced at ₹37 per equity share, the IPO will be listed on the BSE SME.
The IPO is scheduled to open on September 13, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors. It will close on September 18, 2024.
The allocation for investors is split as follows: 0% for QIB, 50% for NII, and 50% for Retail Investors.
You can apply for the Popular Foundations IPO either online through ASBA via your bank account or using UPI through your stock broker. Additionally, you can submit an offline application through your stock broker by filling out the necessary form.
The issue size for Popular Foundations’ IPO is ₹19.87 crores.
For the latest news on Upcoming IPOs and IPO GMP, follow IPOGMP.IN. Additionally, connect with us on Twitter, Facebook, and Instagram.
