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Popular Foundations IPO Date, Review, Price, Allotment Details
Popular Foundations IPO is opening for subscription on September 13, 2024, and closing on September 18, 2024. This BSE SME IPO aims to raise ₹19.87 crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Popular Foundations IPO is fixed at ₹37 Per Share, with a market lot of 3000 Shares.The allocation for this IPO is as follows: 50% for retail investors, and 50% for high-net-worth individuals (HNI). Popular Foundations IPO Allotment will done on September 19, 2024, and Popular Foundations IPO listing date is September 23, 2024.
Popular Foundations Company Profile
Popular Foundations Limited was established in November 1998 and specializes in civil engineering projects across various sectors, including factories, educational institutions, commercial spaces, and residential buildings. The company focuses primarily on non-residential and non-government projects in and around Chennai.
Experience and Expertise With over 40 years of experience, Popular Foundations has become a leading player in civil engineering within Tamil Nadu. The company has a proven track record of successfully executing projects in cities such as Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore.
Reputation and Strengths Popular Foundations is known for its commitment to quality and reliability, particularly in the institutional and hospitality sectors. The company’s ability to secure repeat business from institutional clients highlights its strength in client retention and project acquisition.
IPO Strengths
- Experienced Management Team: Led by seasoned professionals and expert engineers.
- Timely Delivery: Known for adhering to project timelines and maintaining a strong reputation.
- Robust Business Model: Focuses on excellence in construction and effective operational methodology.
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Popular Foundations IPO Objectives
The funds raised through the IPO will be utilized for:
- Prepaying or repaying all or part of the company’s outstanding borrowings.
- Supporting the company’s working capital needs.
- Meeting general corporate expenses.
Popular Foundations IPO Key Details
- Popular Foundations IPO Open Date: September 13, 2024
- Popular Foundations IPO Close Date: September 18, 2024
- Popular Foundations IPO Size: Approximately ₹19.87 crores, Equity Shares
- Face Value: ₹10 Per Equity Share
- Popular Foundations IPO Price Band: ₹37 Per Equity Share
- Popular Foundations IPO Listing on: BSE SME IPO
- Retail Quota: 50% of the net offer
- NII Quota: 50% of the net offer
Popular Foundations IPO Timeline
- Popular Foundations IPO Open Date: September 13, 2024
- Popular Foundations IPO Close Date: September 18, 2024
- Basis of Allotment: September 19, 2024
- Refunds: September 20, 2024
- Credit to Demat Account: September 20, 2024
- Popular Foundations IPO Listing Date: September 23, 2024
How to Apply for Popular Foundations IPO
Investors can apply for the Popular Foundations IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the BSE website.
Popular Foundations Financial Performance (in Crores)
- Year 2022: Revenue ₹26.30, Expense ₹25.92, Profit After Tax ₹0.48, Assets ₹49.29
- Year 2023: Revenue ₹48.67, Expense ₹47.31, Profit After Tax ₹1.20, Assets ₹48.65
- Year 2024: Revenue ₹51.91, Expense ₹46.53, Profit After Tax ₹3.48, Assets ₹63.55
Popular Foundations Valuation FY2024
- Return on Equity (ROE): 0.18%
- Return on Capital Employed (ROCE): 0.30%
- EBITDA Margin: 13.68%
- PAT Margin: 6.70%
- Debt to Equity Ratio: 0.68
- Earnings Per Share (EPS): ₹2.41 (Basic)
- Price/Earnings (P/E) Ratio: 15.35
- Return on Net Worth (RoNW): 15.03%
- Net Asset Value (NAV): ₹16.06
Popular Foundations Peer Group
- NCC Limited: EPS: 10.06, PE Ratio: 31.90, RoNW: 9.62%, NAV: 108.51, Income: ₹18,314.41 Crores
- Hindustan Construction Company Limited: EPS: 1.06, PE Ratio: 40.19, RoNW: 19.39%, NAV: 6.09, Income: ₹5,043.00 Crores
Popular Foundations Company Promoters
- Surender Pal Singh Saluja
- Chiranjeev Singh Saluja
Popular Foundations IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Popular Foundations IPO Allotment Status Check
- Check the Popular Foundations IPO allotment status on the Bigshare Serviceswebsite.
Popular Foundations IPO Allotment Link
- Check the Popular Foundations IPO allotment on the Check Ipo Allotment website.
Popular Foundations IPO Lead Managers (Merchant Bankers)
- Srujan Alpha Capital Advisors Llp
Popular Foundations Company Address
New No. 32/1, 32/2, Old No. 9/1, 9/2,
Kamatchi Apartment,
10th Avenue, Ashok Nagar,
Chennai ,Tamil Nadu -600 083 India
Website: http://www.grouppopular.com/
Phone: +91 941498731
Email: info@grouppopular.com
Popular Foundations IPO FAQs
What is Popular Foundations IPO?
Popular Foundations IPO is an BSE SME IPO. They are going to raise ₹19.87 crores via IPO. The issue is priced at ₹37 Per equity share. The IPO is to be listed on BSE.
When will the Popular Foundations IPO open?
The IPO is to open on September 13, 2024, for NII, and Retail Investors.
What is Popular Foundations IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
How to Apply for the Popular Foundations IPO?
You can apply for Shelter Finance 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 Popular Foundations IPO through M-Stock?
For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.
How to Apply the Popular Foundations IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Popular Foundations IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the 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 Motilal Oswal.
What is Popular Foundations IPO Size?
Popular Foundations IPO size is ₹19.87 crores.
What is Popular Foundations IPO Price Band?
Popular Foundations IPO Price Band is ₹37 Per equity share.
What is Popular Foundations IPO Minimum and Maximum Lot Size?
The IPO bid is 3000 Shares with ₹111,000.
What is Popular Foundations IPO Allotment Date?
Popular Foundations IPO allotment date is September 19, 2024.
What is Popular Foundations IPO Listing Date?
Popular Foundations IPO listing date is September 23, 2024. The IPO to list on BSE SME IPO.
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