Popular Foundations IPO Details
| IPO Open Date: | September 13, 2024 |
| IPO Close Date: | September 19, 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 Market Lot
The Popular Foundations IPO minimum market lot is 3000 shares with ₹111,000 application amount.
| 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 Dates
The Popular Foundations IPO date is September 13 and the close date is September 19. The Popular Foundations IPO allotment will be finalized on September 20 and the IPO listing on September 24.
| IPO Open Date: | September 13, 2024 |
| IPO Close Date: | September 19, 2024 |
| Basis of Allotment: | September 20, 2024 |
| Refunds: | September 23, 2024 |
| Credit to Demat Account: | September 23, 2024 |
| IPO Listing Date: | September 24, 2024 |
Promoters of Popular Foundations IPO
The promoters of the company are Surender Pal Singh Saluja, and Chiranjeev Singh Saluja.
About Popular Foundations IPO
Popular Foundations has more than 25 years of experience in Civil Engineering. The company specializes in Engineering and Construction Activities. They provide comprehensive end-to-end solutions in the construction sector. They are providing their services to various verticals such as factories, educational institutions, commercial, and residential projects. They handle projects like Commercial buildings, Hotels, Factories, Art Centres, Residential Buildings, and Educational Institutions. The company has a team of 68 technically qualified engineers and a strong QS/QA team. The company caters to cities like Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, Coimbatore besides 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. |
Objects of the Issue
- 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
- IPO Watch – Avoid
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Popular Foundations IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
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: [email protected]
Website: http://www.grouppopular.com/
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Note: The Popular Foundations IPO price band and date are officially announced. The (Popular Foundations IPO grey market premium) will be added to the IPO GMP page as it will start).
