Popular Foundations IPO Date, Review, Price, Allotment Details

Popular Foundations IPO open date is September 13, 2024 and the IPO will close on September 19, 2024. Popular Foundations IPO is a Fixed Price Issue. The company to raise around ₹19.87 crores via IPO that comprises fresh issue of ₹19.87 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Popular Foundations IPO price band is ₹37 per share. The retail quota is 50%, QIB is 00%, and HNI is 50%. Popular Foundations IPO to list on BSE on September 24, 2024. The allotment of Popular Foundations IPO date is September 20, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

Popular Foundations IPO

Table of Contents


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

The Popular Foundations IPO minimum market lot is 3000 shares with ₹111,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum13000₹111,000
Retail Maximum13000₹111,000
HNI Minimum26000₹222,000

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

The promoters of the company are Surender Pal Singh Saluja, and Chiranjeev Singh Saluja.

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.

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 EndedRevenueExpenseProfit After TaxAssets
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

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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
NCC Limited10.0631.909.62108.5118,314.41Cr.
Hindustan Construction Company Limited1.0640.1919.396.095,043.00 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.
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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/

Popular Foundations IPO FAQs

What is Popular Foundations IPO?

Popular Foundations IPO is a main-board IPO. The company is going to raise ₹19.87 Crores via IPO. The issue is priced at ₹37 pr equity share. The IPO is to be listed on BSE SME.

When Popular Foundations IPO will open for subscription?

The IPO is to open on September 13, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 19, 2024.

What is Popular Foundations IPO Investors Portion?

The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.

How to Apply the Popular Foundations IPO?

You can apply for Popular Foundations 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.

What is Popular Foundations IPO Issue Size?

Popular Foundations IPO issue size is ₹19.87 crores.

What is Popular Foundations IPO Price Band?

Popular Foundations IPO Price Band is ₹37.

What is Popular Foundations IPO Lot Size?

The minimum bid is 3000 Shares with ₹111,000 amount.

What is the Popular Foundations IPO Allotment Date?

Popular Foundations IPO allotment date is September 20, 2024.

What is the Popular Foundations IPO Listing Date?

Popular Foundations IPO listing date is September 24, 2024. The IPO is to list on BSE SME.

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).
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