The Popular Foundations IPO will open on September 13, 2024, and close on September 19, 2024. This is a Fixed Price Issue, with the company planning to raise approximately ₹19.87 crores through a fresh issue of ₹19.87 crores. The offer for sale details are yet to be disclosed, with each equity share having a face value of ₹10.
The price for the Popular Foundations IPO is set at ₹37 per share. The allocation is divided equally, with 50% for retail investors and 50% for HNIs, with no quota for QIBs. The IPO is expected to list on the BSE on September 24, 2024, and allotment is scheduled for September 20, 2024.
In terms of financial performance, the company reported revenue of ₹51.91 crores in 2024, up from ₹48.67 crores in 2023. Profit rose to ₹3.48 crores in 2024, compared to ₹1.20 crores in the previous year. Based on these financials, long-term investors may find this IPO appealing.
Objectives of the Popular Foundations IPO:
The company intends to use the net proceeds from the IPO for the following purposes:
Prepayment or repayment of all or part of certain outstanding borrowings.
Funding the company’s working capital requirements.
General corporate purposes.
Popular Foundations IPO Review (Apply or Not)
Review to be updated 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% |
Read Also:
Popular Foundations IPO Market Lot
The minimum market lot for the Popular Foundations IPO is 3,000 shares, requiring an application amount of ₹111,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹ 1,11,000 |
| Retail Maximum | 1 | 3000 | ₹ 1,11,000 |
| HNI Minimum | 2 | 6000 | ₹ 2,22,000 |
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 |
Popular Foundations IPO GMP Today:
The Grey Market Premium (GMP) for the Popular Foundations SME IPO has not yet been established. We will provide daily updates on GMP information, so please check back soon for the latest.
Promoters of Popular Foundations
The company is led by promoters Surender Pal Singh Saluja and Chiranjeev Singh Saluja.
About Popular Foundations
With over 25 years of experience in civil engineering, Popular Foundations specializes in engineering and construction activities. The company provides comprehensive, end-to-end solutions across various sectors, including commercial, educational, and residential projects. Their portfolio features the construction of commercial buildings, hotels, factories, art centers, residential complexes, and educational institutions. Supported by a team of 68 skilled engineers and a strong QS/QA team, Popular Foundations operates across a wide geographical area, including cities like Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, Coimbatore, and Chennai.
Popular Foundations Financial Report
In 2024, the company reported revenue of ₹51.91 crores, up from ₹48.67 crores in 2023. Profit for 2024 was ₹3.48 crores, compared to ₹1.20 crores in 2023.
| Amt in Cr | ||||
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 26.30 | ₹ 25.92 | ₹ 0.48 | ₹ 49.29 |
| 2023 | ₹ 48.67 | ₹ 47.31 | ₹ 1.20 | ₹ 48.65 |
| 2024 | ₹ 51.91 | ₹ 46.53 | ₹ 3.48 | ₹ 63.55 |
Popular Foundations Valuation – FY2024
Review the valuation details for the Popular Foundations IPO, including key metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| 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 | 31.9 | 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
What is the Popular Foundations IPO?
The Popular Foundations IPO is a main-board offering aiming to raise ₹19.87 crores. The issue is priced at ₹37 per equity share and will be listed on the BSE SME.
When will the Popular Foundations IPO open for subscription?
The IPO will open on September 13, 2024, for QIB, NII, and retail investors, and will close on September 19, 2024.
What is the investors’ portion for the Popular Foundations IPO?
The allocation is 0% for QIBs, 50% for NII, and 50% for retail investors.
How to apply for the Popular Foundations IPO?
You can apply for the Popular Foundations IPO via ASBA online through your bank account. You can also apply using UPI through your stock brokers or by filling out an offline application form with your broker.
What is the issue size of the Popular Foundations?
The issue size is ₹19.87 crores.
What is the price band for the Popular Foundations IPO?
The price band is set at ₹37 per share.
What is the lot size for the Popular Foundations IPO?
The minimum bid is 3,000 shares, requiring an investment of ₹111,000.
