Popular Foundations Limited IPO

NiftyTrader • September 12, 2024

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Popular Foundations Limited IPO

Popular Foundations Limited IPO opens on September 13, 2024, and closes on September 18, 2024. The allotment for the Popular Foundations Limited IPO is anticipated to be completed on Thursday, September 19, 2024. The IPO will be tentatively listed on the BSE and SME on Monday, September 23, 2024.

Popular Foundations Limited IPO’s price band is Rs 37 per share. The IPO is a book-built issue of Rs 19.87 crores. The issue is entirely a fresh issue of 53.7 lakh shares.

Popular Foundations IPO Details

IPO Date	September 13, 2024 to September 18, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹37 per share
Lot Size	3000 Shares
Total Issue Size	5,370,000 shares (aggregating up to ₹19.87 Cr)
Fresh Issue	5,370,000 shares (aggregating up to ₹19.87 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Shareholding pre-issue	15,008,000
Shareholding post-issue	20,378,000
Market Maker portion	270,000 shares

Popular Foundations IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹111,000
Retail (Max)	1	3000	₹111,000
S-HNI (Min)	2	6000	₹333,000

Popular Foundations IPO Objectives

The Company proposes to utilize the Net Proceeds towards funding the following objects:

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 Expenses

About Popular Foundations Limited

Founded in 1998, Popular Foundations Limited excels in engineering and construction, offering end-to-end solutions with a focus on non-residential projects in Chennai and other southern cities like Pondicherry and Bangalore. Known for its experienced management team, timely project delivery, and commitment to quality design, the company builds a solid reputation and strategic market position. Its robust business model emphasizes customer orientation and fair pricing, supported by a trusted brand. As of September 2024, the company employs 86 professionals, including senior executives.

Popular Foundations Limited Financial Information

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
			Amount in ₹ Lakhs

Popular Foundations IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the net offer
Other Shares Offered	50% of the net offer

Popular Foundations IPO Timeline

Popular Foundations IPO opens on September 13, 2024, and closes on September 18, 2024.

IPO Open Date	Friday, September 13, 2024
IPO Close Date	Wednesday, September 18, 2024
Basis of Allotment	Thursday, September 19, 2024
Initiation of Refunds	Friday, September 20, 2024
A credit of Shares to Demat	Friday, September 20, 2024
Listing Date	Monday, September 23, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 18, 2024