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

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.

Popular Foundations IPO Objectives

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

1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
2. Funding the working capital requirements of the Company; and
3. 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

Popular Foundations IPO Reservation

Popular Foundations IPO Timeline

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