Popular Foundations IPO GMP, Review, Price, Allotment

Popular Foundations IPO description – Popular Foundations specializes in engineering and construction activities, providing comprehensive end-to-end solutions in the construction sector in and around Chennai. The company caters to various verticals such as factories, educational institutions, and commercial, and residential projects.

The company excels in obtaining contracts within the institutional and hospitality sectors, showcasing a robust track record of quality and reliability. Popular Foundations has gained recognition among numerous educational institutions, industries, and commercial establishments because of its engineering, architecture, and interior and exterior fit-out expertise. The company has successfully undertaken projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore.

As of September 2024, the company had 86 employees at the construction site and registered Office including its key managerial persons.

Promoters of Popular Foundations – Ananthanarayanan Sankaralingam Venkatesh, & Vinita Venkatesh

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Popular Foundations IPO Details

Popular Foundations IPO Dates	13 – 18 September 2024
Popular Foundations Issue Price	INR 37 per share
Fresh issue	53,70,000 shares (INR 19.87 crore)
Offer For Sale	NIL
Total IPO size	53,70,000 shares (INR 19.87 crore)
Minimum bid (lot size)	3,000 shares (INR 1,11,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	BSE SME

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Popular Foundations Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	25.89	47.10	51.82
Expenses	25.92	47.31	46.53
Net income	0.48	1.20	3.48

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Popular Foundations Offer News

• Popular Foundations RHP
• Popular Foundations Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• Highest SME IPO Subscription in 2024

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Popular Foundations Valuations & Margins

	FY 2022	FY 2023	FY 2024
EPS	0.38	0.96	2.41
PE ratio	–	–	15.35
RONW (%)	3.47	8.06	15.03
NAV	11.07	11.87	16.06
ROCE (%)	9.39	11.85	22.77
EBITDA (%)	10.08	6.65	13.68
Debt/Equity	1.33	1.18	0.68

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Popular Foundations IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
Coming soon	–	–	–

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Popular Foundations IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	25,50,000	25,50,000	51,00,000
19 Sep 2024	3.65	14.89	9.27
18 Sep 2024	2.80	11.83	7.32
17 Sep 2024	2.19	8.03	5.11
16 Sep 2024	1.59	5.06	3.32
13 Sep 2024	0.90	1.48	1.19

The market maker reservation portion of 2,70,000 shares is not included in the above calculations.

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Popular Foundations IPO Allotment Status

Popular Foundations IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

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Popular Foundations Offer Dates & Listing Performance

IPO Opening Date	13 September 2024
IPO Closing Date	18 September 2024
Finalization of Basis of Allotment	19 September 2024
Initiation of refunds	20 September 2024
Transfer of shares to demat accounts	20 September 2024
IPO Listing Date	24 September 2024
Opening Price on BSE SME	INR 37 per share (no change)
Closing Price on BSE SME	INR 37.15 per share (up 0.41%)

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Popular Foundations Offer Lead Manager

SRUJAN ALPHA CAPITAL ADVISORS LLP
824 & 825, Corporate Avenue
Sonawala Road , Goregaon (E)
Mumbai – 400063
Phone: +91 2246030709
E-mail: [email protected]
Website: www.srujanalpha.com

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Popular Foundations Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com

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Popular Foundations Issue Contact Details

POPULAR FOUNDATIONS LIMITED
New No. 32/1, 32/2, Old No. 9/1, 9/2, Kamatchi Apartment,
10th Avenue, Ashok Nagar, Chennai-600083, Tamilnadu, India
Phone: +91 9414987318
E-mail: [email protected]
Website: www.grouppopular.com

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IPO FAQs