Popular Foundations IPO GMP, Review, Price, Allotment

0

Last updated on September 24, 2024

Popular Foundations

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.

Popular Foundations IPO (1)

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


Popular Foundations IPO Dates13 – 18 September 2024
Popular Foundations Issue PriceINR 37 per share
Fresh issue53,70,000 shares (INR 19.87 crore)
Offer For SaleNIL
Total IPO size53,70,000 shares (INR 19.87 crore)
Minimum bid (lot size)3,000 shares (INR 1,11,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

 FY 2022FY 2023FY 2024
Revenue25.8947.1051.82
Expenses25.9247.3146.53
Net income0.481.203.48
Figures in INR Crores unless specified otherwise


FY 2022FY 2023FY 2024
EPS0.380.962.41
PE ratio––15.35
RONW (%)3.478.0615.03
NAV11.0711.8716.06
ROCE (%)9.3911.8522.77
EBITDA (%)10.086.6513.68
Debt/Equity 1.331.180.68
*Compiled by IPO Central from Prospectus

DateConsolidated IPO GMPKostakSubject to Sauda
Coming soon–––

CategoryNon-retailRetailTotal
Shares Offered25,50,00025,50,00051,00,000
19 Sep 20243.6514.899.27
18 Sep 20242.8011.837.32
17 Sep 20242.198.035.11
16 Sep 20241.595.063.32
13 Sep 20240.901.481.19

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


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


IPO Opening Date13 September 2024
IPO Closing Date18 September 2024
Finalization of Basis of Allotment19 September 2024
Initiation of refunds20 September 2024
Transfer of shares to demat accounts20 September 2024
IPO Listing Date24 September 2024
Opening Price on BSE SMEINR 37 per share (no change)
Closing Price on BSE SMEINR 37.15 per share (up 0.41%)

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


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


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


IPO FAQs

What is Popular Foundations offer size?

Popular Foundations offer size is INR 19.87 crores.

What is Popular Foundations offer price band?

Popular Foundations public offer price is INR 37 per share.

What is the lot size of Popular Foundations IPO?

Popular Foundations offer lot size is 3,000 shares.

What is Popular Foundations IPO GMP today?

Popular Foundations IPO GMP today is INR NA per share.

What is Popular Foundations kostak rate today?

Popular Foundations kostak rate today is INR NA per application.

What is Popular Foundations IPO Subject to Sauda rate today?

Popular Foundations’s Subject to Sauda rate today is INR NA per application.

LEAVE A REPLY

Please enter your comment!
Please enter your name here