Popular Foundations Limited (BSE SME)

Sep 13, 2024 - Sep 19, 2024

Price ₹37 - ₹37
Premium ₹0
Lot size 3000
Allotment Sep 20, 2024
Listing Sep 24, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 3000 111000 850
HNI 2 6000 222000 850

Last updated on 19-Sep-2024 17:06:14

CategoryOfferedAppliedTimes
HNIs255000093030003.65
Retail25500003796200014.89
Total5100000472650009.27
Total Applications: 23785
HNI Interest Cost Per Share (7 Days)
@7%
₹0.18
@8%
₹0.21
@9%
₹0.23
@10%
₹0.26
@11%
₹0.28
@12%
₹0.31
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail47.5%2550000
Other47.5%2550000
Market Maker5.03%270000
Total No. of Shares100.0%5370000

Popular Foundations IPO Details

Issue Size5,370,000 shares
(aggregating up to ₹19.87 Cr)
Fresh Issue5,370,000 shares
(aggregating up to ₹19.87 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue15,008,000
Share holding post issue20,378,000
Market Maker portion270,000 shares
Spread X Securities

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE23.17%119.61%48.08%
ROCE22.77%11.85%9.39%
RONW15.03%8.06%3.47%
D/E0.681.181.33
EPS
(basic)
2.410.960.38
P/E
Pre IPO
15.97
P/E
Post IPO
21.68

Company Financials

Popular Foundations Limited Financial Information (Restated)

Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% between the financial year ending with March 31, 2024 and March 31, 2023.

PeriodMar 2024Mar 2023Mar 2022
Assets6,354.874,864.74,929.49
Revenue5,1914,866.892,630.17
Profit347.76119.6148.08
Net Worth2,313.111,483.691,384.08
Reserves812.311,383.691,284.08
Borrowing1,578.41,753.991,835.37
Amount in ₹ Lakhs

About Company

Popular Foundations Limited, founded in 1998, specializes in engineering and construction services, offering end-to-end solutions across various sectors, including factories, educational institutions, and commercial and residential projects. The company focuses on non-residential and non-government projects, primarily around Chennai, with successful projects also completed in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore.  As of September 7, 2024, the company employed 86 people, including senior executives, working both on-site and at headquarters.

Lead Manager(s)

Srujan Alpha Capital Advisors Llp

Strength

Seasoned Leadership and Expertise: Led by a team of experienced professionals and expert engineers, Popular Foundations Limited ensures operational excellence and sustainable growth.

Quality-Focused Design: The company's commitment to superior design enhances both functionality and aesthetics, distinguishing its projects from competitors.

Reputation for Timely Delivery: By consistently completing projects on schedule, the company builds trust and strengthens its market position.

Weakness

Non-compliance with Laws: Failure to adhere to employee-related, health and safety, or other local regulations could significantly impact the company's operations and reputation.

Machinery Issues: Manufacturing defects or inadequate maintenance of machinery may lead to operational strain, affecting project timelines and quality.

Supply Chain Disruptions: Delays or failures in receiving materials and services from third parties at acceptable prices and quality could hinder project implementation and business performance.

Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html