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Popular Foundations IPO

Listed Listed stocks

Popular Foundations IPO Details

  • Bidding Date

    13-Sep-2024 to
    19-Sep-2024

  • Issue Size

    ₹19.87 Cr

  • Price Band

    ₹37

  • Allotment date

    19-Sep-2024

  • Listing date

    24-Sep-2024

  • Lot size

    3000

  • No. of shares

    53,70,000

  • Fresh issue/OFS

    ₹19.87 Cr /--

About Popular Foundations Company

Popular Foundations Limited, established on November 30, 1998, specializes in engineering, architecture, and construction, focusing on non-residential and non-governmental projects around Chennai. The company offers end-to-end solutions for commercial, institutional, and industrial projects, with a strong emphasis on building educational institutions, medical facilities, and commercial establishments. The company's business operations primarily cater to the institutional and commercial sectors. Over the years, Popular Foundations has successfully completed projects across Tamil Nadu and nearby states, including Chennai, Pondicherry, Bangalore, and Coimbatore. Major sectors served include educational institutions, hospitals, and commercial facilities. With a revenue concentration of 69% from institutional projects in FY 2024, Popular Foundations continues to secure contracts in its niche markets, further strengthening its reputation and foothold in the industry.

Subscription Status

  • Category

    Status

  • QIBs

    --

  • NIIs

    --

  • Retail

    --

  • Others

    --

  • Total

    8.8x

Popular Foundations Financials

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FAQs for Popular Foundations IPO.

The issue size of Popular Foundations is ₹19.87 Cr.

Popular Foundations falls into Construction & Engineering industry.

The Popular Foundations IPO will be listed on NSE.

The open and close dates for the Popular Foundations are 13-Sep-2024 & 19-Sep-2024.

The price band for the Popular Foundations ipo is ₹37

The listing date of Popular Foundations IPO is 24-Sep-2024.

The purpose of this IPO is to raise fresh capital.

Popular Foundations total subscription ratio is 8.8X.

Key financial of the Popular Foundations are:


Popular Foundations FY-24 FY-23 FY-22
Revenue (₹ Cr) 51.82 47.1 25.89
EBIT (₹ Cr) 6.32 1.33 1.95
Proft after Tax (₹ Cr) 3.46 1.2 0.48
Debt (₹ Cr) 15.78 17.54 18.35
Net Worth (₹ Cr) 23.42 14.84 13.84
RoE (%) 14.79 8.06 3.47

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