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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 /--
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.
Category
Status
QIBs
--
NIIs
--
Retail
--
Others
--
Total
8.8x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Adisoft Technologies | 163 - 172 | 23-Apr-2026 to 27-Apr-2026 |
| Leapfrog Engineering Services | 21 - 23 | 23-Apr-2026 to 27-Apr-2026 |
| Mehul Telecom | 96 - 98 | 17-Apr-2026 to 21-Apr-2026 |
| Om Power Transmission | 166 - 175 | 09-Apr-2026 to 13-Apr-2026 |
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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