Popular Foundations IPO
IPO Details
- Open Date
13 Sep 2024
- Close Date
19 Sep 2024
- IPO Price Range
₹ 37
- IPO Size
₹ 19.87 Cr
- Listing Exchange
BSE SME
- Listing Date
24 Sep 2024
IPO Timeline
Popular Foundations IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-Sep-24 | - | 0.90 | 1.48 | 1.19 |
| 16-Sep-24 | - | 1.48 | 5.06 | 3.27 |
| 17-Sep-24 | - | 2.09 | 8.03 | 5.06 |
| 18-Sep-24 | - | 2.69 | 11.80 | 7.25 |
| 19-Sep-24 | - | 3.54 | 14.89 | 9.21 |
Last Updated: 20 September 2024 12:20 PM by 5Paisa
Popular Foundations IPO is set to open on 13 September 2024 and will close on 19 September 2024. Popular Foundations is a company that focuses on engineering and construction. They provide complete, start to finish solutions for various construction projects, handling everything from planning to execution.
The IPO includes a fresh issue of 53.7 lakh shares aggregating ₹19.87 Cr and does not include an offer for sale. The price range is set at ₹37 per share and the lot size is 3000 shares
The allotment is scheduled to be finalized on 20 September 2024. It will go public on BSE SME with a tentative listing date of 24 September 2024.
Srujan Alpha Capital Advisors Llp is the book running lead manager while Bigshare Services Pvt Ltd is the registrar.
Popular IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 19.87 |
| Offer For Sale | - |
| Fresh Issue | 19.87 |
Popular IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹111,000 |
| Retail (Max) | 1 | 3000 | ₹111,000 |
| HNI (Min) | 2 | 6,000 | ₹222,000 |
Popular IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 3.54 | 25,50,000 | 90,33,000 | 33.42 |
| Retail | 14.89 | 25,50,000 | 3,79,62,000 | 140.46 |
| Total | 9.21 | 51,00,001 | 4,69,95,000 | 173.88 |
1. Repayment or partial prepayment of the company's existing loans.
2. Meeting Working Capital Needs
3. General Corporate Purposes
Popular Foundations, established in 1998, specializes in engineering and construction, providing complete solutions for various projects. The company focuses mainly on non-residential and non-government construction in Chennai but has also completed projects in cities like Pondicherry, Bangalore, and Coimbatore. They work on factories, schools, and commercial and residential buildings. As of 7 September 2024, they have 86 employees including senior executives working both on-site and at their headquarters.
Peers
Ncc Limited
Hindustan Construction.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 51.91 | 48.67 | 26.30 |
| EBITDA | 7.10 | 3.23 | 2.65 |
| PAT | 3.48 | 1.10 | 0.48 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 63.55 | 48.65 | 49.29 |
| Share Capital | 15.01 | 1 | 1 |
| Total Borrowings | 15.78 | 17.54 | 18.35 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -4.27 | 2.73 | -0.15 |
| Net Cash Generated From / (used in) investing activities | 2.65 | -0.02 | -1.87 |
| Net Cash Generated From / (used in) financing activities | 1.61 | -2.57 | 1.94 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.01 | 0.13 | -0.07 |
Strengths
1. The company benefits from a seasoned management team and expert engineers, ensuring strong leadership and technical expertise in every project.
2. Focused on delivering projects on time, the company builds a solid reputation for reliability and client satisfaction.
3. With a strong operational framework, the company consistently drives excellence in the construction industry, maintaining high standards and efficient processes.
Risks
1. The company's focus on non-residential and non-government projects in Chennai could limit growth opportunities and expose it to regional economic fluctuations.
2. Any delays in project completion could impact the company's reputation and financial performance, affecting future contracts.
3. Construction sector is highly competitive and the company faces risks from larger or more diversified competitors, potentially impacting market share.
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FAQs
Popular Foundations IPO opens from 13 September to 19 September 2024.
The size of Popular Foundations IPO is ₹19.87 crores.
The price of Popular Foundations IPO is fixed at ₹37 per share.
To apply for Popular Foundations IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Popular Foundations IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Popular Foundations IPO is 3000 shares and the minimum investment required is ₹111,000.
The share allotment date of Popular Foundations IPO is 20 September 2024
The Popular Foundations IPO will be listed on 24 September 2024.
Srujan Alpha Capital Advisors LLP is the book running lead manager for Popular Foundations IPO.
Popular Foundations plans to utilize the raised capital from the IPO for:
Repayment or partial prepayment of the company's existing loans.
Meeting Working Capital Needs
General Corporate Purposes
Contact Information
Popular Foundations
Popular Foundations Limited
New No. 32/1, 32/2, Old No. 9/1, 9/2,
Kamatchi Apartment, 10th Avenue,
Ashok Nagar, Chennai - 600083
Phone: +91 941498731
Email: info@grouppopular.com
Website: http://www.grouppopular.com/
Popular Foundations IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Popular Foundations IPO Lead Manager
Srujan Alpha Capital Advisors Llp
