Popular Foundations Ltd. was incorporated on November 30, 1998. The company specializes in engineering and construction, offering end-to-end solutions across various sectors, including factories, educational institutions, commercial, and residential projects.
| Bidding Dates |
|---|
| 13 Sep 2024 - 19 Sep 2024 |
| Subscription |
|---|
| 8.8x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,11,000 | 1 | 1 | 3000 | 5.4 M | ₹37 | 61.39 % | ₹198.7 M | RHP DOC |
Popular Foundations Ltd. IPO SUBSCRIPTION STATUS
19 Sep '24Popular Foundations Ltd. IPO overall subscription rate was 8.8 times the total available shares
Popular Foundations Ltd. IPO retail subscription rate was 14.14 times in the retail segment
Popular Foundations Ltd. IPO non-institutional investor subscription rate was 3.46 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Sep 2024 (Day 5) | 14.14x | 3.46x | - |
18 Sep 2024 (Day 4) | 11.21x | 2.66x | - |
17 Sep 2024 (Day 3) | 7.62x | 2.08x | - |
16 Sep 2024 (Day 2) | 4.8x | 1.51x | - |
13 Sep 2024 (Day 1) | 1.41x | 0.85x | - |
Popular Foundations Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 34.8 | 518.2 | -42.7 | -15.0 | 13.7% |
| FY23 | 12.0 | 471.0 | 27.3 | 25.4 | 6.7% |
| FY22 | 4.8 | 258.9 | -1.5 | -20.8 | 10.1% |
Popular Foundations Ltd. IPO SUBSCRIPTION STATUS DETAILS
Popular Foundations Ltd. had 5.4 M shares on offer
Popular Foundations Ltd. IPO offer price was ₹37
Popular Foundations Ltd. IPO minimum Investment was ₹111000
Popular Foundations Ltd. IPO issue size was ₹ 198.7 M
Popular Foundations Ltd. had a minimum lot size of 3000 Shares per application
Popular Foundations Ltd. NUMBER OF SHARES ON OFFER
Popular Foundations Ltd. IPO IMPORTANT DATES
| Issue Open Date | 13 Sep 2024 |
| Issue close Date | 19 Sep 2024 |
| Allotment Date | 20 Sep 2024 |
| Refund Date | 23 Sep 2024 |
| Demat Account Credit Date | 23 Sep 2024 |
| Listing Date | 24 Sep 2024 |
| Listing on Exchange(s) | BSE |
| Popular Foundations Ltd. Allotment Status | Exchange |
Popular Foundations Ltd. IPO subscription opened on 13 Sep 2024, and closed on 19 Sep 2024
IPO allotment for Popular Foundations Ltd. was finalized on Friday, 20 Sep 2024
IPO listing for Popular Foundations Ltd. was on BSE on Tuesday, 24 Sep 2024
Popular Foundations Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 37.0 |
| Listing Open Price | 37.0 |
| Listing Close Price | 37.1 |
| Listing Gain% | 0.0% |
| Current Gain% | -20.0% |
Popular Foundations Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Popular Foundations Ltd. | 29.6 | 60.3 | 59.8 | -0.8 | 1 | 2.3 | 1.2 | 62.3 | 5.4 | 1 | -73.5 | 0.5 | -73.5 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Popular Foundations Ltd. INFORMATION ON IPO ISSUE
About Popular Foundations Ltd.
Popular Foundations Ltd. was incorporated on November 30, 1998. The company specializes in engineering and construction, offering end-to-end solutions across various sectors, including factories, educational institutions, commercial, and residential projects.
Object of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
- Funding the working capital requirements of the company.
- General corporate purposes.
Popular Foundations Ltd. - PROMOTERS
| Name |
|---|
| Ananthanarayanan Sankaralingam Venkatesh |
| Vinita Venkatesh |
Popular Foundations Ltd. Lead Manager of the Issue
Srujan Alpha Capital Advisors LLP
jinesh@srujanalpha.com
Popular Foundations Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Popular Foundations Ltd. Strengths
Quality assurance
The quality inspection team conducts unannounced site visits to ensure adherence to standards. The careful use of high-quality materials further provides a competitive edge.
Established reputation
The brand’s established reputation has contributed to its success and positioned it well for future business opportunities.
Timely delivery
The company’s dedication to timely delivery is a cornerstone of its strategy. This focus on punctuality strengthens its position as a trusted and reliable entity in the industry.
Popular Foundations Ltd. Risks
Cost overruns
The company is subject to various risks in its engineering and construction business, including cost increases above estimates, changes in scope of work, and cost overruns. These factors may lead to reduced profits, losses, and, in some cases, cancellation or deferral of contracts.
Supply of material
Delays or failures in receiving materials, services, or finished goods from third parties due to issues with price, quality, or availability, may adversely affect the company's business, and operations
IPO FAQs
The promoters of the company are Ananthanarayanan Sankaralingam Venkatesh and Vinita Venkatesh.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 37.0 - 37.0.
The IPO application opens on Sep 13, 2024 and closes on Sep 19, 2024.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 111,000.0, the maximum value for this IPO is Rs 111,000.0.
This IPO will be allotted on Sep 20, 2024.
The refund will be credited to your account on Sep 23, 2024.
The allotted shares will be credited to your demat on Sep 23, 2024.
Popular Foundations Ltd.’s shares listed on the stock exchanges on Sep 24, 2024.