Popular Foundations Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹37 - ₹37
- Lot size
- 3,000 shares
- Issue amount
- ₹19.87 cr
- Total subscription
- 9.27×
- Opens
- 13 Sept 2024
- Closes
- 19 Sept 2024
- Allotment
- 20 Sept 2024
- Listing
- 24 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 53,70,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,11,000
- Fresh issue
- ₹19.87 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Pvt Ltd
- Listing exchange
- BSE
- Maximum investment
- ₹1,11,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,50,08,000
- Shares after issue
- 2,03,78,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,11,000 |
| HNI | 2 | 6,000 | ₹2,22,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 9.44 | 140.46 |
| NIB | 9.44 | 34.42 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 2.41 | 0.96 | 0.38 |
| ROE | 23.17 | 119.61 | 48.08 |
| ROCE | 22.77 | 11.85 | 9.39 |
| RONW | 15.03 | 8.06 | 3.47 |
| PRE IPO(PE) | 15.97 | 0 | 0 |
| POST IPO(PE) | 21.68 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Popular Foundations Limited, established in 1998, provides engineering and construction services with end-to-end solutions across various sectors, including factories, educational institutions, and commercial and residential projects. The company primarily focuses on non-residential and non-government projects, mainly in Chennai, while also completing successful projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore. As of September 7, 2024, Popular Foundations employed 86 professionals, including senior executives, working both on-site and at its headquarters.
Strengths
- Experienced Leadership: Popular Foundations Limited is guided by a team of skilled professionals and expert engineers, ensuring smooth operations and steady growth.
- High-Quality Designs: The company prioritizes top-notch design, combining functionality with aesthetics to make its projects stand out.
- Reliable & On-Time Delivery: With a strong track record of completing projects on schedule, Popular Foundations has earned trust and a solid reputation in the industry.
Risk factors
- Following Regulations: Not complying with labor laws, health and safety rules, or other local regulations could hurt Afcons' operations and reputation.
- Machinery Challenges: Faulty equipment or poor maintenance could slow down projects and impact work quality.
- Supply Chain Delays: If materials or services from suppliers are delayed, overpriced, or of poor quality, it could disrupt projects and affect business performance.
Promoters
Mr. Ananthanarayanan Sankaralingam Venkatesh
Mrs. Vinita Venkatesh
Read the latest IPO market update.
Registrar & documents
Lead manager
Srujan Alpha Capital Advisors LLP
Registrar & contacts
Bigshare Services Pvt Ltd
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
New No. 32/1, 32/2, Old No. 9/1, 9/2, Kamatchi Apartment, 10th Avenue, Ashok Nagar, Chennai - 600083
+91 941498731
[email protected]Company website ↗Understanding PFL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.