Popular Foundations IPO GMP : Deccan Popular Foundations IPO GMP is Open on 13 September 2024 and Close on 19 September 2024. Popular Foundations IPO to Raise 5,370,000 shares (Approx ₹19.87 Cr) via IPO. The Fresh issue of 5,370,000 shares (Approx ₹19.87 Cr).
Popular Foundations Limited, with over 25 years of experience, specializes in Engineering and Construction Activities, providing comprehensive end-to-end solutions in the construction sector. The company is dedicated to building practices catering to various verticals such as factories, educational institutions, commercial, and residential projects. However, it strategically directs its focus towards non-residential and non-governmenta projects in the realm of civil construction in and around Chennai.
Equipped with expertise in Engineering, Architecture, and interior and exterior fit-outs, Popular Foundations has gained recognition among numerous educational institutions, industries, and commercial establishments in Tamilnadu. The company has successfully undertaken projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, Coimbatore besides Chennai.
Its reputation is built on continued customer patronage, goodwill, and a commitment to delivering high-quality construction solutions. Popular Foundations employs a meticulous approach to securing projects, primarily relying on tenders as a key sourcing method. Tenders are floated through Architects/PMC, prompting interested bidders to submit their proposals. Rigorous scrutiny follows, leading to the selection of the successful bidder.
The company’s brand image and extensive experience play pivotal roles in its success. Notably, Popular Foundations excels in obtaining contracts within the institutional and hospitality sectors, showcasing a robust track record of quality and reliability. The company’s ability to secure repeat orders from institutional clients underscores its significant strength in client retention and project acquisition.
Popular Foundations IPO Date & Price Band Details
| IPO Open Date | 13 Sep 2024 |
|---|---|
| IPO Close Date | 19 Sep 2024 |
| IPO Size | 5,370,000 shares (Approx ₹19.87 Cr) |
| Fresh Issue | 5,370,000 shares (Approx ₹19.87 Cr) |
| Lot Size | 3000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹37 Per Every Share |
| IPO Listing On | BSE SME |
| IPO Retail Quota | 50% |
| IPO QIB Quota | -% |
| IPO NII Quota | 50% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Popular Foundations IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹111,000 |
| Retail Maximum | 1 | 3000 | ₹111,000 |
| S-HNI Minimum | 2 | 6000 | ₹222,000 |
Object of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company.
- Funding the working capital requirements of our Company.
- General corporate purposes.
Popular Foundations IPO Allotment & Listings (Details)
| IPO Open Date | 13 Sep 2024 |
|---|---|
| IPO Close Date | 19 Sep 2024 |
| Basis of Allotment | 20 Sep 2024 |
| Refunds | 23 Sep 2024 |
| Credit to Demat Account | 23 Sep 2024 |
| IPO Listing Date | 24 Sep 2024 |
Popular Foundations Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹51.91 | ₹46.53 | ₹3.48 |
| 2023 | ₹48.67 | ₹47.31 | ₹1.20 |
| 2022 | ₹26.30 | ₹25.92 | ₹0.48 |
Our Company Promoters
- Ananthanarayanan Sankaralingam Venkatesh
- Vinita Venkatesh
Qualitative Factors
- Experienced Management Team.
- Building Excellence – A Team Led by Seasoned Leadership and Expert Engineers.
- Our Supremacy in Quality Design.
- One Brand, One Standard, One Uniform Quality.
- Timely Delivery and Reputation Building.
- Robust Standard Operating Procedures.
- Professional Management and Ethical Practices.
- Expertise in civil construction – thriving in hospitality and educational institutional sectors.
- Robust business model driving excellence in construction.
- Established brand and reputation.
- Operation methodology.
- Quality Assurance and Standards.
Popular Foundations Comparison of Accounting Ratios with Peer Group Companies
| Company Name | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|
| Popular Foundations | 2.41 | 15.35 | 15.03 | 16.06 | 5,191.00 |
| Peer Group | |||||
| NCC Limited | 10.06 | 31.90 | 9.62 | 108.51 | 18,31,441.00 |
| Hindustan Construction Company | 1.06 | 40.19 | 19.39 | 6.09 | 5,04,300.00 |
Also Read: Deccan Transcon Leasing IPO
Popular Foundations Company Contact Details
New No. 32/1, 32/2, Old No. 9/1, 9/2, Kamatchi Apartment, 10th Avenue, Ashok Nagar,
Chennai-600083, Tamilnadu, India
Registration Number: 041504
Telephone: +91 94149 87318
E-mail: info@grouppopular.com
Investor grievance id: investor@grouppopular.com
Website: www.grouppopular.com;
Popular Foundations Lead Manager
Srujan Alpha Capital Advisors LLP
112A, 1st Floor, Arun Bazar, S.V. Road, Beside Bank of India, Malad (West), Mumbai -400 064
Tel: 022 – 46030709
E-mail: jinesh@srujanalpha.com
Investor Grievance Email id: partners@srujanalpha.com
Website: www.srujanalpha.com
Contact Person: Mr. Jinesh Doshi
Popular Foundations IPO Registrar
Bigshare Services Private Limited
Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Center, Mahakali Caves Road, Andheri East, Mumbai – 400 093
Tel No: +91-22-62638200
Email: ipo@bigshareonline.com
Investor Grievance Email id: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr Vinayak Morbale
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