Popular Foundations Limited

Company Profile
Company Name Popular Foundations Limited
Open Date 13-09-2024
Close Date 18-09-2024
Exchange BSE SME
Lot Size 3,000 Shares
Issue Price ₹37 per share
Issue Size 53,70,000 shares
Application Amount ₹1,11,000
Recommendation Avoid
Popular Foundations Limited was originally formed and incorporated on November 30, 1998. The registered office is located at Chennai, Tamil Nadu, India. The Company is engaged in the 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. The company had 86 permanent employees as of September 07, 2024.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 2,589.40 4,709.55 5,181.90
EBITDA 224.45 166.13 700.94
Net Profit 48.08 119.61 347.75
RoCE 7.76% 5.44% 22.47%
ROE 3.47% 8.06% 15.03%
P/E 97.37 38.54 15.35

Tentative Timeline

Opening Date 13-09-2024
Closing Date 18-09-2024
Basis of Allotment 19-09-2024
Initiation of Refunds 20-09-2024
Credit of Shares to Demat 20-09-2024
Listing Date 23-09-2024

Objects of the Issue

Prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company
To meet Working Capital Requirements
General Corporate Purposes

Contact Information

Registered Office 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/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Market Maker Shares Offered 2,70,000 (5.03%)
Other Shares Offered 25,50,000 (47.49%)
Retail Shares Offered 25,50,000 (47.49%)
Total Shares Offered 53,70,001 (100%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 83.36%
Shareholding Post Issue (Promoters) 61.39%

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