Grand Continent Hotels SME IPO – A Deep Dive into the Upcoming Investment Opportunity...
21 Apr, 2025
Popular Foundations Limited IPO
Popular Foundations Limited offers value to their customers, which helps to build their confidence. The brand's established reputation amongst its customers has not only contributed to its success but also positioned them for future business opportunities.
PFL has gained experience and has established a track record and reputation for efficient project management, execution and timely completion of projects in the Commercial Construction sector. They believe that their expertise in the successful and timely implementation of projects provides them with significant competitive advantages. The company has a strong presence in Construction Activities specifically in the hospitality and educational institutional sectors in Chennai, Tamil Nadu which provides them with significant competitive advantages.
Summary of Popular Foundations IPO:
• Issue Type: Fixed Price
• Total Issue Size: ₹19.87 crores
• Number of Shares: 53.7 lakh shares
• Price Per Share: ₹37
• Minimum Lot Size: 3000 shares
• IPO Opening Date: September 13, 2024
• IPO Closing Date: September 18, 2024
Key Details:
• Book Running Lead Manager: Srujan Alpha Capital Advisors LLP
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Spread X Securities
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Popular Foundations Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 37 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Popular Foundations Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 13, 2024 to September 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹37 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,370,000 shares (aggregating up to ₹19.87 Cr) |
| Fresh Issue | 5,370,000 shares (aggregating up to ₹19.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 15,008,000 |
| Shareholding post issue | 20,378,000 |
| Market Maker portion | 270,000 shares |
Popular Foundations Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Friday, September 13, 2024 |
| IPO Close Date | Wednesday, September 18, 2024 |
| Basis of Allotment | Thursday, September 19, 2024 |
| Initiation of Refunds | Friday, September 20, 2024 |
| Credit of Shares to Demat | Friday, September 20, 2024 |
| Listing Date | Monday, September 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2024 |
Popular Foundations Limited 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 Foundations Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Popular Foundations Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 83.36% | 61.39% |
Company & Financials
Founded in 1998, Popular Foundations Limited specializes in engineering and construction services and offers comprehensive end-to-end solutions in the construction sector. The company is dedicated to construction practice in various sectors such as factories, educational institutions, and commercial and residential projects. However, the company strategically focuses on non-residential and non-government construction projects in and around Chennai. Apart from Chennai, the company has successfully executed projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhupuram and Coimbatore.
Competitive Strength:
- ● Experienced management team: The company's management team has experience in the industry and is responsible for the growth of operations and financial performance.
- ● On-time delivery and reputation building: By ensuring that projects are completed on time, the company empowers consumers to make informed decisions. In addition, completing projects on time helps improve the company's reputation in the marketplace, giving the company a competitive advantage.
- ● Quality design: The company's commitment to quality design sets it apart from the competition and ensures that its properties stand out in terms of aesthetics and functionality.
- ● Robust business model: The company's business model is a comprehensive framework that focuses on customer orientation, fair pricing and strategic market positioning.
- ● Established brand and reputation: The company offers its customers added value that helps to gain their trust. The brand and reputation with customers have not only contributed to the company's success, but have also positioned it for future business opportunities.
Popular Foundations Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 6,354.87 | 5,191 | 347.76 | 2,313.11 | 1,578.4 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 4,864.7 | 4,866.89 | 119.61 | 1,483.69 | 1,753.99 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 4,929.49 | 2,630.17 | 48.08 | 1,384.08 | 1,835.37 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.17% |
| ROCE | 22.77% |
| RoNW | 15.03% |
| P/BV | 2.3 |
| PAT Margin (%) | 6.7 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.32 | 1.71 |
| P/E (x) | 15.97 | 21.68 |
Popular Foundations IPO Review
The company is in the construction business with related service offerings. It posted growth in top and bottom lines for the reported periods, but a higher net for FY24 raises eyebrows. It is operating in a highly competitive and fragmented segment. This can be termed as a âHigh Risk/Low Returnâ bet and may be skipped.
RHP:
DRHP:
Frequently asked Questions (FAQs )
-
What is Popular Foundations IPO?
Popular Foundations IPO is a SME IPO. The company is going to raise ₹19.87 Crores via IPO. The issue is priced at ₹37 per equity share. The IPO is to be listed on BSE SME.
-
When will the Popular Foundations IPO open for subscription?
The IPO is to open on September 13, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 18, 2024.
-
What is Popular Foundations IPO Investors Portion?
The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.
-
What is Popular Foundations IPO Issue Size?
Popular Foundations IPO issue size is ₹19.87 crores.
-
What is the Popular Foundations IPO Price Band?
Popular Foundations IPO Price Band is ₹37.
-
What is Popular Foundations IPO Lot Size?
The minimum bid is 3000 Shares with ₹111,000 amount.
