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SME IPO Status: Open [13th Sep 2024 to 19th Sep 2024]
Popular Foundations IPO, a SME IPO of ₹19.87 Cr opens for subscription from 13-09-2024 to 19-09-2024. The IPO consists of ₹19.87 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 37.00 per share. You can apply to the Popular Foundations SME IPO for a minimum lot of 3000 shares amounting of Rs 111000.
The tentative listing date on the exchange (BSE SME) is 24-09-2024.Stay tuned with us to get more details about Popular Foundations SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 13th Sep 2024 |
| SME IPO Issue Closing Date: | 19th Sep 2024 |
| SME IPO Issue Price: | ₹37.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹19.87 Cr |
| Fresh Issue: | ₹19.87 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 83.36% |
| Promoter Holding Post IPO: | 61.39% |
Get important updates regarding Popular Foundations SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Sep 2024 |
| Refunds Initiation* | 23rd Sep 2024 |
| Credit of Shares to Demat* | 23rd Sep 2024 |
| SME IPO Listing Date* | 24th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹37.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹111000 |
| Min HNI Lots: | 6000 shares (2 lots)- ₹222000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2024 | 37.00 | 0 | -- | ₹37 (0%) | 19-Sep-2024 13:28 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Popular Foundations Limited was established in November 1998 and is dedicated to building various verticals such as factories, educational institutions, commercial and residential projects. However, the strategic focus is on non-residential and non-government civil engineering projects in and around Chennai.
With over 40 years of experience in civil engineering, Popular Foundation has emerged as one of the leading civil engineering companies in and around Tamil Nadu.
Apart from Chennai, the company has successfully executed projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram and Coimbatore. Popular Foundations has a solid track record of quality and reliability in awarding contracts in the institutional and hospitality sectors. The company's ability to secure repeat business from institutional clients underscores its significant strength in client retention and project acquisition.
| Incorporation | Sector | IPO Issue Size | Website |
| 1998 | Civil Construction | ₹19.87 Cr | http://www.grouppopular.com/ |
The Company proposes to utilize the Net Proceeds towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from BSE SME.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,550,000 (50%) | 2,550,000 (50%) | 5,100,001 | |
| 1 | 13th Sep 2024 19:04 | 0.90x | 1.48x | 1.19x |
| 2 | 16th Sep 2024 19:04 | 1.48x | 5.06x | 3.27x |
| 3 | 17th Sep 2024 19:04 | 2.09x | 8.03x | 5.06x |
| 4 | 18th Sep 2024 18:21 | 2.69x | 11.80x | 7.25x |
| 5 | 19th Sep 2024 12:43 | 2.87x | 13.19x | 8.03x |
Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 6,354.87 | 4,864.7 | 4,929.49 | |||||||||||||||||||||||||||
| Revenue | 5,191 | 4,866.89 | 2,630.17 | |||||||||||||||||||||||||||
| Profit After Tax | 347.76 | 119.61 | 48.08 | |||||||||||||||||||||||||||
| Net Worth | 2,313.11 | 1,483.69 | 1,384.08 | |||||||||||||||||||||||||||
| Reserves and Surplus | 812.31 | 1,383.69 | 1,284.08 | |||||||||||||||||||||||||||
| Total Borrowing | 1,578.4 | 1,753.99 | 1,835.37 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Popular Foundations Limited | 2.41 | 2.41 | 16.06 | 15.35 | 15.03 | Standalone |
| Ncc Limited | 10.06 | 10.06 | 108.51 | 31.9 | 9.62 | Standalone |
| Hindustan Construction Co.ltd. | 1.06 | 1.06 | 6.09 | 40.19 | 19.39 | Standalone |
Last Updated on 19-Sep-2024 13:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Popular Foundations SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Popular Foundations SME IPO with Zerodha.
Alternate approch to apply in Popular Foundations SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Popular Foundations SME IPO Review and Important Updates
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To subscribe or apply in Popular Foundations SME IPO, you can use the following methods:
| Popular Foundations SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Popular Foundations SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Popular Foundations SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Popular Foundations SME IPO. Most of the Syndicate Banks provide access to apply in Popular Foundations IPO via ASBA process. You must have your net banking access, DP ID information to apply in Popular Foundations SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Popular Foundations SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Popular Foundations SME IPO Review and Important Updates
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Popular Foundations SME IPO is going to be list on 24-09-2024.
Other relevant questions:
When Popular Foundations SME IPO will be listing? Popular Foundations SME IPO listing date?Popular Foundations SME IPO date of listing
Popular Foundations SME IPO Allotment Date is 20-09-2024.
Other relevant questions:
Popular Foundations SME IPO share allotment date?Popular Foundations SME IPO allotment date?
