| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹19.87 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹19.87 Cr |
| Fresh Issue | ₹18.87 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน37.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544259 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Srujan Alpha Capital Advisors... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
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, Vizhuppuram and Coimbatore.
Competitive strengths:
As of September 07, 2024, the company employed 86 employees on-site and at headquarters, including senior executives.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; | 4.94 |
| 2 | Funding the working capital requirements of the Company; and | 11.86 |
| 3 | General corporate purposes | 1.08 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 63.55 | 48.65 | 49.29 |
| Total Income | 51.91 | 48.67 | 26.30 |
| Profit After Tax | 3.48 | 1.20 | 0.48 |
| NET Worth | 23.13 | 14.84 | 13.84 |
| Reserves and Surplus | 8.12 | 13.84 | 12.84 |
| Total Borrowing | 15.78 | 17.54 | 18.35 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 23.17% |
| ROCE | 22.77% |
| RoNW | 15.03% |
| PAT Margin | 6.70% |
| Price to Book Value | 2.30 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 2.32 | 1.71 |
| P/E (x) | 15.97 | 21.68 |
| Promoter Holding | 83.36% | 61.39% |
| Market Cap | โน75.40 Cr. | |