Popular Foundations Limited (BSE SME)
September 13, 2024 – September 19, 2024
| Price | ₹37 - ₹37 |
| Premium | ₹0 |
|---|---|
| Lot size | 3000 |
| Allotment | Sep 20, 2024 |
| Listing | Sep 24, 2024 |
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/
Last updated on 19-Sep-2024 17:06:14
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 2550000 | 9303000 | 3.65 |
| Retail | 2550000 | 37962000 | 14.89 |
| Total | 5100000 | 47265000 | 9.27 |
| Total Applications: 23785 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.18 | @8% ₹0.21 | @9% ₹0.23 | @10% ₹0.26 | @11% ₹0.28 | @12% ₹0.31 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 111000 | 850 |
| HNI | 2 | 6000 | 222000 | 850 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 2550000 |
| Other | 47.5% | 2550000 |
| Market Maker | 5.03% | 270000 |
| Total No. of Shares | 100.0% | 5370000 |
Popular Foundations IPO Details
| 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 |
| Share holding pre issue | 15,008,000 |
| Share holding post issue | 20,378,000 |
| Market Maker portion | 270,000 shares Spread X Securities |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 23.17% | 119.61% | 48.08% |
| ROCE | 22.77% | 11.85% | 9.39% |
| RONW | 15.03% | 8.06% | 3.47% |
| D/E | 0.68 | 1.18 | 1.33 |
| EPS (basic) | 2.41 | 0.96 | 0.38 |
| P/E Pre IPO | 15.97 | ||
| P/E Post IPO | 21.68 |
Company Financials
Popular Foundations Limited Financial Information (Restated)
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 | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 6,354.87 | 4,864.7 | 4,929.49 | |||||||||||||||||||||||||||
| Revenue | 5,191 | 4,866.89 | 2,630.17 | |||||||||||||||||||||||||||
| Profit | 347.76 | 119.61 | 48.08 | |||||||||||||||||||||||||||
| Net Worth | 2,313.11 | 1,483.69 | 1,384.08 | |||||||||||||||||||||||||||
| Reserves | 812.31 | 1,383.69 | 1,284.08 | |||||||||||||||||||||||||||
| Borrowing | 1,578.4 | 1,753.99 | 1,835.37 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Company
Popular Foundations Limited, founded in 1998, specializes in engineering and construction services, offering end-to-end solutions across various sectors, including factories, educational institutions, and commercial and residential projects. The company focuses on non-residential and non-government projects, primarily around Chennai, with successful projects also completed in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore. As of September 7, 2024, the company employed 86 people, including senior executives, working both on-site and at headquarters.
Strength
Seasoned Leadership and Expertise: Led by a team of experienced professionals and expert engineers, Popular Foundations Limited ensures operational excellence and sustainable growth.
Quality-Focused Design: The company's commitment to superior design enhances both functionality and aesthetics, distinguishing its projects from competitors.
Reputation for Timely Delivery: By consistently completing projects on schedule, the company builds trust and strengthens its market position.
Weakness
Non-compliance with Laws: Failure to adhere to employee-related, health and safety, or other local regulations could significantly impact the company's operations and reputation.
Machinery Issues: Manufacturing defects or inadequate maintenance of machinery may lead to operational strain, affecting project timelines and quality.
Supply Chain Disruptions: Delays or failures in receiving materials and services from third parties at acceptable prices and quality could hinder project implementation and business performance.