Popular Foundations SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Popular Foundations IPO. Explore Popular Foundations IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Popular Foundations Limited is a engineering and construction company with over 25 years of experience, providing comprehensive end-to-end solutions for various construction projects. Incorporated in 1998, the company specializes in non-residential and non-governmental civil construction, focusing primarily on projects in and around Chennai. Popular Foundations has established a strong reputation in the construction of factories, educational institutions, commercial establishments and residential projects. The company’s services also include architecture, interior and exterior fit-outs. Popular Foundations has successfully completed numerous projects across Tamil Nadu and other regions like Pondicherry, Bangalore and Coimbatore, earning the trust of educational institutions and commercial clients.
Key Points:
- Established Legacy: With over 25 years in the construction industry, Popular Foundations has extensive experience in engineering, architecture, and construction services.
- Project Specialization: Focuses on non-residential and non-governmental civil construction, with expertise in educational institutions, factories and commercial establishments.
- Key Regions: Operates mainly in Tamil Nadu, including cities like Chennai, Pondicherry, Bangalore, Trichy and Coimbatore.
- Tender-Based Project Acquisition: Relies on tenders floated through Architects/PMC for project acquisition, with repeat orders from institutional clients, demonstrating strong client retention.
Objects of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- Funding the working capital requirements of the Company
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 13 Sep - 19 Sep 2024 |
| IPO Price Band | ₹37 per share |
| Fresh Issue | 53,70,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹19.87 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 13 Sep 2024 |
| IPO Closing Date | 19 Sep 2024 |
| Basis Of Allotment | 20 Sep 2024 |
| Refunds | 23 Sep 2024 |
| Demat Transfer | 23 Sep 2024 |
| IPO Listing Date | 24 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 20.71 | 26.30 | 48.67 | 51.91 |
| Total Expenses | 20.99 | 25.92 | 47.31 | 46.53 |
| Net Profit/Loss | -0.21 | 0.48 | 1.20 | 3.48 |
| NPM (*) | -1.03 | 1.83 | 2.46 | 6.70 |
| Total Assets | 41.64 | 49.29 | 48.65 | 63.55 |
| Total Liabilities | 28.16 | 35.45 | 33.81 | 40.43 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | -0.17 | 0.38 | 0.96 | 2.41 |
| ROE (%) | -1.59 | 48.08 | 119.61 | 23.17 |
| ROCE (%) | 7.43 | 9.39 | 11.85 | 22.77 |
| D/E Ratio | 1.07 | 1.33 | 1.18 | 0.68 |
| Current Ratio | 1.70 | 1.72 | 1.71 | 1.76 |
| EBITDA MARGIN (%) | 8.67 | 10.08 | 6.65 | 13.68 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Popular Foundations Limited | 51.82 | 15.35 | 2.41 | 15.03 | 16.06 |
| NCC Limited | 18,314.41 | 31.90 | 10.06 | 9.62 | 108.51 |
| Hindustan Construction Company Limited | 5,042.71 | 40.19 | 1.06 | 19.39 | 6.09 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 3.54 |
| Retail Individual Investor (RII) | 14.89 |
| Total | 9.21 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. ANANTHANARAYANAN SANKARALINGAM VENKATESH
- MRS. VINITA VENKATESH
Lead Managers
- SRUJAN ALPHA CAPITAL ADVISORS LLP
Company Address
Popular Foundations Limited
New No. 32/1, 32/2, Old No. 9/1, 9/2, Kamatchi Apartment, 10th Avenue, Ashok Nagar, Chennai-600083, Tamilnadu, India
Phone: +91 9414987318
Email: info@grouppopular.com
Website: www.grouppopular.com
FAQs
- What is the issue size of the Popular Foundations SME IPO?The Popular Foundations SME IPO has an issue size of ₹19.87 crore. This includes a fresh issue of 53,70,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Popular Foundations IPO?The price band for the Popular Foundations IPO is ₹37 per share.
- What are the bidding dates for the Popular Foundations IPO?The Popular Foundations IPO will open for bidding on 13 Sep 2024 and close on 19 Sep 2024.
- What is the allotment date for the Popular Foundations IPO?The allotment date for the Popular Foundations IPO is 20 Sep 2024.
- What is the listing date for the Popular Foundations IPO?The listing date for the Popular Foundations IPO is 24 Sep 2024.
- What is the Popular Foundations IPO grey market premium?The grey market premium (GMP) for the Popular Foundations IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.