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Popular Foundations IPO
Popular Foundations Ltd
₹1,11,000 /3000 sharesMinimum Investment
Popular Foundations IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹37.00 | ₹37.00 | ₹0.00 (0.00%) |
Popular Foundations IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 13 Sep ‘24 - 19 Sep ‘24 | ₹1,11,000 | 3,000 | ₹37 - ₹37 |
| Issue Size | IPO Doc |
|---|---|
| 19.87Cr | RHP PDF |
About Popular Foundations
Founded in
1998
Managing director
Mr. Ananthanarayanan Sankaralingam Venkatesh
Parent organisation
Popular Foundations Ltd
Strengths & Financials of Popular Foundations
Strengths
Risks
Popular Foundations claims to have completed projects at various locations, including Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, Coimbatore, and Chennai.
The company claims to have specialised skills in engineering, architecture, and both interior and exterior fit-outs, which helped it gain recognition among educational institutions, industries, and commercial establishments throughout Tamil Nadu.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 25.89 crore in FY22 to Rs 47.09 crore in FY23 to Rs 51.82 crore in FY24. Meanwhile, PAT increased from Rs 0.48 crore in FY22 to Rs 1.20 crore in FY23 to Rs 3.48 crore in FY24.
Popular Foundations is currently involved in a case related to indirect taxes. Any adverse judgment in this case can be detrimental to the company’s business prospects.
The company is dependent on a few suppliers for the timely delivery of materials. Any delay in receiving necessary materials on time, or if the materials do not meet the required quality, could hurt the company’s operations.
The company’s success relies on stable and reliable logistics and transportation. Any disruptions in these services can hinder deliveries of materials from vendors, or any increase in transportation costs can adversely affect the company’s functions and finances.
Popular Foundations relies on skilled personnel for its operations. Any failure in recruiting or retaining skilled manpower could harm the company's operational capabilities.
As of March 31, 2024, the company had outstanding loans totalling Rs 9.69 crore. Any inability to service or repay these loans could adversely affect the business.
Popular Foundations Financials
*All values are in Rs. Cr
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Application Details of Popular Foundations IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹37 - 37 | ₹2 - 5 Lakh |
| High Networth Individual | ₹37 - 37 | ₹2 - 5 Lakh |
For Popular Foundations IPO, eligible investors can apply as Regular.