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Popular Foundations IPO
Popular Foundations Ltd
₹1,11,000 /3000 sharesMinimum investment
IPO details
Minimum investment
₹1,11,000
Price range
₹37 - ₹37
Lot size
3,000
Issue size
19.87 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
13 Sep 2024
IPO open date
19 Sep 2024
IPO close date
20 Sep 2024
Allotment date
20 Sep 2024
Funds unblock or debit
24 Sep 2024
Tentative listing date
About
Founded in
1998
MD/CEO
Mr. Ananthanarayanan Sankaralingam Venkatesh
Parent organisation
Popular Foundations Ltd
Popular Foundations Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For Popular Foundations IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹37 - ₹37 | ₹2 - ₹5 Lakhs | 3000 |
| High Networth Individual | ₹37 - ₹37 | ₹2 - ₹5 Lakhs | 3000 |