Popular Foundations IPO GMP, Grey Market Premium, Price Band, Listing Date: Popular Foundations Limited IPO opens for subscription on September 13. Let us know all the important things about Popular Foundations IPO of Rs 19.87 crore.
Table of Contents
Popular Foundations Limited Company Details
Established in 1998, Popular Foundation Limited specializes in engineering and construction services, providing end to end solutions in the construction sector. The company’s focus is on construction of factories, educational institutions, commercial and residential projects.
Popular Foundations company strategically focuses on non-residential and non-government construction projects in and around Chennai. Apart from Chennai, the company has successfully completed projects in Pondicherry, Thanjavur, Bangalore, Trichy, Madurai, Vizuppuram and Coimbatore.
Popular Foundations Limited IPO Size
Talking about Popular Foundations Limited IPO size, it is a fixed price issue of Rs 19.87 crore. This is a completely fresh issue of 53.7 lakh shares. The promoters of the company are Ananthanarayanan Shankarlingam Venkatesh and Vineeta Venkatesh.
Popular Foundations Limited IPO Price Band
Talking about Popular Foundations IPO Price Band, its price band is Rs 37 per share. There is a minimum lot size of 3000 shares with one application. The minimum investment amount for retail investors is Rs 1 lakh 11 thousand.
Popular Foundations Limited IPO Financial Performance
Popular Foundation Limited’s revenue grew by 7% and profit after tax (PAT) increased by 191% between the financial years ending March 31, 2024 and March 31, 2023. In FY24, the company’s revenue was Rs 51.91 crore and profit after tax was Rs 3.47 crore.
Popular Foundations IPO GMP / Grey Market Price
Popular Foundations IPO GMP | According to Chittorgarh’s unit Investorgain, The grey market premium of Popular Foundations is Rs 0 as of 11:29 a.m. on Monday, implying no over the IPO price.The estimated listing price based on the GMP is Rs 37 per share. GMP is not an official price quote for the stock and is based on speculation.
Bajaj Housing Finance IPO Listing; Share Price Target, Price Predictions, Expert Advice
Popular Foundations IPO Lead Manager
Srijan Alpha Capital Advisors LLP is the book running lead manager to the Popular Foundation IPO.
Popular Foundations IPO Registrar
BigShare Services Private Limited is the registrar to the issue.
Popular Foundations Limited IPO Timeline
This issue will open on 13 September and close on 18 September. Allotment of shares will take place on September 19. Share credit and refund in demat account will happen on 20th September. The listing of shares will take place on BSE SME on 23 September.