Founded in 1998, Popular Foundations Limited specializes in engineering and construction services and offers comprehensive end-to-end solutions in the construction sector.
The company is dedicated to construction practice in various sectors such as factories, educational institutions, and commercial and residential projects. However, the company strategically focuses on non-residential and non-government construction projects in and around Chennai. Apart from Chennai, the company has successfully executed projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram and Coimbatore.
Competitive strengths:
As of September 07, 2024, the company employed 86 employees on-site and at headquarters, including senior executives.
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 6,354.87 | 4,864.7 | 4,929.49 | |||||||||||||||||||||||||||
| Revenue | 5,191 | 4,866.89 | 2,630.17 | |||||||||||||||||||||||||||
| Profit After Tax | 347.76 | 119.61 | 48.08 | |||||||||||||||||||||||||||
| Net Worth | 2,313.11 | 1,483.69 | 1,384.08 | |||||||||||||||||||||||||||
| Reserves and Surplus | 812.31 | 1,383.69 | 1,284.08 | |||||||||||||||||||||||||||
| Total Borrowing | 1,578.4 | 1,753.99 | 1,835.37 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Popular Foundations IPO is Rs 75.4 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 23.17% |
| ROCE | 22.77% |
| RoNW | 15.03% |
| P/BV | 2.3 |
| PAT Margin (%) | 6.7 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.32 | 1.71 |
| P/E (x) | 15.97 | 21.68 |
The Company proposes to utilize the Net Proceeds towards funding the following objects:
| IPO Date | September 13, 2024 to September 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹37 per share |
| Lot Size | 3000 Shares |
| Total 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 |
The promoters of the Company are Mr. Ananthanarayanan Sankaralingam Venkatesh and Mrs. Vinita Venkatesh.
| Share Holding Pre Issue | 83.36% |
| Share Holding Post Issue | 61.39% |
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