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POPULAR FOUNDATIONS LIMITED

SME

Issue Price

₹37

per equity share

Issue Size

53.7 lakhs

equity share

Face Value

per equity share

Market Lot

3000

equity share

Please note

Listing at BSE

POPULAR FOUNDATIONS LIMITED

Important Dates

IPO Open Date

13 Sep 2024

IPO Close Date

19 Sep 2024

Allotment Date

20 Sep 2024

Initiation of Refunds

23 Sep 2024

Credit of Shares to Demat Account

23 Sep 2024

IPO Listing Date

24 Sep 2024

UPI Mandate Expiry Date

19 Sep 2024

IPO Details

Popular Foundations is open for subscription from Friday, September 13, 2024, and closes on Wednesday, September 18, 2024. The price for this IPO is set at Rs 37 per share. Popular Foundations IPO is offering entirely a fresh issue of 53.70 lakh equity shares worth up to Rs 19.80 crore. The allotment for this new IPO is expected to be finalised on Thursday, September 19, 2024. The listing of this IPO will be done on Monday, September 23, 2024, at BSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 3000 shares. For retail investors, the minimum and maximum investment amount required is Rs 111,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 6000 shares amounting to Rs 222,000. The IPO is managed by Srujan Alpha Capital Advisors LLP, which is the book-running lead manager of this public issue. The company has appointed Bigshare Services Private Limited as the registrar for the issue.

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About POPULAR FOUNDATIONS LIMITED

Popular Foundations Limited, founded in 1998, specialises in providing engineering and construction services with a focus on non-residential and non-government projects. The company has successfully executed projects in Chennai and across other locations like Pondicherry, Bangalore, and Coimbatore, delivering end-to-end solutions for factories, educational institutions, and commercial developments. With a robust business model centered on customer satisfaction, fair pricing, and strategic market positioning, Popular Foundations has built a strong reputation for quality design and on-time project completion. As of September 7, 2024, the company employed 86 staff members across its sites and headquarters, contributing to its continued growth in the construction sector.

Parent Organisation

-

Founded

1998

Managing Director

Mr. Ananthanarayanan Sankaralingam Venkatesh and Mrs. Vinita Venkatesh

IPO Objectives

The company intends to utilise the funding received from the fresh issue for various purposes, including prepayment or repayment of certain outstanding borrowings, funding its working capital requirements, and addressing general corporate purposes.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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