58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Popular Foundations Limited IPO Analysis

Popular Foundations IPO is a book build IPO listing on BSE SME exchange. The company is based in Chennai and caters to Infrastructure sector. Srujan Alpha Capital Advisors Llp is the merchant banker of Popular Foundations IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th March 2024.

Popular Foundations IPO posted revenues of Rs 51.91 crores and PAT of Rs 3.48 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : BSE SME
IPO Type : Fixed Price

Popular Foundations IPO Financial Performance (Restated)

Financial results of Popular Foundations IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
FY 24
FY 23
FY 22
Balance Sheet
Assets
0.64
0.49
0.49

Net Worth
0.23
0.15
0.14

Total Debt
0.16
0.18
0.18

Profit & Loss
Revenue
Revenue on annualised basis
0.52
0.52
0.49
0.26

EBITDA
EBITDA on annualised basis
0.07
0.07
0.03
0.03

PAT
PAT on annualised basis
0.03
0.03
0.01
[●]

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Popular Foundations IPO Key performance Indicators (KPI)

Popular Foundations IPO PAT Margin is 5.77%, ROCE (Return on Capital Employed) is [●]% as per latest financial. The below table shows Popular Foundations IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
FY 24
FY 23
FY 22

EBITDA Margin (%)
13.46
6.12
11.54

PAT Margin (%)
5.77
2.04
[●]

EPS (Rs.)
[●]
[●]
[●]

ROE (%)
13.04
6.67
[●]

ROCE (%)
[●]
[●]
[●]

ROA (%)
4.69
2.04
[●]

Debt to Equity (x)  
0.70
1.20
1.29

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Popular Foundations IPO Valuation Metrics

The market Capitalisation of Popular Foundations IPO is Rs 75.40 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
75.40

Enterprice Value (EV) (Rs. Cr.):
75.56

EV/EBITDA (times) :
1,079.43

PE Multiple (times) :
21.68

P/B (times) :
3.75

NAV (Rs.) :
[●]

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Popular Foundations prospectus?

The Popular Foundations IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Popular Foundations IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Popular Foundations IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Popular Foundations IPO ?

The post-IPO market capitalisation of Popular Foundations IPO is ₹75.40 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Popular Foundations IPO?

The Popular Foundations IPO has a Price-to-Earnings (PE) ratio of 21.68 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Popular Foundations IPO?

Popular Foundations IPO reported revenue of ₹51.91 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Popular Foundations IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Popular Foundations IPO?

Popular Foundations recorded an EBITDA of ₹ 0.07 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Popular Foundations IPO?

Popular Foundations Profit After Tax (PAT) is ₹0.03 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 0.52 Cr.
            EBITDA: ₹ 0.07 Cr.
            PAT: ₹ 0.03 Cr.
  • EBITDA Margin: 13.46 %
            Pat Margin: 5.77%
  • Net Worth: ₹ 0.23 Cr.
  • Market Capitalisation: ₹ 75.40 Cr.
  • P/E: 21.68 times
  • P/BV: 3.75 times
  • EV/EBITDA: 1,079.43 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Popular Foundations operates in Infrastructure and Construction Practice In Various Sectors Such As Factories, Educational Institutions, And Commercial And Residential Projects.. The Issue is listed on BSE SME in Sep, 2024. Popular Foundations IPO size was 19.87 with Issue price of 37.00 .

Popular Foundations IPO subscription was 9.21 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Popular Foundations IPO listed at a listing price of 37.07 against the offer price of 37.00.

The current market price of Popular Foundations is 32.40.

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