IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
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 open date is 13th September 2024 and close date is 19th September 2024. IPO Allotment Date is 20th September 2024 and Listing date is 24th September 2024.Popular Foundations IPO size is Rs 19.87 Cr. crores with IPO price of Rs 37.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Srujan Alpha Capital Advisors Llp is the book-running lead manager of the Popular Foundations IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Spread X Securities Private Limited for Popular Foundations IPO.
Popular Foundations IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Popular Foundations IPO, based in Chennai, operates in the Infrastructure sector with a focus on construction practice in various sectors such as factories, educational institutions, and commercial and residential projects.. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Popular Foundations IPO size is ₹ 19.87 Cr. Crores with fresh issue size of Rs 19.87 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Popular Foundations IPO is expected to be 20th September 2024, after the finalization of basis of allotment. Investors can check Popular Foundations IPO allotment status on the registrars website, Bigshare Services Private Limited. Popular Foundations IPO refund dates are 23rd September 2024.
Popular Foundations IPO is expected to be listed on 24th September 2024.
The upper price band for the Popular Foundations IPO is set at ₹ 37.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Popular Foundations IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Popular Foundations IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 19th September 2024. After submission, funds are blocked until the basis of allotment of Popular Foundations IPO is finalised.
The merchant banker for Popular Foundations IPO is Srujan Alpha Capital Advisors Llp . Srujan Alpha Capital Advisors Llp manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Popular Foundations IPO RHP for further details.
The registrar for Popular Foundations IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Popular Foundations IPO through their official website or helpline.
Popular Foundations IPO was subscribed 9.21 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 19.87 Cr.
Avg IPO Size (Sector Based)
:
₹ 26.70 Cr.
Sector: Infrastructure
SME IPO so far:
37
Merchant Banker:
Srujan Alpha
SME IPO by BRLM so far:
47
City:
Chennai
SME IPO so far:
30
Revenue (annualised):
₹ 0.52 cr.
PE
Ratio:
21.68x
Average Sector PE Ratio: 18.18x
Popular Foundations IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Popular Foundations Financial Review Page
Merchant Banker(s) of Popular Foundations IPO: Srujan Alpha Capital Advisors Llp
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.
Why Us?
