Popular Foundations Limited
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Popular Foundations Limited's successfully completed its Initial Public Offering and commenced trading on Sep 24, 2024 at the BSE exchange. The company raised 53,70,000 Shares through this public offering, comprising 53,70,000 Shares in fresh capital.
The IPO was priced within the band of ₹37 to ₹37, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from Sep 13, 2024 to Sep 19, 2024.
Share allotment was finalized on Sep 20, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Popular Foundations Limited, established in 1998, provides engineering and construction services with end-to-end solutions across various sectors, including factories, educational institutions, and commercial and residential projects. The company primarily focuses on non-residential and non-government projects, mainly in Chennai, while also completing successful projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore. As of September 7, 2024, Popular Foundations employed 86 professionals, including senior executives, working both on-site and at its headquarters.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Leadership: Popular Foundations Limited is guided by a team of skilled professionals and expert engineers, ensuring smooth operations and steady growth.
- High-Quality Designs: The company prioritizes top-notch design, combining functionality with aesthetics to make its projects stand out.
- Reliable & On-Time Delivery: With a strong track record of completing projects on schedule, Popular Foundations has earned trust and a solid reputation in the industry.
- Following Regulations: Not complying with labor laws, health and safety rules, or other local regulations could hurt Afcons' operations and reputation.
- Machinery Challenges: Faulty equipment or poor maintenance could slow down projects and impact work quality.
- Supply Chain Delays: If materials or services from suppliers are delayed, overpriced, or of poor quality, it could disrupt projects and affect business performance.
Mr. Ananthanarayanan Sankaralingam Venkatesh
Mrs. Vinita Venkatesh
Popular Foundations Limited
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