Popular Foundations Limited IPO
Popular Foundations is renowned for its expertise in Engineering, Architecture, and interior and exterior fit-outs. The company has earned a strong reputation among educational institutions, industries, and commercial establishments across Tamil Nadu, having successfully completed projects in multiple locations, including Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore, in addition to Chennai.
Strategic Focus and Market Position
The company’s strategic focus is on non-residential construction, with a particular emphasis on institutional and hospitality sectors. Popular Foundations excels in securing projects through a meticulous tendering process, where its brand reputation and extensive experience play a crucial role in winning contracts. The company’s success in obtaining repeat orders from institutional clients highlights its strength in client retention and project acquisition.
Conclusion
With a strong foundation in the construction sector, particularly in the institutional and hospitality domains, Popular Foundations continues to build on its reputation for delivering high-quality construction solutions. The company’s strategic focus, experienced leadership, and robust financial performance position it well for sustained growth in the coming years.
Objects of the Popular Foundations Limited IPO:
Popular Foundations Limited IPO Details:
Open Date: | Sep 13 2024 |
Close Date: | Sep 18 2024 |
Total Shares: | 5,370,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 19.87 Cr. |
Lot Size: | 3000 Shares |
Issue Price: | ₹ 37 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Sep 23 2024 |
Promoters And Management:
Financials of Popular Foundations Limited IPO:
Particulars ( In Lakhs ) |
2022 |
2023 |
2024 |
Revenue from Operations | 2,589 | 4,710 | 5,182 |
Other Income | 41 | 157 | 9 |
Total Revenue | 2,630 | 4,867 | 5,191 |
Cost Of Material Consumed | 2,739 | 3,534 | 3,554 |
Change in Inventories | -858 | 442 | 289 |
Employees Benefit Expenses | 364 | 394 | 458 |
Other Expenses | 120 | 174 | 179 |
EBITDA | 265 | 323 | 710 |
OPM (%) | 10.08% | 6.65% | 13.68% |
Depreciation & Amortisation | 30 | 33 | 28 |
EBIT | 236 | 291 | 682 |
Finance Cost | 197 | 155 | 145 |
PBT | 38 | 135 | 538 |
Tax | -10 | 16 | 190 |
PAT | 48 | 120 | 348 |
NPM (%) | 1.83% | 2.46% | 6.70% |
No.of Shares | 203.78 | 203.78 | 203.78 |
EPS | 0.23 | 0.58 | 1.70 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
Popular Foundations Limited | 52 | 3 | 1.70 | 21.7 | 37 | 75 |
NCC Limited | 20,845 | 740 | 11.32 | 26.0 | 318 | 19,940 |
Hindustan Construction Company Ltd | 7,007 | 478 | 2.85 | N/A | 45.2 | 7,601 |
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