Popular Foundations IPO 

Popular Foundations IPO: Fresh issue of 53.7L shares worth INR 19.87 Cr. Funds to repay borrowings, working capital, and general corporate purposes.

Important Details

Open Date : September 13, 2024 Close Date : September 18, 2024 Allotment Date: September 19, 2024 Listing Date: September 23, 2024

Important Details

IPO Price: INR 37 per share Lot Size: 3000 Shares Total Issue Size: INR 19.87 crores

Fundamental Analysis

Popular Foundations IPO shows mixed performance: 1. Revenue up. 2. Improved profitability, equity, and assets. 3. Lower debt, Higher EPS & RoNW. 4. Strong growth and liquidity.

Peer Comparison

1. Higher RoNW and EPS than NCC Ltd and Hindustan Construction. 2. NCC Ltd and Hindustan Construction are larger but less profitable.

Objective

Popular Foundations Ltd aims to prepay outstanding borrowings and fund working capital needs.

Risks And Challenges

Popular Foundations  IPO Risks: 1. Risks: regulatory changes, machinery issues, supply fluctuations. 2. Mitigations: compliance, maintenance, supplier diversification, updated procurement..