Popular Foundations IPO is a fixed price issue of Rs. 19.87 crores. The issue is entirely a fresh issue of 53.7 lakh shares. Popular Foundations IPO opens for subscription on September 13, 2024 and closes on September 18, 2024. The allotment for the Popular Foundations IPO is expected to be finalized on Thursday, September 19, 2024. Popular Foundations IPO will list on BSE SME with tentative listing date fixed as Monday, September 23, 2024.
Popular Foundations IPO price is ₹37 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹111,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹222,000.
Popular Foundations IPO Dates
The Popular Foundations IPO date is September 13 and the close date is September 18. The Popular Foundations IPO allotment will be finalized on September 19 and the IPO listing on September 23.
| IPO Open Date: | September 13, 2024 |
| IPO Close Date: | September 18, 2024 |
| Basis of Allotment: | September 19, 2024 |
| Refunds: | September 20, 2024 |
| Credit to Demat Account: | September 20, 2024 |
| IPO Listing Date: | September 23, 2024 |
Popular Foundations IPO Details
| IPO Date | September 13, 2024 to September 18, 2024 |
| Face Value | ₹10 per share |
| Price | ₹37 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,370,000 shares |
| Fresh Issue | 5,370,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 15,008,000 |
| Share holding post issue | 20,378,000 |
| Market Maker portion | 270,000 shares |
Popular Foundations IPO Market Lot
The Popular Foundations IPO minimum market lot is 3000 shares with ₹111,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹111,000 |
| Retail Maximum | 1 | 3000 | ₹111,000 |
| HNI Minimum | 2 | 6000 | ₹222,000 |
Popular Foundations IPO Company Financial Report
The company reported revenue of ₹51.91 crores in 2024 against ₹48.67 crore in 2023. The company reported profit of ₹3.48 crores in 2024 against profit of ₹1.20 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹26.30 | ₹25.92 | ₹.48 | ₹49.29 |
| 2023 | ₹48.67 | ₹47.31 | ₹1.20 | ₹48.65 |
| 2024 | ₹51.91 | ₹46.53 | ₹3.48 | ₹63.55 |
