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IPO Synopsis

Popular Foundations Ltd
  • Registered Office: New #.32/1 32/2 Old # 9/1 9/2,Kamatchi Apt Xth Avenue ANagar, Chennai - 600083, Tamil Nadu, India.
  • Phone : +91 94149 87318   Fax:
  • Email : info@grouppopular.com
  • Website :www.grouppopular.com
Public issue of up to 53,70,000 equity shares of face value Rs. 10 each ("Equity Shares") of Popular Foundations Limited (the "Company" or the "Issuer") for cash at a price of Rs. 37 per equity share (including a securities premium of Rs. 27 per equity share) (the "Issue Price"), aggregating upto Rs. 19.87 crores ("Issue") of the issue, 2,70,000 equity shares aggregating to Rs. 1.00 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 51,00,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 37 per equity share aggregating to Rs. 18.87 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.35 % and 25.03%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- and the issue price is 3.7 times of the face value.
Issue
Opens On Closes On
13-Sep-24 19-Sep-24
Money Payable On
Application Allotment
37.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 17.88 Srujan Alpha Capital Advisors LLP
Project Financed through Current Offer (.Cr) 19.87  
Post Issue Equity Share Capital (.Cr) 20.38
Issue Price () 37.00
Projects
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
Funding the working capital requirements of the company
General corporate purposes
Promoted By
Ananthanarayanan Sankarlingam
Vinita Venkatesh
Listing At
BSE - SME
Registrar to the Issue
No Data Available
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