Popular Foundations Limited

About the company

## **About Popular Foundations Limited** Popular Foundations stands out in the construction industry with over 25 years of expertise in providing comprehensive engineering and construction solutions. The company specializes in delivering end-to-end services for a diverse range of projects, including factories, educational institutions, commercial buildings, and residential developments. While it caters to various sectors, Popular Foundations strategically focuses on non-residential and non-governmental civil construction projects primarily in and around Chennai, ensuring a concentrated effort on regional expertise and client needs. The company’s reputation for excellence is built upon its proficiency in engineering, architecture, and both interior and exterior fit-outs. Popular Foundations has earned recognition from numerous educational institutions, industries, and commercial establishments throughout Tamil Nadu. Its successful project portfolio extends beyond Chennai to key locations such as Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore. This broad geographical reach and solid track record demonstrate the company's capability and reliability in managing complex construction tasks. Popular Foundations employs a meticulous approach to project acquisition, primarily leveraging tenders as a critical sourcing method. By collaborating with architects and project management consultants (PMC), the company participates in competitive bidding processes where proposals are rigorously evaluated. This structured approach ensures that the most qualified bidders are selected, aligning with the company’s high standards and commitment to quality. The strong brand image and extensive experience of Popular Foundations play a crucial role in its ability to secure and successfully execute high-profile contracts. Notably, Popular Foundations excels in the institutional and hospitality sectors, securing repeat orders from satisfied clients and showcasing its strength in client retention and project acquisition. The company’s dedication to delivering high-quality construction solutions has garnered continued customer patronage and goodwill, solidifying its position as a trusted partner in the construction industry. Through a combination of experience, meticulous project management, and a focus on client satisfaction, Popular Foundations maintains its reputation for reliability and excellence in construction. Popular Foundations  prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;  1. Funding the working capital requirements  1. General corporate purposes.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   13 Sept 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   19 Sept 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   15 Sept 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   23 Sept 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   20 Sept 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   24 Sept 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.