Popular Foundations Ltd IPO |
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 |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 13-Sep-24 |
19-Sep-24 |
(Rs)37.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :3000 Further Multiples of :3000 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
17.88 |
| Srujan Alpha Capital Advisors LLP |
|
| Project Financed through Current Offer |
19.87 |
|
| Post Issue Equity Share Capital |
20.38 |
|
| Issue Price |
(Rs)37.00 |
|
|