Popular Foundations Ltd - IPO

Popular Foundations Ltd IPO Details

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.

Objective of issue

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.

Popular Foundations Ltd Contact Details

Popular Foundations Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@grouppopular.com

Website - www.grouppopular.com