Popular Foundations Share Price

Popular Foundations Limited originally operated the business as a Proprietary Concern. On November 30, 1998, this proprietary businessunderwent a transition into a Private Company, known as Popular Foundations Private Limited with the Registrar of Companies, at Tamil Nadu. Subsequently, Company converted from a Private Limited to a Public Limited Company and the name was changed to Popular Foundations Limited, dated December 20, 2023 at Tamil Nadu. The Company specializes in Engineering and Construction Activities, providing comprehensive endtoend solutions in the construction sector to various verticals such as factories, educational institutions, commercial, and residential projects. However, it strategically directs towards nonresidential and nongovernmental projects in the realm of civil construction. With more than three decades of personal experience in the construction field, especially in institutional and hospitality buildings, Mr. A. S. Venkatesh has led the company to construct numerous Engineering Colleges, Medical Colleges, Nursing Colleges, Schools, Students Hostels, etc., in Tamilnadu in 1998. It has secured contracts for Educational institutions and industrial buildings from the beginning. The first contract was procured outside Chennai city, resulting the Company was made a leading contractor of institutional buildings in 2000. In 2001, the Company gradually expanded operations to Pondicherry, Villupuram, Thanjavur, Karaikal, Madurai, Coimbatore, and Trichy and became a member of Builders Association of India. The Company was ISO 9000 certified in 2001.In 2007, Managing Director A.S.Venkatesh became the District Governor of Rotary International District 3230. The Company then established a separate department for Quality control and Quantity sur vey within the organization in period 2007. The Company was given a contract to construct a green building, expanding the portfolio in 2013. In 2015, it completed a 120,000 sq. ft. building in a record 120 days duration. Entering the hospitality industry, the Company secured prestigious contracts for Hotel Novotel and Hotel Fairfield by Marriott in 2016.In 2021, the Promoter, A.S. Venkatesh was elected to serve on the Board of Rotary International, headquartered in Chicago, which became consistently profitable every year.Company issued and allotted 53,70,000 equity shares of Rs 10 each by raising funds aggregating to Rs 19.87 crores through IPO on September 18, 2024.