Popular Foundations Ltd IPO

About Popular Foundations Ltd

Popular Foundations Limited (Company or Issuer) was originally incorporated as `Popular Foundations Private Limited' on November 30, 1998 as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Chennai at Tamilnadu (RoC). Subsequently, pursuant to a special resolution of its Shareholders passed in the extra ordinary general meeting held on December 09, 2023 the Company was converted from a private limited company to a public limited company and consequently the name of the Company was changed to `Popular Foundations Limited', and a fresh certificate of incorporation dated December 20, 2023 was issued to the Company by the RoC, Chennai at Tamilnadu.

The real estate sector, encompassing housing, retail, hospitality, and commercial segments, holds global significance. Its growth is closely tied to corporate expansion, creating a demand for office spaces and diverse accommodations. Despite challenges from the COVID-19 pandemic, especially in the residential sector, the Indian real estate market rebounded with increased home sales, new projects, and rising demand for office and commercial spaces. As the second-largest employment generator in India, the real estate sector is poised for increased non-resident Indian (NRI) investments, with Bengaluru leading as a favored destination, followed by Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun. The continuous growth in retail, hospitality, and commercial real estate aligns with India's evolving infrastructure needs. The key sectors in the India construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The growth of the sector over the forecast period will be supported by an expected improvement in tourism activity, as well as growth in wholesale and retail trade. Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The growth of the sector over the forecast period will be supported by investment in the industrial and manufacturing sectors, as well as an improvement in the wider economy and external demand. Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector over the forecast period will be supported by investment to develop transport infrastructure. The construction and development of the road network as well as other rail infrastructure projects will support the sector's output over the forecast period. Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewag infrastructure, and water infrastructure. The growth of the sector will be supported by investment in renewable energy projects, in line with the government's focus on reducing carbon emissions. The government's aim to achieve energy independence by 2047 and achieve net zero objective and energy security by 2070 are also factors driving the sector growth. Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be supported by public and private investment in the healthcare and education sectors. The sector's growth will also be supported by grants provided by international development organizations. Residential construction: The project types in this sector include single-family housing and multi-family housing. The growth of the residential construction sector over the forecast period will be supported by the country's rising urbanization and population and government initiatives to address the housing deficit. Since consumer and investor confidence is improving, demand for housing is increasing, which will support investment in the sector.

Popular Foundations Limited, with over 25 years of experience, specializes in Engineering and Construction Activities, providing comprehensive end-to-end solutions in the construction sector. The company is dedicated to building practices catering to various verticals such as factories, educational institutions, commercial, and residential projects. However, it strategically directs its focus towards non-residential and non-governmental projects in the realm of civil construction. The Company is construction contractors that specialize in managing and executing construction projects on behalf of its clients. Over the years of its operations, the company has strategically directed its focus towards non-residential and non-governmental projects in the realm of civil construction in and around Chennai. The Company operates under work contracts with clients, which outline the scope of work, project timelines, budget, quality standards, and other terms and conditions.

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