Popular Foundations IPO vs SD Retail IPO

Comparision between Popular Foundations IPO and SD Retail IPO.

IPO Details

Popular Foundations IPO is a SME Book Built Issue IPO proposed to list at BSE SME while SD Retail IPO is a SME Book Built Issue proposed to list at NSE SME.

	Popular Foundations IPO	SD Retail IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Srujan Alpha Capital Advisors Llp	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Spread X Securities Private Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Popular Foundations IPO is up to ₹19.87 Cr whereas the issue size of the SD Retail IPO is up to ₹64.98 Cr. The final issue price of Popular Foundations IPO is ₹37.00 per share and of SD Retail IPO is ₹131.00 per share.

	Popular Foundations IPO	SD Retail IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹124.00 per share
Issue Price (Upper)		₹131.00 per share
Issue Price (Final)	₹37.00 per share	₹131.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1000 shares
Fresh Issue Size	53,70,000 shares	49,60,000 shares
Fresh Issue Size (Amount)	up to ₹19.87 Cr	up to ₹64.98 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	53,70,000 shares	49,60,000 shares
Issue Size Total (Amount)	up to ₹19.87 Cr	up to ₹64.98 Cr

IPO Timetable

Popular Foundations IPO opens on Sep 13, 2024, while SD Retail IPO opens on Sep 20, 2024. The closing date of Popular Foundations IPO and SD Retail IPO is Sep 19, 2024, and Sep 24, 2024, respectively.

	Popular Foundations IPO	SD Retail IPO
Anchor Bid Date		Sep 19, 2024
Issue Open	Sep 13, 2024	Sep 20, 2024
Issue Close	Sep 19, 2024	Sep 24, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 25, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 26, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 26, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 27, 2024
Anchor Lockin End date 1		Oct 25, 2024
Anchor Lockin End date 2		Dec 24, 2024

Financials

Popular Foundations IPO P/E ratio is 15.97, as compared to SD Retail IPO P/E ratio of 23.73.

Popular Foundations IPO

SD Retail IPO

Financial

Popular Foundations Limited Financial Information (Restated)

Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,354.87	4,864.7	4,929.49
Revenue	5,191	4,866.89	2,630.17
Profit After Tax	347.76	119.61	48.08
Net Worth	2,313.11	1,483.69	1,384.08
Reserves and Surplus	812.31	1,383.69	1,284.08
Total Borrowing	1,578.4	1,753.99	1,835.37
Amount in ₹ Lakhs

SD Retail Limited Financial Information (Restated)

SD Retail Limited's revenue increased by 20% and profit after tax (PAT) rose by 77% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,225.54	8,835.65	7,759.56
Revenue	16,328.48	13,568.86	12,873.65
Profit After Tax	759.76	430.17	1,011.06
Net Worth	4,179.98	3,420.22	2,990.04
Reserves and Surplus	4,054.87	3,357.66	2,927.49
Total Borrowing	4,354.72	2,051.31	1,844.13
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.36%

88.82%

Promoter Shareholding (Post-Issue)

61.39%

65.29%

P/E Ratio

15.97

23.73

Market Cap

₹75.40 Cr.

₹245.26 Cr.

ROE

23.17%%

6.29%%

ROCE

22.77%%

15.61%%

Debt/Equity

1.04

EPS

₹2.32

₹5.52

RoNW

15.03%%

18.18%%

Shares Offered

In the Popular Foundations IPO retail investors (RII) are offered 25,50,000 shares while in SD Retail IPO retail investors are offered 25,50,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Popular Foundations IPO and 9,42,000 shares in SD Retail IPO.

	Popular Foundations IPO	SD Retail IPO
Anchor Investor Reserveration		14,12,000 shares
Market Maker Reserveration	2,70,000 shares	2,50,000 shares
QIB	0 shares	9,42,000 shares
NII	25,50,000 shares	7,07,000 shares
RII	25,50,000 shares	16,49,000 shares
Employee	0 shares	0 shares
Others
Total	51,00,001 shares	32,98,000 shares

Bids Received (Subscription)

Popular Foundations IPO subscribed 9.21x in total, whereas SD Retail IPO subscribed 97.08x.

	Popular Foundations IPO	SD Retail IPO
QIB (times)		69.84x
NII (times)	3.54x	207.62x
Big NII (times)
Small NII (times)
RII (times)	14.89x	65.25x
Employee (times)
Other (times)
Total (times)	9.21x	97.08x

Compare with others

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SD Retail IPO	Kalana Ispat IPO
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Osel Devices IPO	Phoenix Overseas IPO
Paramount Speciality Forgings IPO	WOL 3D IPO
Sodhani Academy of Fintech Enablers IPO	BikeWo GreenTech IPO
Deccan Transcon Leasing IPO	Pelatro IPO
Envirotech Systems IPO	Osel Devices IPO
Trafiksol ITS Technologies IPO	Paramount Speciality Forgings IPO
Gajanand International IPO	Popular Foundations IPO

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