00:00The next one is Popular Foundations Limited IPO. It has been opened since today.
00:06Issue size is 19.87 crores. Minimum lot size is 3000 shares.
00:12Price band is 37 rupees. This company has expertise in engineering and construction services.
00:18It also provides end-to-end solutions in the construction sector.
00:21This company is running since 1998. Sir, what is your opinion about Popular Foundations IPO?
00:27I have a doubt on this.
00:31According to the sales, there is no profitability.
00:34Borrowing has been quite expensive.
00:38There is not much space in the price band.
00:43I think we should stop and apply it.
00:46If we can avoid it or not, then we should ignore it.
00:52I don't think it is attractive.
00:56But if the grey market prices increase,
01:03or if the number of subscribers increases, then it can be done.
01:08But my primary opinion is to avoid it.
Comments