Popular Foundations IPO subscription status started on September 13, 2024, and closed on September 19, 2024. The company aims to raise approximately ₹19.87 crore via this IPO. The retail quota is 35%, NII 50%. The price band is fixed at ₹37 per equity share.
The IPO consists of a minimum market lot of 3000 Shares requiring an application amount of ₹1,11,000. Popular Foundations is a SME IPO that will be listed on the BSE.
Also read: Popular Foundations IPO: Dates, Pricing and Allotment 2024
Table of contents
IPO Overview
Popular Foundations Limited, founded in 1998, brings over 25 years of expertise in civil engineering, specializing in a wide range of engineering and construction activities. The company offers comprehensive, end-to-end solutions across various sectors, including factories, educational institutions, and commercial and residential projects. Notably, they focus on non-residential and non-government projects, particularly in and around Chennai. Additionally, they have successfully executed projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore.
The company’s portfolio includes commercial buildings, hotels, factories, art centers, residential buildings, and educational institutions. With a dedicated team of 68 technically qualified engineers and a strong QS/QA department, they ensure precision and quality in every project.
One of Popular Foundations’ key competitive strengths lies in its experienced management team, which plays a pivotal role in the company’s growth and financial success. Furthermore, the company is known for its commitment to on-time delivery, helping clients make informed decisions, and enhancing its reputation in the marketplace. Lastly, their emphasis on high-quality design ensures that their projects stand out in both aesthetics and functionality, giving them a competitive edge in the construction sector.
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We advise investors to consider applying for an IPO with a Avoid. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Popular Foundations IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 |
|---|---|---|---|---|---|
| NII | 0.90 | 1.48 | 2.09 | 2.69 | 3.54 |
| RII | 1.48 | 5.06 | 8.03 | 11.80 | 14.89 |
| Total | 1.19 | 3.27 | 5.06 | 7.25 | 9.21 |
Popular Foundations IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Popular Foundations
- Avoid
Popular Foundations IPO Form
To apply for the Popular Foundations IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 13, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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