Popular Foundations Limited IPO GMP

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.

Popular Foundations, an Fixed Price Issue amounting to ₹19.86 Crores, consisting entirely an Fresh Issue of 53.7 Lakh Shares. The subscription period for the Popular Foundations IPO opens on September 13, 2024, and closes on September 18, 2024. The allotment is expected to be finalized on or about Friday, September 20, 2024, and the shares will be listed on the BSE SME with a tentative listing date set on or about Tuesday, September 24, 2024.

The Share price of Popular Foundations IPO is set at ₹37 equity per share, with a minimum lot size of 3,000 shares. Retail investors are required to invest a minimum of ₹111,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (6,000 shares), amounting to ₹222,000.

SRUJAN ALPHA CAPITAL ADVISORS LLP is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the Issue. Spread X Securities Private Limited will act as the Market Maker for the Popular Foundations IPO.

Popular Foundations Limited IPO GMP Today
The Grey Market Premium of Popular Foundations Limited IPO is expected in the range of ₹5 to ₹10 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Popular Foundations Limited IPO Live Subscription Status Today
As of 12:55 PM on 19 September 2024, the Popular Foundations Limited IPO live subscription status shows that the IPO subscribed 7.68 times on its Second day of subscription period. Check the Popular Foundations Limited IPO Live Subscription Status Today at BSE.

Popular Foundations Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Popular Foundations IPO allotment date is 20 September, 2024, Thursday. Popular Foundations IPO Allotment will be out on 20th September 2024 and will be live on Registrar Website from the allotment date. Check Popular Foundations Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Popular Foundations Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Popular Foundations Limited IPO
Popular Foundations Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹494.00 Lakhs is required for Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; 
2. ₹1,186.00 Lakhs is required for Funding the working capital requirements of our Company; and 
3. ₹108.21 Lakhs is required for General corporate purposes.

Refer to Popular Foundations Limited RHP for more details about the Company.