The Popular Foundations IPO has garnered significant attention in the financial market. Beginning on September 13, 2024, and concluding on September 19, 2024, the IPO saw a healthy subscription rate. Investors from various categories actively participated, showing their confidence in the company’s potential growth.
The Pelatro IPO, which was a similar offering, was subscribed 9.21 times overall, with the retail category leading the charge at 14.89 times and the Other category recording 3.54 times by the closing date of September 19, 2024. These numbers reflect the growing interest of retail investors in IPOs listed on the BSE SME (Small and Medium Enterprises) platform.
The Popular Foundations IPO allotment status is highly anticipated, with investors eagerly waiting to see if they have secured shares. The allotment process is expected to be completed by Friday, September 20, 2024, and the provisional listing date on the BSE SME is set for Tuesday, September 24, 2024.
Subscription Insights of Popular Foundations IPO
The Popular Foundations IPO received significant interest from retail and institutional investors alike. The strong subscription numbers are a testament to the company’s robust business model and its potential for future growth. Let’s dive into the key details:
- Subscription Period: September 13 to September 19, 2024
- Total Subscription: 9.21 times overall
- Retail Subscription: 14.89 times
- Other Category Subscription: 3.54 times
The heightened subscription in the retail category highlights the growing participation of individual investors in the BSE SME IPO space, a platform designed to offer investment opportunities in emerging companies.
Allotment and Listing Details
Investors who have applied for the Popular Foundations IPO can check the allotment status on the Bigshare Services Pvt Ltd website. Bigshare Services is the official registrar for the IPO, and they will handle the entire allotment process. The shares will be listed on the BSE SME, a dedicated platform for small and medium enterprises.
Steps to Check Popular Foundations IPO Allotment Status:
- Visit the Bigshare Services Pvt Ltd Website: The registrar’s website is the official source for checking the allotment status. Investors can visit the website and follow the steps to see if they have been allocated shares.
- Navigate to the Allotment Status Page: On the website, look for the section dedicated to IPO allotment status.
- Enter Application Number or PAN: Investors will need to provide either their Application Number or PAN number to check the allotment status.
- Click the Search Button: After entering the required details, click the search button to view the status.
Alternatively, investors can also check the allotment status on the BSE website by following a similar process.
Key Dates for Popular Foundations IPO:
- Allotment Date: Friday, September 20, 2024
- Listing Date on BSE SME: Tuesday, September 24, 2024
Popular Foundations IPO: Grey Market Premium (GMP)
As of now, the Popular Foundations Ltd IPO has a Grey Market Premium (GMP) of ₹0 per share. This indicates that the shares are currently being traded at the issue price in the grey market. While the lack of a premium may signal a neutral sentiment in the grey market, it’s important to remember that GMP is just one indicator and may not reflect the long-term potential of the stock post-listing.
Investors should consider a company’s fundamentals, business model, and future growth prospects rather than relying solely on grey market trends when making investment decisions.
About Popular Foundations and Market Outlook
Popular Foundations Ltd operates in a niche segment with a focus on delivering quality services across its business verticals. The company has built a solid foundation with a focus on growth and expansion in its industry. The decision to go public via an IPO on the BSE SME platform will allow the company to raise capital for its next phase of growth while offering investors a chance to participate in its success.
Popular Foundations’ decision to list on the BSE SME platform indicates its strategy to reach a broader investor base, enabling small and medium enterprises to access the capital market and grow their business. As part of the SME Exchange, the company is well-positioned to leverage this platform to expand its reach and scale its operations.
With a promising business model and the backing of strong lead managers like Srujan Alpha Capital Advisors LLP, Popular Foundations Ltd is poised to capitalize on its market positioning. The company’s focus on growth, coupled with the funds raised from the IPO, should help drive future expansion and innovation in its respective sector.
Lead Managers and Registrars
The Popular Foundations IPO is managed by Srujan Alpha Capital Advisors LLP, who are the book-running lead managers for the offering. Bigshare Services Pvt Ltd is the official registrar, tasked with managing the allotment process and ensuring that the shares are appropriately distributed among investors.
Srujan Alpha Capital Advisors LLP has a track record of successfully managing several IPOs in the past, and their involvement adds credibility to the Popular Foundations IPO. Investors can rest assured that the process will be handled with the utmost professionalism and transparency.
Investment Considerations and Final Thoughts
The Popular Foundations IPO presents an attractive opportunity for investors looking to participate in the growth of a promising small to medium enterprise. With a strong subscription response, particularly from retail investors, there is clear market confidence in the company’s prospects.
Here are a few reasons why investors might consider this IPO:
- Strong Subscription: The overwhelming response from retail investors is a positive indicator of confidence in Popular Foundations’ business model.
- Growth Potential: As a company listed on the BSE SME platform, Popular Foundations has the potential to grow rapidly and expand its market presence.
- Credible Management: With experienced lead managers like Srujan Alpha Capital Advisors LLP, investors can trust the process and management behind this offering.
However, as with all investments, it’s essential to assess the company’s fundamentals, market conditions, and personal financial goals before making any decisions.
For those who are interested in checking the Popular Foundations IPO allotment status, remember to visit the Bigshare Services Pvt Ltd website and follow the simple steps outlined above. The shares are expected to be listed on the BSE SME on September 24, 2024, and we look forward to seeing how the company performs in the public market.
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