Popular Foundations IPO Live Subscription Status: Popular Foundations IPO is Open on 13 September 2024 and Close on 19 September 2024. Popular Foundations IPO to Raise 5,370,000 shares (Approx ₹19.87 Cr) via IPO. The Fresh Issue is 5,370,000 Shares (Approx ₹19.87 Cr).
- The Retail Quota is 50%
- QIB is -%
- NII is 50%
The Popular Foundations IPO is an SME IPO and Listed on BSE SME. Popular Foundations IPO Price Band is Fixed at ₹37 Equity share. Popular Foundations IPO Lot Size is 3000 Shares.
Also Read: Popular Foundations IPO GMP, Review, Price, Date & IPO Details
Popular Foundations IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Non Institutional Buyers (NIIs) | 25,50,000 | 90,33,000 | 3.54 |
| Retail Individual Buyers (RIIs) | 25,50,000 | 3,79,62,000 | 14.89 |
| Total | 51,00,001 | 4,69,95,000 | 9.21 |
Popular Foundations IPO Subscription Status day-by-day-
| Categories | 13 Sep | 16 Sep | 17 Sep | 18 Sep | 19 Sep |
|---|---|---|---|---|---|
| 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 |
About IPO :
Popular Foundations 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. However, it strategically directs its focus towards non-residential and non-governmenta projects in the realm of civil construction in and around Chennai.
Equipped with expertise in Engineering, Architecture, and interior and exterior fit-outs, Popular Foundations has gained recognition among numerous educational institutions, industries, and commercial establishments in Tamilnadu. The company has successfully undertaken projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, Coimbatore besides Chennai.
Its reputation is built on continued customer patronage, goodwill, and a commitment to delivering high-quality construction solutions. Popular Foundations employs a meticulous approach to securing projects, primarily relying on tenders as a key sourcing method. Tenders are floated through Architects/PMC, prompting interested bidders to submit their proposals. Rigorous scrutiny follows, leading to the selection of the successful bidder.
The company’s brand image and extensive experience play pivotal roles in its success. Notably, Popular Foundations excels in obtaining contracts within the institutional and hospitality sectors, showcasing a robust track record of quality and reliability. The company’s ability to secure repeat orders from institutional clients underscores its significant strength in client retention and project acquisition.
Popular Foundations holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
Popular Foundations Review From MoneyMintIdea –
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