Popular Foundations IPO Allotment Status

Summary

Popular Foundations IPO has received a moderate response from investors, closing with a subscription of 9.21 times by 19th September 2024 at 5:49:10 PM (Day 5). The public issue witnessed varied demand across investor categories, with the Retail Investors category leading the charge. The Retail segment was subscribed 14.89 times, reflecting significant interest from individual investors.

The Non-Institutional Investors (NII) category demonstrated moderate engagement, subscribing 3.54 times. The Market Maker portion was fully subscribed at 1 time. This response across categories suggests a mixed market sentiment towards Popular Foundations' offering, with stronger interest from retail investors.

Check Popular Foundations IPO Allotment Status:

How to Check Popular Foundations IPO Allotment Status on the Bigshare Services Site?

Step 1 - Visit the web portal of Bigshare Services Pvt Ltd.  (https://www.bigshareonline.com/ipo_Allotment.html)

Step 2 - From the dropdown menu, select Popular Foundations IPO.

Step 3 - Choose one of the following three modes: PAN ID, Demat Account number, or Application number

Step 4 - Select "Application Type," then "ASBA" or "non-ASBA."

Step 5 - Enter the information relevant to the mode you have chosen.

Step 6 - For security purposes, fill out the captcha accurately.

Step 7 - Click "Submit."

How do you check Popular Foundations IPO Allotment Status on BSE?

On the websites of the Bombay Stock Exchange (BSE), investors who placed a bid for the Popular Foundations IPO can monitor the allotment status:
For BSE:

Step 1 - Visit this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2 - Select "Equity" in the "Issue Type" dropdown.

Step 3 - Choose "Popular Foundations Limited" from the dropdown menu under "Issue Name."

Step 4 - Enter your application number and PAN ID.

Step 5 - Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How do you check the IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Popular Foundations IPO Timeline:

Popular Foundations IPO Subscription Status

Popular Foundations IPO received 9.21 subscriptions. By 19th September 2024 at 5:49:10 PM (Day 5), the public issue had been subscribed 14.89 times in the retail category and 3.54 times in the NII category.

Subscription Day 5 (as of 5:49:10 PM)
Total Subscription: 9.21 times
NII: 3.54 times
Retail investors: 14.89 times

Subscription Day 4
Total Subscription: 7.25 times
NII: 2.69 times
Retail investors: 11.80 times

Subscription Day 3
Total Subscription: 5.06 times
NII: 2.09 times
Retail investors: 8.03 times

Subscription Day 2
Total Subscription: 3.27 times
NII: 1.48 times
Retail investors: 5.06 times

Subscription Day 1
Total Subscription: 1.19 times
NII: 0.90 times
Retail investors: 1.48 times
 

Popular Foundations IPO Details

Popular Foundations' initial public offering (IPO) is a fixed price issue amounting to ₹19.87 crores. This offering consists entirely of a fresh issue of 53.7 lakh shares.

The bidding process for the Popular Foundations IPO commenced on 13th September 2024 and concluded on 19th September 2024. The allotment results for this IPO are anticipated to be finalised on 20th September 2024. Furthermore, the shares of Popular Foundations are set to be listed on the BSE SME, with a provisional listing date scheduled for 24th September 2024.

The Popular Foundations IPO price has been established at ₹37 per share. Investors must apply for a minimum lot size of 3,000 shares, which requires a minimum investment of ₹111,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (6,000 shares), totalling ₹222,000.

Srujan Alpha Capital Advisors Llp serves as the book running lead manager for the Popular Foundations IPO. Bigshare Services Pvt Ltd is designated as the registrar for this offering.
 

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