Popular Foundations IPO Subscription Status

Popular Foundations' initial public offering (IPO) has garnered considerable investor interest, with subscription rates increasing steadily over the five-day period. Starting modestly on day one, the IPO witnessed a gradual surge in demand, resulting in an 8.03 times oversubscription by 12:03:12 PM on day five. This response indicates a solid market appetite for Popular Foundations' shares and sets the stage for a potentially positive listing.

The IPO, which opened on 13th September 2024, has seen growth in investor participation across categories. Popular Foundations attracted bids for 4,09,68,000 equity shares amounting to ₹151.58 crore.

The Retail Investors segment, in particular, has shown strong demand, followed by moderate interest from Non-Institutional Investors (NII). The Qualified Institutional Buyers (QIB) category data is not available.

Subscription Status of Popular Foundations IPO for Days 1, 2, 3, 4, and 5:

Note: Market Maker portion is not included in NII/HNI.
 

Here are the subscription details for Popular Foundations IPO as of Day 5 (19th September 2024, 12:03:12 PM):

Total Applications: 21,517

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of Popular Foundations is currently subscribed 8.03 times, with strong demand from Retail Investors.
• Retail investors have shown significant interest, with a subscription ratio of 13.19 times.
• Non-Institutional Investors (NII) have demonstrated moderate enthusiasm, with a subscription ratio of 2.87 times.
• The overall subscription trend increases day-on-day, indicating growing investor confidence and positive sentiment towards the issue.

Popular Foundations IPO - Day 4 Subscription at 7.25 Times

Key Highlights:

• On Day 4, Popular Foundations' IPO was subscribed 7.25 times, with strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 11.80 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 2.69 times.
• The overall subscription trend indicated building momentum, with the retail category showing significant increased participation.

Popular Foundations IPO - Day 3 Subscription at 5.06 Times

Key Highlights:

• On Day 3, Popular Foundations' IPO was subscribed 5.06 times, with continued strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 8.03 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 2.09 times.
• The overall subscription trend indicated growing momentum, with retail category showing significant increased participation.

Popular Foundations IPO - Day 2 Subscription at 3.27 Times

Key Highlights:

• On Day 2, Popular Foundations' IPO was subscribed 3.27 times, with strong demand from Retail Investors.
• Retail investors showed strong interest with a subscription ratio of 5.06 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 1.48 times.
• The overall subscription trend indicated growing momentum, with retail category showing significant increased participation.

Popular Foundations IPO - Day 1 Subscription at 1.19 Times

Key Highlights:

• The IPO of Popular Foundations was subscribed 1.19 times on Day 1, with initial demand primarily from Retail Investors.
• Retail investors showed early interest with a subscription ratio of 1.48 times.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 0.90 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Popular Foundations IPO:

Popular Foundations Limited, founded in 1998, specializes in engineering and construction services, offering comprehensive end-to-end solutions in the construction sector.

Key features of Popular Foundations:

• Focuses on non-residential and non-government construction projects in and around Chennai
• Has executed projects in various cities including Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore
• Experienced management team with a focus on on-time delivery and quality design
• Established brand and reputation in the market
• As of 7th September 2024, the company employed 86 employees
• Reported revenue of ₹51.91 crore and PAT of ₹3.48 crore for FY 2024

Highlights of the Popular Foundations IPO:

Read about Popular Foundations IPO

• IPO Date: 13th September 2024 to 19th September 2024
• Listing Date: 24th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price: ₹37 per share (Fixed Price Issue)
• Lot Size: 3000 Shares
• Total Issue Size: 5,370,000 shares (aggregating up to ₹19.87 Cr)
• Fresh Issue: 5,370,000 shares (aggregating up to ₹19.87 Cr)
• Issue Type: Fixed Price Issue IPO
• Listing At: BSE SME
• Book Running Lead Manager: Srujan Alpha Capital Advisors Llp
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Spread X Securities