What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Popular Foundations Limited IPO?

Popular Foundations Limited IPO has received a total subscription of 9.27 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Popular Foundations Limited

ListedSME

Emerging SME Services · BSE

Popular Foundations Limited, established in 1998, provides engineering and construction services with end-to-end solutions across various sectors, including factories, educational institutions, and commercial and residential projects. The company primarily focuses on non-residential and non-government projects, mainly in Chennai, while also completing successful projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram, and Coimbatore. As of September 7, 2024, Popular Foundations employed 86 professionals, including senior executives, working both on-site and at its headquarters.

Price Band

₹37

Issue Size

₹19.87 Cr

Lot Size

3000 shares

GMP

—

Est. Listing

₹37

at current GMP

Subscribed

9.27x

overall

Open

13 Sep 2024

19 Sep 2024

Allotment

20 Sep 2024

Refund

21 Sep 2024

Demat Credit

22 Sep 2024

Listing

24 Sep 2024

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

9.27x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

3.65x

High Net-Worth

Retail (RII)

14.89x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 9.27x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	2,550,000	9,303,000	3.65x
RETAIL	2,550,000	37,962,000	14.89x
Total	5,100,000	47,265,000	9.27x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 14.49x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	627	9,336	14.89x
HNIs (10L +)	4	15	3.65x
HNIs (2-10L)	19	69	3.65x
Total Applications	650	9,420	14.49x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Popular Foundations Limited Public Issue & Market Profile

Popular Foundations Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹19.87 Crores. The shares are offered at a price band of ₹37 to ₹37 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2024-09-19, the basis of allotment is scheduled to be finalized on 2024-09-20. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Pvt Ltd) or the BSE allotment checking window.

Frequently Asked Questions

What is Popular Foundations Limited IPO GMP today?

Currently, Popular Foundations Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹37 to ₹37 per equity share.

What is the expected profit per lot for Popular Foundations Limited IPO?

The retail lot size is 3000 shares requiring a minimum application amount of ₹1,11,000. Expected listing price is ₹37 per equity share.

What is the issue size and price band for Popular Foundations Limited IPO?

The Popular Foundations Limited IPO aggregate issue size is ₹19.87 Crores with an equity price band set at ₹37 to ₹37 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,11,000.

How can I check Popular Foundations Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 9.27x (Retail: 14.89x, QIB: 0.00x, NII: 3.65x). You can track live multiples directly on our dedicated subscription page.

Where and when will Popular Foundations Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Pvt Ltd) and the BSE status verification website on or around 2024-09-20. Investors can verify status using PAN card or application number.

When is the listing date for Popular Foundations Limited IPO?

Popular Foundations Limited shares are scheduled to list on BSE on 2024-09-24.