Popular Foundations IPO allotment: Here’s how to check status online

Popular Foundations IPO share allotment status is expected to be finalised on Friday, September 20, after the public issue closed with a decent demand.

The investors who applied for shares of Popular Foundations Limited are waiting for the company to finalise the IPO allotment status. The BSE SME issue was open for bidding from September 13 to September 19.

Popular Foundations IPO received bids for more than 4.72 crore shares against 51 lakh shares on offer, leading to an overall subscription of 9.26 times. Popular Foundations IPO was booked 14.88 times in the Non-Institutional Investors (NIIs) category, and the retail quota was booked 3.64 times.

The investors can check the Popular Foundations IPO share allotment status on the websites of the BSE and issue registrar Bigshare Services Pvt Ltd.

Steps to check Popular Foundations IPO share allotment status on BSE

• Visit the IPO allotment status section on the BSE website: https://www.bseindia.com/investors/appli_check.aspx
• Choose ‘equity’ as the issue type.
• Select ‘Popular Foundations’ from the dropdown menu for issue names.
• Type in your IPO application number or PAN details
• Click the ‘I am not a Robot’ checkbox
• Click the ‘submit’ button
• Your share allotment details will be shown on the screen.

Here’s how to check Popular Foundations IPO share allotment on Bigshare Services website

• Open the official website of Bigshare Services https://ipo.bigshareonline.com/IPO_Status.html
• From the ‘Company Selection’ dropdown menu, choose Popular Foundations Limited.
• Go to the ‘Selection Type’ dropdown menu, select either of these options— Application Number, Beneficiary ID, or PAN.
• Enter the details
• Type in the captcha and verify
• Click the ‘Search’ button to view your allotment status.

The name of the company will only appear once share allocation is finalised by Popular Foundations.

After finalising the share allotment status of Popular Foundations IPO, the company will initiate refunds for non-allottees on Monday, September 23. Shares will be credited to the Demat accounts of successful bidders the same day. Popular Foundations shares are set to debut on the BSE SME platform on Tuesday, September 24.

Popular Foundations IPO details

Popular Foundations Limited aimed to raise ₹19.87 crore via its IPO, which consisted of a fresh issuance of 53.7 lakh shares on the BSE SME public offer.

Popular Foundations IPO price band was fixed at ₹37 per share. The minimum lot size for retail investors was fixed at 3,000 shares, amounting to an investment of ₹1,11,000.

Popular Foundations IPO objective

Popular Foundations plans to use the money raised via the public issue to prepay or repay outstanding borrowings. The proceeds will also be used to fund the company's working capital requirements and for general corporate purposes.

About Popular Foundations India Limited

Popular Foundations Limited, founded in 1998, specialises in engineering and construction services. The company primarily focuses on civil construction work. It has delivered projects like commercial buildings, hotels, factories, art centres, residential buildings and educational institutions.