New Delhi: Two SME IPOs – Popular Foundations Limited IPO and Envirotech Systems Limited IPO will open for subscription on September 13, 2024 and close on 18th September. Popular Foundations IPO price is fixed at Rs 37 per share, while Envirotech Systems IPO price is fixed
at Rs 53 to Rs 56 per share. The shares of Popular Foundations will list on BSE SME and Envirotech Systems will list on NSE SME.
Popular Foundations IPO GMP, allotment
To bid for Popular Foundations IPO, one has to apply for a minimum lot size of 3000 shares for retail investors need to invest Rs 111,000. For HNI category, the minimum lot size investment is 2 lots, for which Rs 222,000 is required. Popular Foundations IPO GMP is Nil, investorgain reported which means that the shares of the company are expected to be listed with Zero gains.
Popular Foundations IPO allotment is expected to take place on September 19, 2024, while the refunds process for unsuccessful investors would begin on September 20. The shares are likely to be credited to the demat accounts of eligible investors on 20th September. The shares of the company, which provides engineering and construction services will list on BSE SME with a tentative date September 23.
Book running lead manager of Popular Foundations IPO is Srujan Alpha Capital Advisors Llp. Bigshare Services Pvt Ltd is the registrar for the issue.
Envirotech Systems IPO GMP, allotment
Investors who want to apply for Envirotech Systems IPO, have to bid for a minimum lot size of 2000 shares. The HNI category is required to apply for a minimum lot size investment of 2 lots, amounting to Rs 224,000.
Envirotech Systems IPO allotment is expected to take place on September 19, 2024, while the refunds process is likely to begin on 20th September 20. The shares will be credited to the dreamt accounts of successful bidders on September 20. The shares will list on NSE SME with a tentative date on September 23.
Envirotech Systems IPO GMP is 0, as per investorgain.com. With the price band of 56 and grey market premium indicating Nil, the shares are likely to be listed with zero per cent gains. GMP figures are not official.
Envirotech Systems IPO book running lead manager: Share India Capital Services Private Limited, while Bigshare Services Pvt Ltd is the registrar for the issue.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Popular Foundations Limited IPO and Envirotech Systems Limited IPO are opening on September 13. The GMP of both the SME IPOs stands at 0. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
