SRM Contractors IPO allotment to be finalised soon. Here's how you can check status
SRM Contractors is likely to finalise the share allotment on Sunday. The issue was booked 86 times at close on strong interest from non-institutional investors. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar's website.
Firstly, here's how you can know the status on BSE
Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)
Step 2: Please select the issue name, that is the company's name in the drop-down.
Step 3: Enter the application number or PAN number to check the allotment status.
To check the status of SRM Contractors allotment through the registrar, which is Bigshare Services in this case, kindly follow the below steps.
Step 1: Visit the Bigshare Services website (https://www.bigshareonline.com/ipo_Allotment.html)
Step 2: Select SRM Contractors IPO
Step 3: Enter the PAN details and click search to know the status
SRM Contractors GMP
In the unlisted market, the company's shares are trading with a premium of Rs 110. This compares with an IPO price of 210, indicating a gain of over 50% on listing day, which is fixed as April 3.
SRM Contractors is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works, and other miscellaneous civil construction activities in the union territories of Jammu and Kashmir, and Ladakh.
The company undertakes construction works both as an EPC contractor and on an item-rate basis for
