SRM Contractors IPO opens today: GMP, review, subscription status, other details. Apply or not?
SRM Contractors IPO: The initial public offering (IPO) of SRM Contractors Limited has hit the Indian primary market today. The public issue will remain open till 28th March 2024. The construction company has fixed SRM Contractors IPO price band at ₹200 to ₹210 per equity share.
The book build issue is proposed for listing on BSE and NSE. The mainboard IPO aims to raise ₹130.20 crore through the issuance of fresh shares. SRM Contractors IPO has already raised ₹39.06 crore from anchor investors.
Meanwhile, shares of SRM Contractors Limited have gained strength in the grey market. According to stock market observers, SRM Contractors share price is available at a premium of ₹67 in the grey market today. By 10:33 AM on day one of bidding, the public issue has been subscribed 0.34 times whereas its retail portion has been booked 0.50 times.
The NII portion of the initial offer has been booked 0.43 times. 1] SRM Contractors IPO GMP today: Shares of the company are available at a premium of ₹67 in the grey market today. On the weekend, it was quoting ₹52 per share gain for a potential share allottee.
2] SRM Contractors IPO price band: The construction company has fixed the price of the book build issue at ₹200 to ₹210 apiece. 3] SRM Contractors IPO subscription: The issue will remain open from 26th to 28th March 2024. 4] SRM Contractors IPO size: The construction company aims to raise ₹130.20 crore from its initial public offer.
5] SRM Contractors IPO lot size: One lot of the mainboard IPO comprises 70 shares of the company. 6] SRM Contractors IPO allotment date: The tentative date of share allocation is 1st April 2024 i.e. on Monday next week.
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