SRM Contractors IPO: Price band set at ₹200-210 apiece, check issue details, key dates, more
₹200 to ₹210 per equity share of the face value of ₹10. The issue will open for subscription on Tuesday, March 26, and will close on Thursday, March 28.
The allocation to anchor investors for the SRM Contractors IPO is scheduled to take place on Friday, March 22. The floor price is 20 times the face value of the equity shares and the cap price is 21 times the face value of the equity shares.
The price/earnings ratio based on diluted EPS for financial year 2023 for the issuer at the upper end of the price band is as high as 2.31 as compared to the average industry peer group PE ratio of 32.15. Weighted average return on net worth for fiscal 2023, 2022, and 2021 is 28.21%.
SRM Contractors IPO lot size is 70 equity shares and in multiples of 70 equity shares thereafter. Also Read: SEBI proposes audio-visual disclosures for public issue documents "Exciting news! Mint is now on WhatsApp Channels
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