SRM Contractors IPO Allotment Status, Subscription and IPO Details

SRM Contractors IPO allotment is due April 1, open from March 26-28, sets its share price at ₹200-₹210, with a face value of ₹10 with bidding in 70-share lots.
SRM Contractors IPO Allotment Status, Subscription and IPO Details

SRM Contractors IPO Allotment Status 

SRM Contractors IPO allotment is scheduled for April 1, available from March 26 to 28, prices shares between ₹200 to ₹210, each with a ₹10 face value. Investors can bid in lots of 70 shares.

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SRM Contractors IPO Allotment Status Check 

To ascertain their allocation status for the SRM Contractors IPO, investors can easily navigate through steps provided on either the BSE platform or the IPO registrar Bigshare services’s website.

IPO Allotment Status NSE 

Here are steps to check SRM Contractors IPO allotment status on BSE website

Step 1: Visit BSE website 

Step 2: Select ‘Equity’ under the Issue Type

Step 3: Choose SRM Contractors Limited from the drop-down menu

Step 4: Enter Application No or PAN

Step 5: Click on ‘I am not a Robot’ and then hit on ‘Submit”

Steps to check Naman In-Store IPO allotment status on Bigshare services’s website

Step 1: Visit IPO registrar website – Bigshare services

Step 2: Select ‘SRM Contractors’ from the Select Company dropdown menu

Step 3: Choose from PAN, Application No, DP/Client ID or Account No/IFSC

Step 4: Enter the details as per the option selected

Step 5: Hit the Submit button

Your SRM Contractors IPO allotment status will be reflected on the screen.

SRM Contractors IPO GMP Today

The SRM Contractors IPO GMP (Grey Market Premium) is ₹125 as of 28th March.

SRM Contractors IPO Subscription Status

On its second day, SRM Contractors Limited’s IPO garnered substantial interest, achieving a 17.40x overall subscription. Breakdown shows Qualified Institutional Buyers at 2.41x, Non-Institutional Investors at a significant 45.49x, and Retail Individual Investors at 13.93x, indicating a strong and varied investment response.

SRM Contractors IPO Details

SRM’s IPO involves issuing 62,00,000 new equity shares, totaling ₹130.20 crore, without an offer-for-sale option. Funds will be allocated for working capital, repaying secured loans, engaging in joint ventures, general corporate needs, and purchasing machinery and equipment.

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