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SRM Contractors IPO Soars with 45.69x Day 3 Subscription, Investors Rally!

SRM Contractors Limited IPO reached a 45.69 times subscription on Day 3, with QIBs at 30.56, NIIs at 109.32, and RIIs at 27.06, reflecting robust investor confidence and diverse market appeal.
SRM Contractors IPO Soars with 45.69x Day 3 Subscription, Investors Rally!

SRM Contractors Limited IPO subscribed 45.69 times on Day 3, showing rising investor confidence. QIBs subscribed 30.56 times, Non-Institutional Investors at a high 109.32 times, and Retail Individual Investors at 27.06 times, highlighting its widespread appeal and strong market potential.

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SRM Contractors Limited IPO Subscription Status

SRM Contractors Limited IPO attracted notable interest on Day 2, reaching a 17.40 times overall subscription. With QIBs at 2.41, NIIs at a robust 45.49, and RIIs at 13.93 times, it reflects growing market confidence and a diverse investor base appeal.

How To Check SRM Contractors Ltd IPO Subscription Status? 

Steps to check the IPO allotment status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the SRM Contractors Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

SRM Contractors Limited IPO Allotment Status

The allotment date for the SRM Contractors Limited IPO is set for April 3, 2024, with shares priced at a range of ₹200 to ₹210 per share and a face value of ₹10. The offering consists of lots of 70 shares, with bids accepted for these lots or their multiples.

SRM Contractors Limited IPO Listing Date 

SRM Contractors IPO is expected to list on the NSE SME on April 3, 2024.

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