SRM Contractors Limited IPO
SRM Contractors Limited, established in 2008, specializes in road construction, tunnels, and slope stabilization in Jammu and Kashmir and Ladakh. Their IPO opens on March 26, 2024, closing on March 28, 2024. Allotment finalization is on April 1, 2024, refunds and share credit on April 2, 2024. Listing date: April 3, 2024.
SRM Contractors Limited IPO Highlights
How much is the GMP of SRM Contractors Limited IPO?
GMP and Grey market premium of R K Swamy Limited has reached Rs55. GMP can be used to find out how much more premium a stock has reached than its IPO price band. From this, the profit on listing can be estimated. But keep in mind that the GMP of any IPO may reduce after reaching listing.
SRM Contractors Limited IPO’s last Grey Market Premium (GMP) is ₹65, as of March 23rd, 2024, at 05:59 PM. With a price range of ₹210.00, the estimated price SRM Contractors Limited IPO’s listing is ₹275 (the highest price plus today’s GMP). This means there’s an expected gain of 30.95% per share. We update the GMP every day, and based on the last 8 days of market activity, today’s GMP for the IPO is increasing, indicating a strong potential for its listing. The lowest GMP recorded is ₹25, while the highest is ₹65. Keep following us to stay updated on the daily price trend of SRM Contractors Limited IPO’s GMP and its expected listing price.
SRM Contractors Limited IPO Price Band and Issue Size
The SRM Contractors Ltd IPO will be sold at a price between ₹200 to ₹210 for each share. If you want to apply, you’ll need to buy at least 70 shares. Retail investors have to invest at least ₹14,700. For the sNII investment, you need to buy at least 14 lots, which is 980 shares, costing ₹205,800. And for bNII, you have to buy a minimum of 69 lots, which is 4,830 shares, costing ₹1,014,300.
SRM Contractors Limited IPO Listing Date
SRM Contractors Ltd IPO will be listed on both the BSE and NSE, with a likely listing date of Wednesday, April 3, 2024.
SRM Contractors Limited IPO Allotment Date
SRM Contractors Ltd IPO allocation is set to be decided on Monday, April 1, 2024.
SRM Contractors Limited IPO Detail
- Open Date March 26, 2024
- Close Date March 28, 2024
- Face Value ₹10 per share
- Price Band ₹200 to ₹210 per share
- Lot Size 70 Shares
- Total Issue Size 6,200,000 shares (aggregating up to ₹130.20 Cr)
- Listing At NSE SME
- Allotment Date Monday, March 18, 2024
- Listing Date Wednesday, March 20, 2024
What is the History of SRM Contractors Limited
Established in 2008, SRM Contractors Limited specializes in road, tunnel, slope stabilization, and other civil construction projects in Jammu and Kashmir and Ladakh. Operating as an EPC contractor, it handles infrastructure projects independently and through joint ventures. With 37 completed projects worth ₹77,088.00 lakhs by March 2024, the company employs 275 full-time specialists and workers.
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