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March 26, 2024 - March 28, 2024

SRM Contractors IPO FAQ

SRM Contractors IPO Date & Price

The SRM Contractors IPO opens on March 26, 2024 and closes on March 28, 2024.

SRM Contractors IPO timetable / schedule is as below:
  • Bid/Offer Opens On: March 26, 2024
  • Bid/Offer Closes On: March 28, 2024
  • Finalization of Basis of Allotment: April 1, 2024
  • Initiation of refunds: April 2, 2024
  • Credit of Equity Shares: April 2, 2024
  • Listing Date: April 3, 2024

SRM Contractors IPO price is set at ₹210 per equity share.

SRM Contractors IPO will close for subscription at 5 PM on March 28, 2024. But most brokers stop accepting application between 1 PM to 3 PM.

The SRM Contractors IPO starts on March 26, 2024. The issue ends on March 28, 2024.

SRM Contractors IPO Issue Size and Subscription Status

The SRM Contractors IPO size is 6200000 Equity Shares of ₹10 aggregating up to ₹130.20 Cr.

SRM Contractors Limited is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for SRM Contractors IPO shares through the banks (using ASBA) or through the broker (using UPI).

SRM Contractors IPO Offer Size

Qualified Institutional Buyers (QIB)1,240,100 Shares
Non-Institutional Investors (NII)930,000 Shares
Retail Individual Investor (RII)2,170,000 Shares
Employee Reservations0 Shares
Other Reservations0 Shares
Total Issue Size4,340,100 Shares

SRM Contractors IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)59.59 times times
Non-Institutional Investors (NII)214.94 times times
Retail Individual Investor (RII)46.97 times times
Employee Reservations times
Other Reservations times
Total Issue Size86.57 times times

Click here to check the SRM Contractors IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in SRM Contractors IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check SRM Contractors IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

SRM Contractors IPO Allotment and Listing

The SRM Contractors IPO allot status will be available online on April 1, 2024. Check the SRM Contractors IPO Allotment Status here.

Click here to check SRM Contractors IPO Allotment Status.

SRM Contractors IPO listing Date is April 3, 2024. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The SRM Contractors IPO listing date and time is published by the exchange in a circular.

Click here to view the SRM Contractors IPO Basis of Allotment.

It is hard to say at what price SRM Contractors IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The SRM Contractors IPO shares will list on April 3, 2024 at BSE, NSE.

SRM Contractors IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about SRM Contractors IPO which could help you with questions like SRM Contractors IPO buy or not? You should also read SRM Contractors IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

SRM Contractors IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the SRM Contractors IPO performance. The performance reports are available 1 day after listing.