SRM Contractors Limited IPO
SRM Contractors Limited was a mainboard IPO in the Civil Construction sector, offered at ₹200–₹210 per share to raise ₹130 crore. The issue was subscribed 86.57× overall (QIBs 59.59×, NIIs 214.94×, retail 46.97×). It listed on 3 Apr 2024 at ₹215 and closed its first day at ₹226, a listing gain of +7.6% versus the ₹210 issue price. It now trades around ₹406 (+93.5% versus the issue price).
Frequently asked questions
- How many times was the SRM Contractors Limited IPO subscribed?
- The SRM Contractors Limited IPO was subscribed 86.57× overall — 59.59× in the QIB category, 214.94× among non-institutional investors, 46.97× in retail.
- What were the SRM Contractors Limited IPO listing gains?
- SRM Contractors Limited listed on 3 Apr 2024 at ₹215, closing its first day at ₹226 — a listing gain of +7.6% versus the ₹210 issue price.
- What were the retail allotment odds for the SRM Contractors Limited IPO?
- Retail was subscribed 46.97×, so a single-lot application had roughly a 2.1% chance of allotment (about 1 in 47), and allotment was finalised on 1 Apr 2024.
- What was the price band and lot size of the SRM Contractors Limited IPO?
- The price band was ₹200–₹210 per share, with a minimum lot of 70 shares (₹14,700 at the upper band).
- Who were the registrar and lead manager for the SRM Contractors Limited IPO?
- Bigshare Services Private Limited was the registrar, and Interactive was the book-running lead manager.