SRM Contractors IPO: GMP rises on opening day. Should you apply or not? Complete details here - Hindustan Times
close_game
close_game

SRM Contractors IPO: GMP rises on opening day. Should you apply or not? Complete details here

Mar 26, 2024 01:08 PM IST

SRM Contractors IPO opens on March 26 and will close on March 28. Shares will be listed on BSE and NSE likely on April 3.

SRM Contractors IPO: The initial public offering (IPO) of SRM Contractors Limited opened today (March 26). The bidding for the public issue will be open for three days and end on March 28. The price band of the IPO has been fixed at 200 to 210 per equity share and the shares of SRM Contractors Limited are available in the grey market today at a premium of 68 as per investorgain.com.

SRM Contractors IPO: The issue opens on March 26 and will close on March 28. Shares will be listed on BSE and NSE likely on April 3. Check details below
SRM Contractors IPO: The issue opens on March 26 and will close on March 28. Shares will be listed on BSE and NSE likely on April 3. Check details below

Read more: Buying a car? Forget waiting periods, dealers are now dangling discounts as market turns

Here's all you need to know about SRM Contractors IPO:

SRM Contractors IPO GMP today: Shares of the construction company are available at a premium of 68 in the grey market today which means that with the price band of 210, the IPO's estimated listing price is 278.

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

SRM Contractors IPO key dates: The issue opens on March 26 and will close on March 28.

Read more: Xiaomi's SU7 electric car is coming soon at this price: ‘Faster than a Tesla’

SRM Contractors IPO details: The price band of the book build issue has been fixed in the range of 200 to 210 apiece. Through the IPO, the company aims to raise 130.20 crore with the issuance of fresh 62 lakh company shares and investors can buy one lot of the book build issue which will comprise 70 shares of the company.

SRM Contractors IPO allotment: The allotment of shares of the company is likely to be finalised on March 30 or April 1.

Read more: Coke, Pepsi profiting from system of labour that exploits women in Maharashtra sugarcane fields: Report

SRM Contractors IPO registrar: Bigshare Services Private Limited is the registrar of the public offer.

SRM Contractors IPO listing: The issue will be listed on BSE and NSE likely on April 3.

SRM Contractors IPO company details: In FY23, the company's revenue grew by around 13.25 per cent YoY. During this time, the PAT (Profit After Tax) of the company grew 6.70 per cent .

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

Discover the complete story of India's general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Get latest news on Education along with Board Exam, Competitive Exam and Exam Result at Hindustan Times. Also get latest Job updates on Employment News
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    When not reading, this ex-literature student can be found searching for an answer to the question, "What is the purpose of journalism in society?"

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, May 24, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On