SRM Contractors IPO Details. SRM contractors IPO subscriptions open on 26 march 2024 and IPO closes on 28 march 2024. SRM contractors face value is Rs.10. IPO price band is kept between Rs.84 to Rs.89 per share. Listing date of this IPO is 3 April 2024.
SRM Contractors Limited is a fresh issue of 6,200,000 shares aims to raise up to ₹130.20 Cr. SRM Contractors Limited lot size is 70 shares per lot. Retail investor can invest minimum ₹14700 to maximum ₹191000. Where HNI can starts from 48 to 68 lot maximum and Big HNI can bids minimum starts 69 lot (4830 shares) amounting to ₹10,14,300.
Bigshare Services Private Limited is the registrar of this IPO and Interactive Financial Services Limited is the book running lead manager of this SRM Contractors IPO.
SRM Contractors IPO Details
| Company Name | SRM Contractors |
| IPO Open Date | 26 March 2024 |
| IPO Close Date | 28 March 2024 |
| Face Value | Rs.10 per share |
| Lot Size | 70 Shares |
| Price Band | ₹210 to ₹210 per share |
| Issue Type | Book Built Issue IPO |
| Fresh Issue Size | 6,200,000 shares (aggregating up to ₹130.20 Cr) |
| Total Issue Size | 6,200,300 shares (aggregating up to ₹130.20Cr) |
| Share Holding Pre Issue | 16,744,200 |
| Share Holding Post Issue | 22,944,200 |
| Listing at | NSE BSE |
| Listing Date |
SRM Contractors IPO Timeline
SRM Contractors IPO issue opens on 26th march on closes on 28th March 2024. Here is the tentative timeline of SRM Contractors.
| Company Name | SRM Contractors | Mainboard IPO |
| IPO Open Date | Tuesday | 26 March 2024 |
| IPO Close Date | Thursday | 28 March 2024 |
| Cut Off Time UPI Payment | Tuesday | 5pm on 28 March 2024 |
| Basis of Allotment | Monday | 1 April 2024 |
| Refunds Initiation | Tuesday | 2 April 2024 |
| Shares Credit in Demat Acc. | Tuesday | 2 April 2024 |
| Listing Date | Wednesday | 3 April 2024 |
SRM Contractors IPO Reservations for Investors Category
For all IPO Investors Categories of SRM Contractors IPO reservations is announced such as for QIB(Qualified Institutional Bidders), HNI(High Net worth Individuals), Retail Investors and Anchor Investors Shares Offered
| Investor Category | Shares Offered |
|---|---|
| NII HNI Investors Shares Offered | Not less than 15% of the Net Issue |
| QIB Investors Shares Offered | Not more than 50% of the Net Issue |
| Retail Investors Shares Offered | Not less than 35% of the Net Issue |
SRM Contractors IPO Lot Size : SRM Contractors IPO investor can apply for minimum of 70 shares per lot and in multiples thereof. Here below is given the tables of minimum and maximum investment in shares allotment or in terms of amount investment of each and every investor.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 70 shares | ₹14700 |
| Retail Maximum | 13 lot | 910 shares | ₹191100 |
| Small HNI Minimum | 14 lot | 980 shares | ₹2,05,800 |
| Small HNI Maximum | 68 lot | 7460 shares | ₹9,99,600 |
| BIG HNI Minimum | 69 lot | 4830 shares | ₹10,14,300 |
An Intro to SRM Contractors
SRM Contractors is a constructions and development company which was incorporated in 2008 in the Jammu and Kashmir state with the memorandum of articles and articles of association in the constructions fields. Company Promotors are Ashley Mehta, Sanjay Mehta and Puneet Pal Singh.
Now company has been working with These main business verticals
- Road projects : planning and construction of realignment, widening, upgradation, restoration, and/or strengthening and improvement of roads, bridges, and highways and their maintenance in the Union Territories of Jammu and Kashmir and Ladakh.
- Tunner projects : design and construction of new tunnels, cut-and-cover tunnels for avalanche and landslide protection and caverns; also includes expansion, upgradation, restoration and/or strengthening and improvement, including creation of niches/alterations in niches and stabilization of existing tunnels in the Union Territories of Jammu and Kashmir and Ladakh.
- Slop stabilization works : planning and construction of reinforced embankment structures as part of slope stabilization work.
Other miscellaneous civil construction activities construction of government housing and residential units, drainage work as well as irrigation and flood protection work. As on 31 January 2024, SRM Contractors company employed 275 full time employees.
How to apply for SRM IPO Subscription ?
There are some simple steps to follow
- First go to your brokers website and login there
- 2nd after login see the IPO section and click there
- 3rd click the SRM Contractors IPO Service Bid button here
- 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form.
- 5th Now visit your UPI app page and approve the amount transaction.
- 6th Now Finally IPO Bidding process is completed. Now you have subscribed for this IPO application
SRM Contractors IPO FAQs – Frequently Asked Question ?
What is SRM Contractors IPO IPO? Its a mainline IPO fresh issue ipo of Rs.130.20 Crore
When SRM Contractors IPO Will Open? SRM Contractors IPO Bid Will Open on 26 march and closes on 28th March 2024.
What is the Lot Size of SRM Contractors IPO ? SRM Contractors IPO Lot size is 70 Shares per lot.
When is the allotment date of SRM Contractors IPO ? The allotment date is 1 april and on 2 April shares will be credited in Demat account.
What is the Listing SRM Contractors IPO ? 3 April 2024 is the listing date of SRM Contractors IPO
If You want to know more about IPO FAQ than click IPO FAQs