Ashok Rathi

SRM Contractors IPO Details Date Review GMP

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.

SRM Contractors IPO Details
SRM Contractors

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

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