IPO of SRM Contractors: SRM Contractors attracted a lot of interest from retail and non-institutional investors (NIIs) on both days of the IPO. This issue’s subscription term will expire today, Thursday, March 28, having started on Tuesday, March 26.
According to BSE data, on the second day of the SRM Contractors IPO, the retail portion was subscribed 13.95 times, the NII portion was booked 45.51 times, and qualified institutional buyers (QIBs) were fetched 2.41 times. The IPO subscription status was 17.42 times. 3.56 bookings for the entire issue were made on day 1.
The pricing range for SRM Contractors’ initial public offering (IPO) is ₹200–₹210 per share, with a face value of ₹10. Bids can be placed for multiples of 70 shares, with a minimum bid of 70 shares. At least 35% of the shares are allocated for retail investors, up to 50% of the shares are designated for QIB, and at least 15% of the shares are set aside for NII.
Trending
- Fintech company, InsightSoftware has acquired Fiplana
- Vegapay raises $5.5M in seed round
- Denim, a freight factoring partner raises $63M
- HTX Ventures Provids Funding to Kelp DAO
- HoneyNaps Secures $11.6 Million in Series B Capital
- CBiGroup Ends $15 Million Series A Investment
- Plume Network Upraise $10 Million in Seed Financing
- ThinkLabs AI Increases $5 Million in Seed Capital
Today is the final day of bidding for SRM Contractors IPO: Is it wise for you to subscribe? Verify subscriber status, GMP, and other information.
Anchor investors contributed ₹39 crore to the SRM Contractors IPO. April 1st is the allocation date; shares are credited on April 2nd. Share price probably listed on April 3 on BSE and NSE. Retail and NII investors showed a lot of interest in the IPO. The number of subscriptions was 17.42. Price range for a share is ₹200–210.
