SRM Contractors’ IPO is a book-built issuance worth Rs 130.20 crores. The offering is wholly new, consisting of 0.62 crore shares.
SRM Contractors’ initial public offering (IPO) will begin on March 26, 2024 and end on March 28, 2024. The allocation for the SRM Contractors IPO is anticipated to be completed on Monday, April 1, 2024. SRM Contractors IPO will list on the BSE and NSE, with a tentative listing date of Wednesday, April 3, 2024.
SRM Contractors IPO pricing range is ₹200 to ₹210 per share. The minimum lot size for an application is 70 shares. The minimum investment for retail investors is ₹14,700. The minimum lot size investment for sNII is 14 lots (980 shares) for ₹205,800, while for bNII, it is 69 lots (4,830 shares) worth ₹1,014,300.
SRM Contractors IPO Details
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price Band | Rs 200 to ₹210 per share |
| Lot Size | 70 Shares |
| Total Issue Size | 6,200,000 shares (aggregating up to ₹130.20 Cr) |
| Fresh Issue | 6,200,000 shares (aggregating up to ₹130.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 16,744,200 |
| Share holding post issue | 22,944,200 |
SRM Contractors IPO Timeline
| IPO Open Date | Tuesday, March 26, 2024 |
| IPO Close Date | Thursday, March 28, 2024 |
| Basis of Allotment | Monday, April 1, 2024 |
| Initiation of Refunds | Tuesday, April 2, 2024 |
| Credit of Shares to Demat | Tuesday, April 2, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
SRM Contractors IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | Rs 14,700 |
| Retail (Max) | 13 | 910 | Rs 191,100 |
| S-HNI (Min) | 14 | 980 | Rs 205,800 |
| S-HNI (Max) | 68 | 4,760 | Rs 999,600 |
| B-HNI (Min) | 69 | 4,830 | Rs 1,014,300 |
