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

SRM Contractors IPO: The initial public offering (IPO) of SRM Contractors Limited opened today (March 26). The tender for the public issue will run for three days and close on March 28. The price range for the IPO has been set at ₹200 tonnes ₹210 per share and SRM Contractors Limited shares are available in the gray market today at a premium of ₹68 according to investorgain.com.

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

SRM Contractors IPO: Issuance begins on March 26th and closes on March 28th. The shares are expected to be listed on the BSE and NSE on April 3. See details below. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed} } {{/userSubscribed}}

SRM Contractors IPO GMP today: Shares in the construction company are available at a premium of ₹68 on the gray market today which means with the price range of ₹210, the estimated stock market price is ₹278.

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Important dates for the IPO of SRM Contractors: The issue begins on March 26th and ends on March 28th.

SRM Contractors IPO details: The price range of the book-build edition has been set in the range of ₹200 tonnes ₹210 per piece. The company wants to make money through the IPO ₹130.20 crore with the issuance of fresh company shares worth ₹62 lakh and investors can buy a lot of the book-build issue which will comprise 70 shares of the company.

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SRM Contractors IPO Allotment: The allotment of the company's shares is expected to be completed on March 30 or April 1.

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

SRM Contractors IPO: The issue is expected to list on the BSE and NSE on April 3.

SRM Contractors IPO details: In fiscal year 23, the company's sales grew by around 13.25 percent compared to the previous year. During this time, the company's PAT (Profit After Tax) grew by 6.70 percent.

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News / Business / SRM Contractors IPO: GMP rises on opening day. Should you apply or not? Full details here