Are you eagerly waiting to find out if you’ve been allotted shares in the SRM Contractors IPO? Look no further! In this guide, we’ll walk you through the steps to check your allotment status and ensure you stay informed.
About SRM Contractors IPO
SRM Contractors Limited specializes in civil construction projects, focusing on engineering, development, and infrastructure. Our proficiency lies in road construction, bridge erection, tunnel development, and slope stabilization initiatives. As an EPC contractor, we provide item rate-based services for infrastructure projects and also engage in subcontracting tasks. Our primary operational regions encompass the Union Territories of Jammu & Kashmir and Ladakh. We concentrate on three core business sectors: road projects, tunnel projects, and slope stabilization endeavors. Moreover, we manage various other civil construction activities, including drainage projects and the construction of government housing and residential units.
How to Check Allotment Status
- Visit the Registrar’s Website:
- Go to the Big share website[https://www.bigshareonline.com/ipo_Allotment.html], which is the registrar for SRM Contractors IPO.
- Look for the Company Selection section.
- Select SRM Contractors Limited:
- Choose “SRM Contractors Limited” from the drop-down menu of issuer companies.
- Enter Details:
- You can check your allotment status using any of the following details:
- PAN Number: Enter your PAN number.
- Application Number: Use the application number provided during IPO application.
- DP Client ID/Demat Account Number: If you have a Demat account, enter the DP client ID.
- You can check your allotment status using any of the following details:
- Click on ‘Search’:
- Tap the ‘Search’ button.
- The screen will display the shares applied by you and the shares allotted to you.
SRM Contractors IPO Important Information
- Allotment Date: The allotment for SRM Contractors IPO is expected to be finalized on Monday, April 1, 2024.
- Listing Date: The IPO will list on both BSE and NSE on Wednesday, 3 April 2024.
- Price Band: The price band for Exicom TeleSystems IPO is set at ₹200 to ₹210 per share.
- Minimum Lot Size: The minimum lot size for an application is 70 shares.
Grey Market Premium (GMP)
SRM Contractors Ltd ipo are trading at a ₹100 premium in the grey market compared to the issue price. This means an expected listing gain of 47.61% from the public issue
SRM Contractors IPO Subscription Status
The Initial Public Offering (IPO) of SRM Contractors has attracted considerable attention from investors. Here’s an overview of the subscription status:
- Retail Investors: The retail portion has been oversubscribed by 1.11 times on the first day itself.
- Non-Institutional Investors (NII): NII investors have displayed robust interest, subscribing nearly 32 times.
- Institutional Buyers: Institutional participation stands at 9.7 times.