The SRM Contractors IPO has been making waves in the financial world. As investors eagerly await the listing, let’s delve into the details, including the Grey Market Premium (GMP) and other key information.
SRM Contractors IPO
SRM Contractors is an engineering construction and development company primarily engaged in building roads, bridges, tunnels, and other civil construction projects in the Union Territories of Jammu & Kashmir and Ladakh.
They have a successful track record of executing projects in challenging terrains, making them a promising player in the infrastructure sector.
Grey Market Premium (GMP) Today
As of today, the Grey Market Premium (GMP) for SRM Contractors IPO stands at ₹90, The GMP reflects the premium at which the IPO shares are trading in the unofficial market before their official listing.
Subscription Status
The SRM Contractors IPO witnessed strong demand during its subscription period.
On the second day of bidding, the IPO was subscribed 17.40 times, with bids received for over 7.55 crore shares against the offered 43.4 lakh shares
Expected Listing Price
With a price band of ₹200 to ₹210, the anticipated listing price (including today’s GMP) is around ₹300 per share. This translates to an expected gain of approximately 42.85% per share.
SRM Contractors IPO promises exciting opportunities for investors. Keep an eye on the listing date and get ready for the ride!
