- By Aditya Pratap Singh
- Tue, 26 Mar 2024 11:21 AM (IST)
- Source:JND
SRM Contractors IPO GMP: The initial public offering (IPO) of SRM Contractors Ltd opened on Tuesday i.e. March 26. Investors can bid for it till March 28. The price range has been fixed at Rs 200 to Rs 210.
SRM Contractors IPO Details
They will close on March 28. The price band for the initial public offering is set at Rs 200 to Rs 210 each. The company is aiming to raise Rs 130.20 crore by issuing 62 lakh new shares. Investors can buy a lot of 70 shares of the company.
Also Read: Nationalised Banks in India: Check complete list of Public Sector Banks
SRM Contractors IPO Allotment- On March 30 or April 01, the allotment of the shares will be finalised.
SRM Contractors IPO Today GMP
Shares of the construction company are available today at a premium of ₹68 in the gray market, i.e. at a price of ₹210, compared to the IPO's estimated list price of ₹278.
Also Read: Jindal Stainless, IIT-Kharagpur Partner To Work On Metallurgical Projects