SRM Contractors IPO allotment – How to check allotment, GMP, listing date and more

• SRM Contractors is expected to announce its share allotment status on Monday, April 1.
• The shares of SRM Contractors were subscribed 86.33 times.
• The shares are expected to be listed on the stock exchanges on March 5.

Jammu and Kashmir-based SRM Contractors, which is engaged in the construction of roads, tunnels and more in the Union Territories of Jammu and Kashmir and Ladakh is expected to announce the allotment status of its initial public offering (IPO) on Monday, April 1.

The SRM Contractors IPO opened on March 26 and closed on March 28. The price band for the IPO was ₹162 to ₹171 per share.

Robust subscription

On the last day, the SRM Contractors IPO was subscribed 86.33 times, receiving bids for 37.47 crore equity shares against 43.40 lakh shares on offer.

While the qualified institutional buyer portion was subscribed 59.59 times, the non-institutional investors portion was subscribed 214.83 times. The retail portion also witnessed excellent participation and was subscribed 46.53 times.

Grey market premium

The shares of SRM Contractors are currently commanding a grey market premium (GMP) of ₹110 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

You can check the allotment status on the registrar’s website.

• To check the SRM Contractors IPO allotment status, visit the registrar’s website here.
• Click on ‘Select Company’ and then select ‘SRM Contractors’.
• Now, select PAN, application number, or beneficiary ID and provide the details.
• Now, enter the captcha.
• Click on “Search”.

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the SRM Contractors IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
• On the website, click on 'Equity' and then select ‘SRM Contractors’ from the dropdown menu.
• Now, enter your application number and PAN.
• Click on 'Search'.

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

SRM Contractors IPO listing date

The shares of SRM Contractors will be listed on the stock exchanges on April 3.

Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

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