What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the SRM Contractors Limited IPO allotment date?

The basis of allotment for SRM Contractors Limited IPO is scheduled to be finalized on 1 Apr 2024.

Where can I check SRM Contractors Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 2 Apr 2024.

SRM Contractors Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

SRM Contractors Limited, founded in 2008, is a prominent infrastructure development company specializing in EPC and unit-price construction projects across Jammu & Kashmir and Ladakh. The company’s expertise spans road construction, tunnel projects, slope stabilization, and diverse civil works, demonstrating its ability to execute complex infrastructure solutions. With a strong portfolio that includes road realignment, bridge construction, and tunnel development, SRM Contractors has successfully completed 37 projects as of March 2024. Supported by a skilled workforce of 275 full-time employees, the company remains dedicated to innovation, quality, and sustainable growth in the region's infrastructure sector.

Price Band

₹200 – ₹210

Issue Size

₹130 Cr

Lot Size

70 shares

GMP

₹70

+33.3%

Est. Listing

₹280

at current GMP

Subscribed

86.57x

overall

Open

26 Mar 2024

28 Mar 2024

Allotment

1 Apr 2024

Refund

2 Apr 2024

Demat Credit

3 Apr 2024

Listing

3 Apr 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

SRM Contractors Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

1 Apr 2024

Basis finalization

Refunds Initiate

2 Apr 2024

Mandate release

Demat Credit

3 Apr 2024

Shares in demat

Listing Debut

3 Apr 2024

Trading begins

How to Check SRM Contractors Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select SRM Contractors Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About SRM Contractors Limited Public Issue & Market Profile

SRM Contractors Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹130.2 Crores. The shares are offered at a price band of ₹200 to ₹210 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-03-28, the basis of allotment is scheduled to be finalized on 2024-04-01. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.