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.

What is the current subscription status of SRM Contractors Limited IPO?

SRM Contractors Limited IPO has received a total subscription of 86.57 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

86.57x

Total Demand

QIB Multiplier

59.59x

Institutions & Funds

NII / HNI

214.93x

High Net-Worth

Retail (RII)

46.97x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 86.57x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,240,100	73,902,710	59.59x
NIB	930,000	199,888,570	214.93x
HNIs(10L +)	620,000	136,751,650	220.57x
HNIs (2-10L)	310,000	63,136,920	203.67x
RETAIL	2,170,000	101,915,520	46.97x
Total	5,270,100	575,595,370	86.57x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 52.96x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	31,000	1,456,070	46.97x
HNIs (10L +)	198	42,556	214.93x
HNIs (2-10L)	949	203,969	214.93x
Total Applications	32,147	1,702,595	52.96x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is SRM Contractors Limited IPO GMP today?

The latest Grey Market Premium (GMP) for SRM Contractors Limited IPO is ₹70 per equity share. Based on the upper price band of ₹200 to ₹210 per equity share, the estimated listing price is ₹280 (+33.3% expected listing gain).

What is the expected profit per lot for SRM Contractors Limited IPO?

With a lot size of 70 shares and current GMP of ₹70, the expected profit per application lot is approx ₹4,900 (+33.3% gain). Minimum application cost is approx ₹14,700.

What is the issue size and price band for SRM Contractors Limited IPO?

The SRM Contractors Limited IPO aggregate issue size is ₹130.2 Crores with an equity price band set at ₹200 to ₹210 per equity share. The retail lot size is 70 shares requiring a minimum capital outlay of approx. ₹14,700.

How can I check SRM Contractors Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 86.57x (Retail: 46.97x, QIB: 59.59x, NII: 214.93x). You can track live multiples directly on our dedicated subscription page.

Where and when will SRM Contractors Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-04-01. Investors can verify status using PAN card or application number.

When is the listing date for SRM Contractors Limited IPO?

SRM Contractors Limited shares are scheduled to list on NSE and BSE on 2024-04-03.