SRM Contractors Ltd IPO Allotment: Check Your Status

    How to check SRM Contractors Ltd IPO allotment status on NSE:

    • Go to the applications status page on NSE
    • Choose the 'Click here to sign up' option and complete the registration process using your PAN details.
    • Enter your username, password, and captcha code on the subsequent page.
    • Once logged in, navigate to the designated section to check the IPO allotment status.

    How to check SRM Contractors Ltd IPO allotment status on BSE:

    • Go to the applications status page on BSE
    • In the 'Issue Type' section, opt for 'Equity' and pick the SRM Contractors Ltd IPO from the dropdown menu labelled 'Issue Name'.
    • Enter either your PAN or application number, then click the 'Submit' button.

    Allocation quota for SRM Contractors Ltd

    The following table outlines the allocation quotas for different categories, detailing both the number of shares and the percentage of the total share capital raised. However, it's primarily the quotas for retail and HNI investors that are of significant interest.

    Category of Investors Allocation of shares under IPO
    Anchor Allocation 0 (0%)
    QIB Shares Offered 31,00,000 (50%)
    NII (HNI) Shares Offered 9,30,000 (15%)
    Retail Shares Offered 21,70,000 (35%)
    Total Shares Offered 62,00,000

    Data Source: BSE, NSE

    Subscription Status for SRM Contractors Ltd

    Now, let’s check how the SRM Contractors Ltd was subscribed. The table below breaks down subscription numbers by category and shows the overall subscription for SRM Contractors Ltd

    Category Subscription Status
    Qualified Institutional Buyers (QIB) [-]
    Non Institutional Investors (NII) [-]
    Retail Individuals [-]
    Overall Subscription [-]

    Data Source: BSE, NSE

    Utilization of IPO Proceeds - Content in crisp pointers

    The QIB portion witnessed a subscription of [-] times, while the HNI/NII portion saw a subscription of [-] times. The Retail portion experienced a subscription of [-] times, culminating in an overall subscription of [-] times for the IPO.

    Frequently Asked Questions

    What is SRM Contractors Ltd IPO?

    Answer Field

    SRM Contractors Ltd IPO is a Mainboard IPO of 62,00,000 equity shares of a face value of ₹10 aggregating up to ₹130.2 Crores. The issue is priced at ₹200 to ₹210 per share. The minimum order quantity is 70 Shares. The IPO opens on March 26, 2024, and closes on March 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

    When SRM Contractors Ltd IPO will open?

    Answer Field

    The SRM Contractors Ltd IPO opens on March 26, 2024 and closes on March 28, 2024.

    What is the lot size of SRM Contractors Ltd?

    Answer Field

    SRM Contractors Ltd lot size is 70 shares, and the minimum amount required is ₹14,700.

    How to apply for SRM Contractors Ltd IPO?

    Answer Field

    You can apply in SRM Contractors Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

    • Login to Bajaj Broking account App/Website & click on IPO
    • Enter the number of lots and price at which you wish to apply.
    • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
    • You will receive a mandate notification to block funds in your UPI app.
    • Approve the mandate request on your UPI and funds will be blocked.

    When is SRM Contractors Ltd IPO allotment?

    Answer Field

    The finalization of Basis of Allotment for SRM Contractors Ltd IPO will be done on April 01, 2024, and the allotted shares will be credited to your demat account by April 02, 2024.

    When is SRM Contractors Ltd IPO listing date?

    Answer Field

    The SRM Contractors Ltd listing date is April 03, 2024.

    Who is the registrar of SRM Contractors Ltd IPO?

    Answer Field

    The registrar of SRM Contractors Ltd IPO is Bigshare Services Pvt Ltd

    Which company is the book-running lead manager of the IPO?

    Answer Field

    Interactive Financial Services Ltd will be the book-running lead manager of this IPO.

    What is the fresh issue of SRM Contractors Ltd IPO?

    Answer Field

    The fresh issue size is ₹130.2 Crores equity shares.

    What minimum lot size can retail subscribers subscribe to SRM Contractors Ltd?

    Answer Field

    Retail investors can subscribe to a minimum of one lot, 70 shares and ₹14,700 amount.

    How can I approve the UPI mandate request for SRM Contractors Ltd IPO?

    Answer Field

    To apply for SRM Contractors Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

    What is the price range of SRM Contractors Ltd?

    Answer Field

    The price of each SRM Contractors Ltd share will be ranging in between ₹200 to ₹210 per share.

    What is the cut-off time for the UPI mandate for SRM Contractors Ltd IPO?

    Answer Field

    The cut-off time for the UPI mandate confirmation is 5:00 PM, March 28, 2024.

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