Explore the SRM Contractors IPO GMP, Lot Size, Price, and Date at PrimeNewsly. There is good news for investors looking at GMP. The SRM Construction IPO will open next week. The company has raised Rs 39 crore from anchor investors.
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SRM Contractors IPO: SRM Constructors is an Indian construction company. On Friday, the company's IPO was opened for anchor investors. SRM Constructors has raised Rs 39 crore through anchor investors. Let us tell you, the company is also doing great in the grey market. Let's know about this IPO in detail.
The allotment of shares to the betting investors can be done on April 1. The listing of the company in the stock market is possible on April 3. The company is listed on BSE and NSE.
SRM Contractors IPO opening date: 26th March 2024
SRM Contractors IPO Closing date: 28th March 2024
SRM Contractors IPO Price band: Rs 200-Rs 210 per share
SRM Contractors IPO lot: 70 shares
SRM Contractors IPO minimum investment: Rs14,700 (210 x 70)
SRM Contractors funds raised from anchor investors: Rs 39 crore
The SRM Constructors IPO will open for retail investors on March 26. There will be a chance to bet on the company's IPO till March 28. The company has fixed a price band of Rs 200 to Rs 210 per share. Retail investors note that 70 shares are placed in one lot. As a result, any investor will have to bet at least Rs 14,700.
Grey market is an informal market where shares are traded unofficially before they are allotted. GMP denotes the expected price higher than the listing price of the IPO share in this informal market.
SRM Contractors IPO: Performance of the company in the grey market excellent performance of the company in the grey market is good. According to the report of Investor Gain, the IPO is available at a premium of Rs 58 today i.e. Saturday. If this happens, the company could be listed on the stock market at Rs 268 per share. At least 35 per cent of the IPO will be reserved for retail investors.
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Note: This is not investment advice. Investing in the stock market is subject to risks. You should always consult an expert before making any investment decisions.
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