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SRM Contractors IPO: All you need to know
Written By: Landmarc News Aggregator
- Updated Thursday Mar 21 2024
SRM Contractors IPO: All you need to know
The initial public offering (IPO) for SRM Contractors is set to open for public issue on March 26, 2024.
The construction and development company's IPO consists of a fresh issue of 62 lakh shares worth Rs 130.20 crore and will close on March 28, 2024.
Price band for the IPO is set between Rs 200 to Rs 210 per share. The minimum lot size for an application is 70 shares, requiring a minimum investment of Rs 14,700 for retail investors. Substantial and non-institutional investors (sNII) need to invest in 14 lots (980 shares) amounting to Rs 205,800, whereas for business non-institutional investors (bNII), it's 69 lots (4,830 shares) requiring an investment of Rs 1,014,300.
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