Question 1

What is the SRM Contractors Limited IPO?

Accepted Answer

The SRM Contractors Limited IPO is a mainboard Initial Public Offering where SRM Contractors Limited is offering its shares to the public for the first time. The issue size is ₹62 lakhs with a price band of ₹200-210. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will SRM Contractors Limited IPO open?

Accepted Answer

The SRM Contractors Limited IPO was open from 26 March 2024 to 28 March 2024. The subscription period has now ended.

Question 3

What is the lot size of SRM Contractors Limited IPO?

Accepted Answer

The lot size for SRM Contractors Limited IPO is 70 shares, which means the minimum investment required is approximately ₹14,700 (70 shares × ₹200-210). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for SRM Contractors Limited IPO?

Accepted Answer

You can apply for the SRM Contractors Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is SRM Contractors Limited IPO allotment?

Accepted Answer

The SRM Contractors Limited IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is SRM Contractors Limited IPO listing date?

Accepted Answer

The SRM Contractors Limited IPO was listed on 03 April 2024. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of SRM Contractors Limited IPO reliable?

Accepted Answer

The Grey Market Premium (GMP) for SRM Contractors Limited IPO was ₹70 before listing. The actual listing price was ₹215.25, giving a listing gain of 2.5% (₹5 per share). The listing performance was lower than GMP suggested, showing that GMP was overestimated. This demonstrates that while GMP can be an indicator, it's not always accurate and should be used alongside fundamental analysis.

Question 8

How much profit have I made if I held SRM Contractors Limited IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹210 and held them until now, your current gain is +128.9% (₹271 per share). For one lot of 70 shares, your profit would be ₹18,970. On listing day, the stock opened at ₹215.25 (2.5% gain). Holding the IPO has given better returns than selling on listing day. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Retail(min) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	1	70	₹14,700
Retail(max) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	13	910	₹1.91L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	14	980	₹2.06L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	68	4,760	₹10.00L
BHNI(min) Big HNI - Investment above ₹10 lakhs	69	4,830	₹10.14L

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