SRM Contractors IPO Day 2: Issue booked 9.7 times led by NIIs; check GMP & more


SRM Contractors IPO subscription status: After a positive response on the first day of issue, bidders remain invested in SRM Contractors IPO on the second day. The issue received favourable responses especially from non-institutional investors (NIIs), with their portions booked the highest among all groups of investors on Wednesday, March 27.

On Day 2, the overall SRM Contractors IPO subscription status was 9.71 times, as per NSE data. SRM Contractors IPO is the sole mainboard IPO open for subscription this truncated week. The issue will close on Thursday, March 28. The company has reserved 15 per cent of the shares for NIIs, maximum of 50 per cent for qualified institutional buyers (QIBs), and not less than 35 per cent for retail investors.

View Full Image

SRM Contractors IPO details. (SRM Contractors IPO)

SRM Contractors IPO subscription status

SRM IPO has received bids for 4,21,42,310 shares against 43,40,100 shares on offer, according to data from the NSE. The retail portion was subscribed 7.97 times, and NII portion was booked 23.54 times and the QIB portion was booked 2.38 times.

The retail investors’ segment received bids for 1,72,93,290 shares against 21,70,000 shares on offer for this segment. The NIIs portion got bids for 2,18,92,920 shares against 9,30,000 on offer for this segment. The QIBs segment got bids for 29,56,100 shares against 12,40,100 on offer for this segment.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.


Published: 27 Mar 2024, 08:40 PM IST


Source link

Back to top button