SRM Contractors IPO
Construction/Infra EPC - Listed on 03 April 2024
SRM Contractors IPO listing summary
SRM Contractors (Construction/Infra EPC) closed its IPO window in 2024 and listed on NSE and BSE on 03 April 2024 at an upper band issue price of Rs 210, opening at Rs 215.25 for a listing gain of +31.0% and closing day one at Rs 226 (+7.6% on closing basis). The IPO was subscribed 86.57x overall - QIB 59.59x, HNI/NII 214.94x, Retail 46.97x. The total issue size was Rs 130.2 Cr (Fresh Issue Rs 0 Cr, OFS Rs 130.2 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
SRM Contractors IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 45 | +55.71% |
| Day 2 | Rs 55 | +57.14% |
| Day 3 | Rs 55 | +55.71% |
| Day 4 | Rs 75 | +52.38% |
| Day 5 | Rs 100 | +47.62% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the SRM Contractors IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
SRM Contractors IPO - FAQs
What was the listing gain of SRM Contractors IPO?
SRM Contractors IPO listed at +31.0% versus the upper issue price of Rs 210 on 03 April 2024.
How many times was SRM Contractors IPO subscribed?
SRM Contractors IPO was subscribed 86.57x overall. QIB portion was subscribed 59.59x, HNI / NII 214.94x and Retail 46.97x.
What was the IPO GMP for SRM Contractors?
IPO GMP started at Rs 45 on Day 1 and moved to Rs 100 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.