SRM Contractors IPO to list on NSE and BSE on April 03. The IPO was subscribed more than 86 times. The status of the allotment can be checked on the website of Bigshare Services as it was the registrar to the issue of SRM Contractors.
Here’ how you can check allotment:
Step 1
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Go to your browser and search for Bigshare Services
Step 2
Open the website of Bigshare Services and click on the IPO allotment status box on the left side of the screen.
Step 3
Fill in all your details – the company’s name and Application number, Beneficiary ID, or PAN number (any of the three).
Step 4
Enter the captcha and hit the search button.
On April 03, the initiation of the refund is expected, which will be delivered to the bank account of investors who applied.
The company raised Rs 130.20 by offering 6.2 million fresh shares It started its retail bidding on March 26 and ended that on March 28. The company set the IPO price band at Rs 200 to Rs 210 per equity share.
The company was fetching over a 45% premium to its issue price in the grey market. The grey market is an unofficial market where shares are traded illegally.
A minimum retail bid was of 70 shares amounting to Rs 14,700. Interactive Financial Services was the book-running lead manager of the IPO.
Also read: SRM Contractors to list on April 3 – Here’s the list of all IPOs, new listings next week