Latest SRM Contractors IPO allotment Status: Here is how to check allotment status online

The Rs 130.20 crore SRM Contractors IPO is a book-built offering. This is a completely new 0.62 crore share offering.

The subscription period for SRM Contractors IPO began on March 26, 2024, and ended on March 28, 2024. On Monday, April 1, 2024, the allocation for the SRM Contractors IPO is anticipated to be completed. The BSE and NSE will offer SRM Contractors IPO, with a provisional listing date of Wednesday, April 3, 2024.

A price range of ₹200 to ₹210 per share has been announced for SRM Contractors‘ IPO. For an application, a minimum lot size of 70 shares is required, and in multiples thereof. For retail investors, a minimum investment of ₹14,700 is needed. In terms of sNII, the minimum lot size investment is 14 lots (980 shares), or ₹205,800, and for bNII, it is 69 lots (4,830 shares), or ₹1,014,300.

The SRM Contractors IPO’s book-running lead manager is Interactive Financial Services Ltd, and the issue’s registrar is Bigshare Services Pvt Ltd.

Here’s how you can check the allotment status of SRM Contractors Limited IPO:

Step 1: Go to the BSE website.

Step 2: Choose ‘Equity’ and then the issue name from the selection menu.

Step 3: Enter your application number as well as your PAN card number and press ‘Search’.

You can also follow a similar procedure to check the allotment status on the Registrar’s website:

Step 1: Go to the Bigshare Services Pvt Ltd website.

Step 2: Select the IPO name by clicking on ‘Company Selection’.

Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.

If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on April 2, 2024.

SRM Contractors Limited (SCL) undertakes construction works both as an EPC contractor and on an item-rate basis for infrastructure projects. The Company also undertakes sub-contracting assignments for infrastructure construction projects. It has a track record of successful execution of road, tunnel, and slope stabilization projects in the difficult terrain of union territories of Jammu & Kashmir and Ladakh. The Company has emerged as a key player in the infrastructure construction industry in the Union Territories of Jammu & Kashmir and Ladakh and has developed technical capabilities to execute projects in hilly/challenging terrain in the region. SCL is an ISO 9001:2015 certified company and is also registered as a class A contractor with the Public Work (R&B) Department, Jammu & Kashmir.

As a result of the growth of its road and tunnel construction business, as well as the recent government initiatives and support to develop the infrastructure of union territories of Jammu & Kashmir and Ladakh, the company has further forayed into executing other infrastructure projects such as standalone bridges, larger slope stabilization works, and other miscellaneous civil construction activities to capitalize on such rising opportunities. As of January 31, 2024, its order book consists of 21 infrastructure construction projects. Its order book in terms of the value of contracts, including subcontracting assignments, was Rs. 1199.31 cr. as of January 31, 2024.