The SRM Contractors IPO minimum market lot is 70 shares with ₹14,700 application amount. The SRM Contractors IPO is an Mainline IPO, and it is to be listed on BSE & NSE.
SRM Contractors is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works, and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh. They undertake 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. They have 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, and they, thus, believe that they have developed the expertise and know-how to undertake infrastructure construction projects in difficult terrains. 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 (Source: D&B Report).
IPOWatch View
We recommend investors may apply for an IPO with Longterm-views. Investors should also look at the QIB, NII, and Retail numbers before investing.
SRM Contractors IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 1.57 | 2.41 | 59.59 |
| NII | 6.32 | 45.70 | 214.94 |
| bNII | 5.09 | 42.21 | 220.57 |
| sNII | 8.75 | 52.52 | 203.67 |
| RII | 3.70 | 14.21 | 46.97 |
| Total | 3.65 | 17.58 | 86.57 |
SRM Contractors IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
SRM Contractors IPO Review
- May Apply
SRM Contractors IPO Form
How to apply for the SRM Contractors IPO? You can apply for SRM Contractors IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the SRM Contractors IPO in the Invest section. The other option is you can apply for SRM Contractors IPO via IPO forms downloaded online. Check out the SRM Contractors forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
