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Category :
IPO
Headline :
SRM Contractors announces launch of initial public offering
Date:
20/03/2024 07:00
SRM Contractors Ltd. has announced public offering of 6200000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 200.00 per share. The gross proceeds of the issue are expected to be Rs 13,020.00 lakhs.
The company's initial public offer (IPO) will open on 26 March 2024 and is expected to close on 28 March 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 200.00-210.00 per share.
The IPO includes a fresh Issue of 6200000 Equity Shares of the Company at an price of Rs 210.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 70 shares with bids in multiples of 70.
SRM Contractors Ltd. anticipates using the proceeds of the issue for .
Interactive Financial Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
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