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Category :
IPO
Headline :
SRM Contractors Ltd. debuts with 7.14% premium at Rs 225.00
Date:
03/04/2024 09:50
SRM Contractors Ltd. makes a strong debut on the bourses with scrip got listed at Rs 225.00 on the Bombay Stock Exchange, a 7.14 per cent premium to its issue price of Rs 210.00. On the National Stock Exchange, the stock was listed at Rs 215.25.
The company, which raised 0.62 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 62.00 lakhs shares.
The company, listed under T Group Securities post its IPO, opened for subscription from Mar 26 to Mar 28.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Interactive Financial Services Ltd. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 73,903.91, down 110.64 points, or 0.14 per cent.
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