The much-anticipated initial public offering (IPO) of SRM Contractors Limited is anticipated to announce its share allocation today. Following a bidding window from Tuesday to Thursday last week, with Friday being a market holiday, investors are eagerly awaiting the allocation results.
Ahead of the IPO allotment date, the grey market has shown significant bullish sentiment towards SRM Contractors IPO. Market observers report a grey market premium (GMP) of ₹126 for SRM Contractors shares today, marking a rise of ₹2 from the weekend and a notable ₹16 increase compared to the previous trading session. This surge in GMP is attributed to robust subscription status and a positive turnaround in the market sentiment.
In accordance with the T+3 listing rule implemented from December 1, 2023, the listing date for SRM Contractors IPO is likely scheduled for April 3, 2024. Consequently, the allotment date for SRM Contractors IPO is expected to be today.
To check the IPO allotment status conveniently, applicants can visit the BSE website or the official registrar of the IPO, Bigshare Services Private Limited. They can log in directly through the provided links and follow the step-by-step instructions to check their allotment status online.
For those opting to check through Bigshare:
- Login at ipo.bigshareonline.com/ipo_status.html.
- Select SRM Contractors Limited.
- Choose the application number.
- Enter the captcha and click submit.
Similarly, applicants can check through BSE:
- Login at bseindia.com/investors/appli_check.aspx.
- Select ‘Equity’ in the issue type.
- Enter the application or PAN number.
- Complete the captcha verification and click search.
Applicants will then be able to view their SRM Contractors IPO allotment status on their screens.
