SRM Contractors IPO: On both days of the IPO, there was significant interest from retail and non-institutional investors (NIIs) for SRM Contractors.

The subscription period for this issue, which began on Tuesday, March 26, will end today, Thursday, March 28.

SRM Contractors IPO subscription status was 17.42 times, as per BSE data, on the second day, where the NII portion was booked 45.51 times, the retail portion was subscribed 13.95 times, and qualified institutional buyers (QIBs) fetched 2.41 times. On day 1, the overall issue was booked 3.56 times.

SRM Contractors IPO Day 2: Check GMP, subscription status, review. Should you subscribe to the issue?

SRM Contractors IPO price band has been set in the range ofRs 200 to ₹210 per share, with a ₹10 face value. There is a minimum bid of 70 shares and bids can be made for multiples of 70 shares. A minimum of 15% of the shares have been set up for NII, up to 50% of the shares for QIB, and at least 35% of the shares are reserved for retail investors.

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