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IPO Note | Closed

SRM Contractors Ltd

01-Jan-1900

Minimum Investment

14,700

Retail Investor can invest upto Rs 0 in IPO
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Retail Discount

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Open Date

26-Mar-24
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Close Date

28-Mar-24
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Application Timing

IPO Details

  • Min Order Quantity
    70
  • Price Range
    210-0
  • Issue Size
    130.2
  • Face Value
    10
  • Listing at
    BSE
  • IPO Doc
    DRHP PDFpdf - img

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Lead Manager

Interactive Financial Services Ltd

About Company

Infollion Research Services Limited is a tech-oriented marketplace. They are operating in the B2B Human Cloud segment, catering to on-demand contingent hiring and work arrangements with senior management talent, subject matter experts, and high-ranking, seasoned professionals. In this highly dynamic and ever-evolving world, Infollion is providing a platform for workers or knowledge providers (gig workers) and employers or knowledge seekers to connect and find synergetic outcomes The client base of Infollion Research includes top-tier Global Management Consulting firms, Hedge funds, Private Equity funds, and mid-tier Corporates.

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    Parent Organization
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    Founded
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    Managing Director
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    Website
    www.srmcpl.com
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    Registered Office
    Sector 3 Near BJP Head Office,Trikuta Nagar,
    Jammu,180012,Jammu & Kashmir

IPO Schedule

Offer Start

26-Mar-24

Offer End

28-Mar-24

Allotment Finalization

NA

Refund initiation

NA

Demat transfer

NA

Listing

NA

Key Objective

Initial public offering of up to 62,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of SRM Contractors Limited ("The Company" or the "Issuer") for cash at a price of Rs. 210 per equity share (including a securities premium of Rs. 200 per equity share) ("Issue Price") aggregating up to Rs. 130.20 crores ("The Issue"). The issue will constitute 27.02 % of our post-issue paid-up equity share capital. The face value of the equity shares is Rs. 10 each and the issue price is 21 times the face value of the equity shares.

Financial Snapshot (Consolidated)

Financial Year Ended Revenue( Crores) PAT ( Crores) EPS()
Mar 2024 342.42 26.97 16.1
Mar 2023 300.29 18.75 11.2
Mar 2022 263.61 17.57 1154.1
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How to apply for IPOs with Arihant Capital

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Step 1

Go to IPO Online page

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Step 2

Login using your “client code” or PAN and mobile number by verifying OTP.

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Step 3

Click on “Apply IPO” to enter your bid quantity and UPI id.

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Step 4

Go to your UPI application and approve the payment request.

Viola! You have successfully applied to the IPO.

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  • Enter the bid quantity and approve the UPI payment mandate.
  • Your bid is complete!

When the IPO shares are allotted, you will either get full or partial allotment from the bid you made.

Sometimes, the IPO is oversubscribed, and you may not get any shares allotted to you. In such cases the full amount will be refunded to you.

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