SRM Contractors IPO GMP History
SRM Contractors IPO has been listed on April 3, 2024 at a listing price of ₹215.25, against the issue price of ₹210 — a gain of ₹5.25 (+2.5%). The GMP peaked at ₹120 on 1 April 2024 and reached a low of ₹30 on 21 March 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
SRM Contractors IPO raised ₹130.2 Cr. through its IPO at a price band of ₹200 to ₹210 per share, with a lot size of 70 shares. The IPO was open for subscription from 26 Mar 2024 to 28 Mar 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:38 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 02 Apr 2024 | ₹ 117 | ▼ | 56% | — | — |
| 01 Apr 2024 | ₹ 120 | ▲ | 57% | — | — |
| 30 Mar 2024 | ₹ 117 | ▲ | 56% | — | — |
| 29 Mar 2024 | ₹ 110 | ▲ | 52% | — | — |
| 28 Mar 2024 | ₹ 100 | ▲ | 48% | — | — |
| 27 Mar 2024 | ₹ 75 | ▲ | 36% | — | — |
| 26 Mar 2024 | ₹ 55 | ▲ | 26% | — | — |
| 23 Mar 2024 | ₹ 45 | ▲ | 21% | — | — |
| 22 Mar 2024 | ₹ 35 | ▲ | 17% | — | — |
| 21 Mar 2024 | ₹ 30 | — | 14% | — | — |
| 20 Mar 2024 | ₹ 30 | — | 14% | — | — |
SRM Contractors IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 26 Mar 2024
- Close 28 Mar 2024
- Allotment 01 Apr 2024
- Refund/credit 02 Apr 2024
- Listing 03 Apr 2024
SRM Contractors IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹210 |
|---|---|
| GMP-based estimate (pre-listing) | ₹327 (+55.7%) |
| Listing gain / loss | +₹5.25 per share |
| Listing date | 03 Apr, 2024 |
| Actual listing price | ₹215.25 (+2.5%) |
Is SRM Contractors IPO GMP reliable?
Grey market premium for SRM Contractors IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the SRM Contractors IPO full review for a fundamentals-based assessment before making any grey market trades.
SRM Contractors IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for SRM Contractors IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About SRM Contractors IPO
SRM Contractors Limited was incorporated as SRM Contractors Private Limited on 4 September 2008. It is an engineering construction and development company focused on roads, including bridges, tunnels and slope stabilisation work.
It works mainly in the Union Territories of Jammu and Kashmir and Ladakh, as an EPC contractor, on a unit-price basis and as a subcontractor on infrastructure projects.
Its road work includes realignment, widening, upgradation, restoration and strengthening of roads, bridges and highways and their maintenance. Its promoters are Sanjay Mehta, Ashley Mehta and Puneet Pal Singh.
The IPO was Rs 130.2 crore and was entirely fresh issue. Rs 46.00 crore was planned for working capital, Rs 31.50 crore for equipment and Rs 12.00 crore for a joint venture project.
Frequently asked
What is the GMP of SRM Contractors IPO?
The current Grey Market Premium (GMP) of SRM Contractors IPO is ₹ 117.
What is the Kostak Price of SRM Contractors IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for SRM Contractors IPO is not available.
What is the Subject to Sauda Price of SRM Contractors IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of SRM Contractors IPO?
SRM Contractors IPO listed on April 3, 2024 at ₹215.25, against the issue price of ₹210 — a gain of +2.5%.
How did the GMP of SRM Contractors IPO trend before listing?
The GMP of SRM Contractors IPO was falling in its final days before listing. The GMP peaked at ₹120 on 1 April 2024. View the day-wise table above for the complete GMP history.
Explore SRM Contractors IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
