SRM Contractors has debuted at Rs 225.00 on the BSE, up by 15 points or 7.14% from its issue price of Rs 210.00.
The scrip is currently trading at Rs 236.20, up by 26.2 points or 12.48% from its issue price.
It has touched a high and low of Rs 236.20 and Rs 213.75 respectively. So far 3.01 lakh shares were traded on the counter.
The offering, which was open for subscription between March 26, 2024 and March 28, 2024 was subscribed 86.57 times. The issue price was fixed at Rs 210.00 per share i.e. at upper end of price band of Rs 200-210 apiece.
SRM Contractors is a construction and development company primarily engaged in the construction of roads (including bridges), tunnels, slope stabilization works, and other construction activities in the Union Territories of Jammu and Kashmir and Ladakh.
