LIVE | SRM Contractors IPO Subscription Status

The initial public offer of SRM Contractors got subscribed 86.57 times on the last day of bidding on Thursday. The Rs 130.20 crore IPO received bids for 37,57,05,680 shares against 43,40,100 shares on offer, as per NSE data. The quota for non-institutional investors received 214.93 times subscription while the portion meant for Qualified Institutional Buyers (QIBs) got subscribed 59.59 times. The category for Retail Individual Investors (RIIs) fetched 46.97 times subscription.