look news india
Today, March 28, is the last trading day of the Indian stock market for the financial year 2023-24 because tomorrow, Friday, March 29, there is a holiday in the stock market due to Good Friday. Today T+O is also applied for settlement and is an important factor for the domestic stock market as well.
On the last trading day of FY24, BSE Sensex opened 153.03 points or 0.21 per cent higher at 73,149. NSE's Nifty opened at 22,163, up 39.95 points or 0.18 per cent.
Opportunity to invest in SRM Contractors IPO
The IPO i.e. Initial Public Offer of construction and developer company SRM Contractors Limited has opened for public subscription from March 26. Retail investors can bid for this IPO till March 28.
For this IPO, the retail investor will have to apply for at least one lot i.e. 70 shares. The company has set the IPO price band at ₹200-₹210 per share. If you apply for 1 lot at ₹210 at the upper price band of the IPO, you will have to invest ₹14,700. Retail investors can bid for a maximum of 13 lots i.e. 910 shares, for which they will have to invest ₹191,100.