look news india
Today i.e. on 27th March, there is a boom in the stock market. Sensex opened 222 points up at 72,692. At the same time, Nifty opened at 22,053 with a gain of 49 points. In early trade, out of 30 Sensex stocks, 24 were up and 6 were down.
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.