SRM Contractors IPO Apply or avoid? Bank Nifty ready for big move?

SRM Contractors IPO Apply or avoid? Bank Nifty ready for big move?, we are going to study the last IPO of this financial year. The name of the company is SRM Contractors Limited. all the points from basic to advanced will be covered.

Talk about this IPO in very basic. If you do, the company was incorporated in 2008. It does the work of construction and development. It has mainly two business verticals, the first is road projects and the second is tanker projects. IPO is going to open on 26th of March, it will close on 28th, allotment will be decided.

Refund on April or you will start getting the shares from second of April and third of April Tentative is the listing date for us. There is one lot of 70 shares in retail. There is going to be one lot of ₹1 700. You will get it in HNI Small category.

You will have to apply for 14 lots and in AAI Big category you will have to apply for 69 lots. Look at the size of this IPO. The total size of this IPO is Rs 130 crores. In such a small size IPO, you can apply in any category. One has to apply only its minimum amount because over sub subscription.

Read More: Options Trading For Beginners The Basics

Chances are full, even if you apply in Access Basket, it will be of no use. For example, in AAI Big category, you have to apply for 69 lots. You say, I am not 69, I want to apply for more, I want to apply for 690 lots. I want to apply, there will be no benefit. New rules on Edge once oversubscribed.

SRM Contractors IPO Apply

SRM Contractors IPO Apply Only your basic amount i.e. 69 lots will be considered. Why is the quota for IB 35 retail and 15 AAI categories. Price ranges from Rs 200 to Rs 210. Band cut off price in retail is Rs 210 in h category.
You have to punch out the price of Rs.

Whichever broker you are trying to apply your complete IPO with. Total will be listed on both NAC and BSC. If we talk about financials then you can check out the total assets growing at a decent rate. The growth rate in revenue 2022 versus 2023 is 13.

Actually, there is nothing special on the basis of 2, in the same way, the profit after tax is bigger than nominal 6.71, in 2022 it was 17.5, which has increased to reach 18.75 crores in the financial year 2023, if you talk, then the figure till December will be 21 crores.

Again, we are getting a jump. There is no such significant jump. Bangas, today the company’s turnover is around Rs 42 crores. Dead to Equity ratio is 5. It is quite comfortable. Return on Capital Employed is 29.4. Return on Net Worth is again 25.

02 which becomes good, PAT margin is around 9%, EP is coming out to be 12.24, P ratio is coming out to be 17, if we try to do P ratio from peer comparison, then the P ratio of Man Ifa is Likhita Infrastructure’s P ratio is running at 46, Uday Shiv Krishna’s P ratio is running at 17, 21 means in comparison with its peers, whether you want P ratio or PB ratio, by the way PB ratio of this company is also coming out.

Apply for upcoming SRM Contractors Limited IPO at Zerodha

If you consider the points of P ratio or PV ratio of Rs 17, then you are not getting much discount from your peers, which means this IPO is not cheap in any way. We have to directly consider the points of basic valuation. I understand whether it is expensive or not very expensive.

Okay, the valuation is there but usually when a company comes out with an IPO, we believe that if it has left a good scope on the table for us, it is at 40-45. For us the attraction there increases a lot Sources on Edge If we talk about gray market premium today then it

Gray market is going on in IPO, Rafi is around 171, today the market has become very good, especially the speech of US Fed has come from the Chairman, after that, after this market becomes good, your premium here is 1819.

Before this, the premium till the time the market was bad was only Rs 10, which means the fate of this IPO will depend a lot on whether the market continues to bounce back or if it retests again and spoils the original environment. If the environment becomes bad then even minor listing losses can be expected here, meaning this

It is a bit risky IPO where Pay at Max. According to my personal understanding, maximum loss is expected to be around Rs 10 per Ruffle and margin available for us in profit is Rs 181. How is the market moving plus what subscription is coming.

SRM Contractors IPO Apply As soon as the new restrictions of SEBI have come, the subscriptions in AAI category have also reduced or there are expectations that it will reduce. How much are they reduced, in what manner the subscriptions come, it is going to be my personal decision on that if I have to accept the new rules. Despite being in NE category.

SRM Contractors IPO Date, Price, GMP, Review, Details

Overall, if I get oversubscription of around seven-eight times, then I will consider this IPO, otherwise I will personally be ready to avoid this IPO for the timing. If the subscription is not good, then what is your decision? Complete. After studying the IPO, please let me know by commenting.

If you do not have a demat account yet, you will get the demat account opening link in the free description. If you want to open a demat account for HUF or your minor child, then you should connect with our team. You will have to do whatever number you find in the description.

You will not be able to open the IPO directly and many times you do not have funds to apply for IPO but you have mutual funds which you are ready to lean. You want to lean and how much of yours can you lean for free.

If you want to know the cost then you will get the link of Lt Money also in the description. Now let us move on to our next part named Expectations from Tomorrow’s Market. General market trend is still in up trend but very close market is going in neutral trend. One Volume Distribution Days Strong to Go

If we get more, then the general market trend will go to neutral. Keep it in the back of your mind. Put call is back today around 95, it is comfortable. Now you may know that yesterday’s episode of Anand Ka Funda had not come but it was live yesterday.

I had come there and we had discussed that the market is getting very oversold in the put call ratio, hence today I am personally expecting a bounce back in the market. I did not know that brother Pavel Saheb, who is the chairman of the US Fed. Will give such a good statement that the three rate cuts to be made this year will happen.

SRM Contractors IPO Details, Latest Updates, GMP 2024

Let’s see, whenever the interest rate is cut, the market gets a boost because of it. Why is this a very simple logic? If in any economy, let us talk about the US economy for example. If in the US economy, only by paying money on interest, that too.

The government would be getting returns of 4.5 per cent whereas if they invest in a developing economy they are expecting returns of 12-13 per cent plus if we differentiate because of the dollar then they feel that for a premium of 2-3 per cent I will Why should I take an extra risk because interest rates are high?

Why don’t we invest our major money on instruments with high interest rates, hence your money flows more into debt instruments, if the interest rate is high in the economy, against this, if the interest rate is reduced then the money Flow starts happening in the economy at this time, many segments are performing well for you.

For example, generally in banking, we have seen an up move. We have seen a good move in mid caps, especially in mid cap small caps, when the interest rates are a little loose instead of being tight. honi starts

Even you saw good performance in infra and for example in consumer durables. Whenever there is a scenario of interest rate reduction, that is why the market rallied today. Even European market, Japanese market, Indian market, every market rallied today.

Performed if you check out the action of FA and DS then on 20th of March AI had sold Rs 2600 crores and had purchased only VINA. DI is not making that much difference. Market gave a good gap up opening today. So, but first I will discuss Bank Nifty because tomorrow is the day for me.
Bank Nifty is going to be most important.

Srm contractors ipo apply date

I personally feel that if the momentum of tomorrow is also to be on the positive side, then Bank Nifty has the highest chances of leading, so if the market immediately crosses the level of 46750. Either flat or slight gap up or slight gap down after opening in this range it crosses it and it crosses it with the help of private banks like hdfc0000509 will be found around and this too If you cross and sustain then even an even bigger rally will meet us here.

Expectations are reached. If we talk about short, then personally I do not have much desire to do immediate short in Bank Nifty here till it does not break the level of 46200 and goes below. Even if the market comes below here.

Then its I will try to study for intraday tomorrow by taking support from nearby and will attempt to bounce back. Tomorrow my focus will be only on Bank Nifty. We discuss the levels of Nifty also but my focus will be more on Bank Nifty because there Trading looks comparatively easy tomorrow in Nifty when

When the market crosses 2275 and goes up, then a new listing is initiated and when it undercuts the recent low of 2182, from there the market comes under a little pressure and today’s low also serves as an important support for the market. We should go below this, it will be a sign of weakness for the market tomorrow, whether positive or negative, my focus will be more on Bank Nifty.

FAQs

Conclusions

The choice of whether to apply for or steer clear of SRM Contractors’ IPO ultimately comes down to personal investing objectives and risk tolerance. Before making a choice, prospective investors should carefully consider the company’s development prospects, market position, and financial stability. The IPO has inherent dangers that should not be disregarded, even though it offers a chance for possible gains. Making an educated choice requires extensive study and, if necessary, expert consultation. Investors are encouraged to carefully consider the risks and rewards before making any decisions as the deadline draws near.