New Delhi, March 6 -- Srinibas Pradhan Constructions IPO Day 1: The initial public offering of Srinibas Pradhan opened for subscription today March 6 and will close on Tuesday, March 10. The Srinibas Pradhan IPO price band has been set in the range of Rs.91-98 per share.

The SME IPO allotment is expected on Wednesday, March 11 while successful applicants are likely to receive their shares on Thursday, March 12. Refunds for non-allottees will also be processed on the same day. The stock is scheduled to list on NSE SME with a tentative listing date of March 13, Friday.

Investor sentiment toward the IPO is muted, as Srinibas Pradhan Constructions grey market premium (GMP) is Rs.0 on March 6. This suggested that the stock was likely to debu...