SRM Contractors IPO Details: SRM Contractors’ upcoming Initial Public Offering (IPO) is scheduled to commence on March 26th, with the closing date set for March 28th. The company aims to raise approximately ₹130.20 crores through the IPO, comprising a fresh issue of ₹130.20 crores and an offer for sale of up to 6,200,000 equity shares at ₹10 each.
Specializing in engineering construction and development, SRM Contractors primarily focuses on projects such as road construction (including bridges), tunnel development, slope stabilization works, and various other civil construction activities within the Union Territories of Jammu & Kashmir and Ladakh. Their expertise extends to executing projects as both an Engineering, Procurement, and Construction (EPC) contractor and on an item-rate basis for infrastructure endeavors. Additionally, the company undertakes sub-contracting assignments for larger infrastructure construction projects.
With a commendable track record of successfully completing projects in challenging terrains, particularly in Jammu & Kashmir and Ladakh, SRM Contractors prides itself on its technical prowess and capabilities in tackling infrastructure construction in difficult landscapes. Their ISO 9001:2015 certification and classification as a Class A contractor with the Public Work (R&B) Department, Jammu & Kashmir, underscore their commitment to quality and excellence in their field.
Benefiting from governmental initiatives aimed at bolstering infrastructure in the region, SRM Contractors has diversified its portfolio to include standalone bridges, larger slope stabilization works, and various other civil construction activities. Their status as a pre-qualified bidder for government projects, coupled with their robust resources, skilled manpower, and modern machinery fleet, positions them favorably to undertake multiple projects concurrently.
As an EPC contractor, SRM Contractors’ services encompass the entire project lifecycle, from detailed engineering and procurement to execution and operation. Their emphasis on quality, coupled with their efficient project execution, has not only solidified relationships with existing clients but also paved the way for securing projects from new clients.
In conclusion, SRM Contractors stands poised to leverage its experience, expertise, and resources to further its growth trajectory and continue contributing to the infrastructure development of the Union Territories of Jammu & Kashmir and Ladakh.
SRM Contractors IPO Objectives:
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding capital expenditure requirements for the purchase of equipment/machinery;
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company;
- Funding the working capital requirements of the company;
- Investment in Project Specific Joint Venture Projects; and
- General Corporate Purpose.
SRM Contractors IPO Review (Apply or Not)
- To be updated soon
SRM Contractors IPO Date & Price Band Details:
| IPO Open: | 26-March-2024 |
| IPO Close: | 28-March-2024 |
| IPO Size: | Approx ₹130.20 Crores |
| Fresh Issue: | Approx ₹130.20 Crores |
| Offer for Sale: | Approx ₹[.] Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹200 to ₹210 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
SRM Contractors IPO Lot Size:
Investors have the opportunity to bid for a minimum of 70 shares and in multiples thereof. Below is a table illustrating the minimum and maximum investment options for both retail investors and High Net Worth Individuals (HNIs) in terms of shares and corresponding amounts.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 70 | ₹14,700 |
| Retail Maximum | 13 | 910 | ₹191,100 |
| S-HNI Minimum | 14 | 980 | ₹205,800 |
| B-HNI Minimum | 68 | 4830 | ₹1,014,300 |
SRM Contractors IPO Timeline:
The SRM Contractors IPO is scheduled to open on March 26th and will conclude on March 28th. Subsequently, the IPO allotment process will be completed by April 1st, with the listing set for April 3rd.
| Price Band Announcement: | 25-March-2024 |
| IPO Open Date: | 26-March-2024 |
| IPO Close Date: | 28-March-2024 |
| Basis of Allotment: | 1-April-2024 |
| Refunds: | 2-April-2024 |
| Credit to Demat Account: | 2-April-2024 |
| IPO Listing Date: | 3-April-2024 |
SRM Contractors IPO GMP Today:
The latest Grey Market Premium (GMP) for the SRM Contractors IPO stands at ₹40. Considering the price band set at ₹210.00, the anticipated listing price for the IPO is estimated to be ₹250 (comprising the cap price plus today’s GMP). This translates to an expected percentage gain/loss per share of approximately 19.05%.
SRM Contractors Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹161.95 | ₹151.11 | ₹8.27 |
| 2022 | ₹265.51 | ₹242.21 | ₹17.57 |
| 2023 | ₹300.65 | ₹275.60 | ₹18.75 |
SRM Contractors IPO Valuation – FY2023
Check SRM Contractors IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹90.82 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 29.68% |
| Net Asset Value (NAV): | ₹37.72 per Equity Share |
Peer Group
- Man Infraconstruction limited
- ITD cementation India Limited
- Likhitha Infrastructure Limited
- Udayshivakumar Infra Ltd
Company Promoters
- Sanjay Mehta
- Ashley Mehta
- Puneet Pal Singh
SRM Contractors IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SRM Contractors IPO Allotment Status Check
Check SRM Contractors IPO allotment status on Bigshare Services website allotment URL. Click Here
SRM Contractors IPO Lead Managers aka Merchant Bankers
- Interactive Financial Services Ltd
Company Address
SRM Contractors Limited
Sector 3,
Near BJP Head Office,
Trikuta Nagar, Jammu -180012
Phone: +91 84918 77114
Email: cs@srmcpl.com
Website: https://srmcpl.com/
