SRM Contractors Limited

SRM Contractors Limited

Mainboard

₹14,700 / 70 Shares

Offer Date:Mar 26, 2024 - Mar 28, 2024
Share

SRM Contractors Limited IPO Details

The SRM Contractors Limited IPO price band is set between ₹200-210 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 26 Mar, 2024 and closes on 28 Mar, 2024. Investors can check the allotment status on 1 Apr, 2024, while the listing date is tentatively scheduled for 3 Apr, 2024.

The total issue size is 6,200,000 shares, aggregating up to ₹130.20 Cr. Stay tuned for the latest SRM Contractors Limited IPO review and GMP updates.

SRM Contractors Limited IPO Review, Rating & Analysis

SRM Contractors Limited IPO Review

NO REVIEW

SRM Contractors Limited IPO Rating

SRM Contractors Limited IPO Highlights

IPO Date

Mar 26, 2024 - Mar 28, 2024

Listing Date

3 Apr, 2024

Face Value

₹10 Per Equity Share

Price Band

₹200-210 per equity share

Lot Size

70 Shares

Fresh Issue

Shares

Offer for Sale

-

Listing At

BSE, NSE

SRM Contractors Limited IPO Lot Size

The minimum market lot for SRM Contractors Limited IPO is 70 shares with an application amount of ₹14,700. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)170₹14,700
Retail (Max)13910₹1,91,100
S-HNI (Min)14980₹2,05,800
S-HNI (Max)684760₹9,99,600
B-HNI (Min)694830₹10,14,300

SRM Contractors Limited IPO Timeline

IPO Open Date
26 Mar, 2024
IPO Close Date
28 Mar, 2024
Basis of Allotment
1 Apr, 2024
Listing Date
3 Apr, 2024

Issue Price

₹200-210 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

Lead Manager

Interactive Financial Services Ltd

Issue Size

6,200,000 shares(aggregating up to ₹130.20 Cr)

SRM Contractors Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 23137.36300.6518.7563.1646.4147.16
31 Mar 22120.22265.5117.5744.4142.8931.52
31 Mar 21112.47161.958.2726.8525.3231.96

All values are in ₹ Cr.

SRM Contractors Limited IPO Valuations

EPS Pre IPO

₹11.2/-

EPS Post IPO

₹12.24/-

PE Pre IPO

18.76

PE Post IPO

17.15

ROE

-

ROCE

29.43%

Debt Equity

0.50

RoNW

25.02%

PAT Margin

8.98

Price to Book Value

4.17

Promoters & Share Holding

Promoter(s) Name

  • Sanjay Mehta
  • Ashley Mehta
  • Puneet Pal Singh
Share Holding Pre IssueShare Holding Post Issue
99.92%72.92%

About Company

SRM Contractors Limited is a construction and development company primarily engaged in the construction of roads (including bridges), tunnels, slope stabilization works, and other construction activities in the Union Territories of Jammu and Kashmir and Ladakh.

The company operates as an EPC contractor and on a unit-price basis for infrastructure projects and subcontracts infrastructure construction projects.

The company has these major business verticals:
Road projects: planning and construction of realignment, widening, upgradation, restoration, and/or strengthening and improvement of roads, bridges, and highways and their maintenance in the Union Territories of Jammu and Kashmir and Ladakh.
Tunner projects: design and construction of new tunnels, cut-and-cover tunnels for avalanche and landslide protection and caverns; also includes expansion, upgradation, restoration and/or strengthening and improvement, including creation of niches/alterations in niches and stabilization of existing tunnels in the Union Territories of Jammu and Kashmir and Ladakh.
Slop stabilization works: planning and construction of reinforced embankment structures as part of slope stabilization work.
Other miscellaneous civil construction activities: construction of government housing and residential units, drainage work as well as irrigation and flood protection work.

As of March 2024, the company has completed 37 infrastructure construction projects with a total contract value of Rs. 77,088.00 lakhs including 31 road construction projects,3 tunnel projects,1 slope stabilization project, and 2 miscellaneous construction works. Out of the 37 projects 29 infrastructure construction projects, including sub-contracts, were undertaken by the company independently and 8 projects were undertaken through project-specific joint ventures.

As on September 15,2023, the company employed 293 full-time employees, consisting of specialists and workers.

Read More

SRM Contractors Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved1,240,100
930,000

620,000    310,000
2,170,0004,340,180
Day 1 -26-03-24 05:00 PM
1.57 x
6.25

5.09 x   8.57 x
3.52 x3.55 x
Day 2 -27-03-24 05:00 PM
2.40 x
44.65

41.41 x   51.13 x
13.70 x17.10 x
Day 3 -28-03-24 05:00 PM
59.59 x
214.94

220.57 x   203.67 x
46.97 x86.57 x
Total No. of Applications:14,21,306 (Approx)

Company Contact Details

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/

Registrar Contact Details

Bigshare Services Pvt Ltd

Frequently Asked Questions about SRM Contractors Limited IPO

When will SRM Contractors Limited IPO open for subscription?

The SRM Contractors Limited IPO opens on 26 Mar, 2024 and closes on 28 Mar, 2024.

What is the investors portion for SRM Contractors Limited IPO?

The investors' portion for QIB is 59.59 x, NII is 220.57 x, and Retail is 46.97 x.

How to apply for SRM Contractors Limited IPO?

You can apply for SRM Contractors Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of SRM Contractors Limited IPO?

The issue size of SRM Contractors Limited IPO is approx ₹6,200,000 shares(aggregating up to ₹130.20 Cr) crores.

What is the price band of SRM Contractors Limited IPO?

The price band for SRM Contractors Limited IPO is ₹200 to ₹210 per equity share.

What is the lot size of SRM Contractors Limited IPO?

The minimum bid (lot size) for SRM Contractors Limited IPO is N/A shares with an investment of approx ₹14,700 .

What is the allotment date of SRM Contractors Limited IPO?

The allotment date for SRM Contractors Limited IPO is 1 Apr, 2024.

What is the listing date of SRM Contractors Limited IPO?

The listing date for SRM Contractors Limited IPO is expected to be 3 Apr, 2024.

What is the GMP of SRM Contractors Limited IPO?

The latest Grey Market Premium (GMP) for SRM Contractors Limited IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

SRM Contractors Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK