
SRM Contractors Limited
Mainboard₹14,700 / 70 Shares
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 REVIEWSRM 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,700 |
| Retail (Max) | 13 | 910 | ₹1,91,100 |
| S-HNI (Min) | 14 | 980 | ₹2,05,800 |
| S-HNI (Max) | 68 | 4760 | ₹9,99,600 |
| B-HNI (Min) | 69 | 4830 | ₹10,14,300 |
SRM Contractors Limited IPO Timeline
Issue Price
₹200-210 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdLead Manager
Interactive Financial Services LtdIssue Size
6,200,000 shares(aggregating up to ₹130.20 Cr)SRM Contractors Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 137.36 | 300.65 | 18.75 | 63.16 | 46.41 | 47.16 |
| 31 Mar 22 | 120.22 | 265.51 | 17.57 | 44.41 | 42.89 | 31.52 |
| 31 Mar 21 | 112.47 | 161.95 | 8.27 | 26.85 | 25.32 | 31.96 |
All values are in ₹ Cr.
SRM Contractors Limited IPO Valuations
EPS Pre IPO
₹11.2/-EPS Post IPO
₹12.24/-PE Pre IPO
18.76PE Post IPO
17.15ROE
-ROCE
29.43%Debt Equity
0.50RoNW
25.02%PAT Margin
8.98Price to Book Value
4.17Promoters & Share Holding
Promoter(s) Name
- Sanjay Mehta
- Ashley Mehta
- Puneet Pal Singh
| Share Holding Pre Issue | Share 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.
SRM Contractors Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 1,240,100 | 930,000 620,000 310,000 | 2,170,000 | 4,340,180 |
Day 1 -26-03-24 05:00 PM | 1.57 x | 6.25 5.09 x 8.57 x | 3.52 x | 3.55 x |
Day 2 -27-03-24 05:00 PM | 2.40 x | 44.65 41.41 x 51.13 x | 13.70 x | 17.10 x |
Day 3 -28-03-24 05:00 PM | 59.59 x | 214.94 220.57 x 203.67 x | 46.97 x | 86.57 x |
Company Contact Details
SRM Contractors Limited
Sector 3, Near BJP Head Office, Trikuta Nagar, Jammu -180012Registrar Contact Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
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.
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.
