SRM Contractors Limited IPO is a MAIN BOARD IPO. They are going to raise ₹130.20 Crores via IPO. The issue is priced at ₹200 to ₹210 per equity share. The IPO is to be listed on NSE, BSE
Krystal Integrated Services Limited IPO opens for subscription on March 26, 2024. and closes on March 28, 2024. The allotment for the SRM Contractors Limited IPO is expected to be finalized on April 01, 2024. SRM Contractors Limited IPO will list on BSE, NSE with tentative listing date fixed as 03 April 2024.
| IPO Details | Allotment |
| Minimum Investment ₹14,700 / 1– Lot (70 shares) | Price Range ₹200-₹210 | |
| Max Quantity 13-Lots/ (910 Shares) | Max Investment ₹191,100 | Retail Discount ₹0 |
| Investor category and sub category Individual- HNI & Retail | Issue Size 130.20 Cr | Employee Discount ₹0 |
| Total Issue Size 6,200,000 Shares (Aggregating up to ₹130.20 Cr) | Share Holding Pree Issue 16,744,200 | Issue Type Book build Issue IPO |
| Fresh Issue Share 6,200,000 Shares (Aggregating up to ₹130.20 Cr) | Share Holding Post Issue 22,944,200 | Listing At BSE, NSE |
| Offer For Sale | Face value ₹10 |
IPO Dates
| Offer Starts | 26 March 2024 |
| Offer Ends | 28 March 2024 |
| Allotment | 01 April 2024 |
| Refunds | 02 April 2024 |
| Credit of shares to Demat account | 02 April 2024 |
| IPO Listing | 03 April 2024 |
About SRM Contractors Limited
Established in 2008, 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 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.
They are an ISO 9001:2015 certified company and are also registered as a class A contractor with the Public Work (R&B) Department, Jammu & Kashmir. They are pre-qualified to bid independently on projects, tendered by departments of governmental authorities and other entities funded by the GoI, of contract value up to ₹30,000 lakhs and ₹50,000 lakhs for EPC contracts for the construction of roads (including bridges) and construction of tunnel respectively. As a result of the growth of their road and tunnel construction business as well as the recent 163 government initiatives and support to develop the infrastructure of union territories of Jammu & Kashmir and Ladakh, they have further forayed into executing other infrastructure projects such as standalone bridges, larger slope stabilization works, and other miscellaneous civil construction activities to capitalize on such rising opportunities.
As an EPC contractor, the scope of their services includes detailed engineering of the project, procurement of construction materials, plant and machinery, construction and execution of the project, and its operation and maintenance by the contractual provisions. Their manpower, resources, and fleet of machinery and equipment, together with their engineering capabilities, enable them to execute a large number of projects simultaneously. They believe that their resources, quality of work, and project execution skills have enabled them to enhance their relationships with existing clients and help them to further secure projects from new clients.
| Incorporated in | Managing Director |
| 2008 | Mr. Sanjay Metha |
SRM Contractors Limited IPO Prospectus
| . | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
SRM Contractors Limited IPO Lot Size
SRM Contractors Limited IPO minimum market lot is 70 shares with ₹14,700 application amount. The retail investors can apply up-to 13 lots with 710 shares or ₹191,100 amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 20 | ₹14,700 |
| Retail (Max) | 13 | 910 | ₹191,100 |
| S-HNI (Min) | 14 | 980 | ₹205,800 |
| S-HNI (Max) | 68 | 4,760 | ₹999,600 |
| B-HNI (Min) | 69 | 4,830 | ₹1,014,,300 |
Share Holding
Sanjay Mehta, Ashley Mehta, and Puneet Pal Singh are the company’s promoters.
| Share Holding Pre-Issue | 99.92% |
| Share Holding Post-Issue |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹300.65 | ₹265.51 | ₹161.95 |
| Assets | ₹136.37 | ₹120.22 | ₹112.47 |
| Profit | ₹18.75 | ₹17.57 | ₹8.27 |
| All values are in Rs. Cr |
Fundamentals
| Values | Values | ||
| Market cap | 481.83Cr | ROE | 29.43% |
| P/E (X) | 18.76 | ROCE | % |
| POST P/E (X) | 17.15 | EPS | 11.2 |
| Debt to Equity | 0.5 | RONW | 25.02% |
Objects of the Issue
- 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.
- General Corporate Purpose.
Brokerage Firm IPO Review
- To be updated soon
| SRM Contractors Limited Contact Details | |
| Address | SRM Contractors Limited Sector 3, Near BJP Head Office, Trikuta Nagar, Jammu -180012 |
| Phone: | +91 84918 77114 |
| cs@srmcpl.com | |
| Website | https://srmcpl.com/ |
| SRM Contractors Limited IPO Lead Managers | |
| Address | Interactive Financial Services Ltd A – 1006, Premium House, B/h Handloom House, Ashram Road, Ahmedabad – 380009 |
| Phone: | +91-79-2658 1240 |
| info@iFinServices.com | |
| Website | http://ifinservices.com/ |
| SRM Contractors Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
| SRM Contractors Limited IPO Allotment Status Check |
| IPO Allotment Status Check Click Here |
SRM Contractors Limited IPO FAQs
What is SRM Contractors Limited IPO?
- SRM Contractors Limited IPO is a MAIN BOARD IPO. They are going to raise ₹130.20 Crores via IPO. The issue is priced at ₹200 to ₹210 per equity share. The IPO is to be listed on NSE, BSE
When SRM Contractors Limited IPO will open?
- The IPO is to open on March 26, 2024, for QIB, NII, and Retail Investors.
What is SRM Contractors Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is SRM Contractors Limited IPO Size?
- SRM Contractors Limited IPO size is ₹130.20 crores.
What is SRM Contractors Limited IPO Price Band?
- SRM Contractors Limited IPO Price Band is ₹200 To ₹210 per equity share.
What is SRM Contractors Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1-Lot (70 Shares) with ₹14,700 and Maximum Lot Size 13-Lots (910 Shares) with ₹191,100
What is SRM Contractors Limited IPO Allotment Date?
- SRM Contractors Limited IPO allotment date is April 01, 2024.
What is SRM Contractors Limited IPO Listing Date?
- SRM Contractors Limited IPO listing date is April 03, 2024. The IPO to list on NSE, BSE.