SRM Contractors Ltd
Price Range
₹200 - ₹210
Min. Quantity
70
Closes on
28 March 2024
Min. investment
₹14,700/910 Shares
SRM Contractors Ltd IPO Timeline
SRM Contractors Ltd was incorporated on September 4, 2008 as SRM Contractors Private Limited', issued by the Registrar of Companies, Jammu. Subsequently, Company was converted to Public Company and the name of Company changed to 'SRM Contractors Limited', pursuant to a fresh Certificate of Incorporation dated August 11, 2023 issued by the Registrar of Companies, Jammu.
| Event | Date |
|---|---|
| SRM Contractors Ltd IPO Opening Date | 26 March 2024 |
| SRM Contractors Ltd IPO Closing Date | 28 March 2024 |
| Basis of Allotment | 1 April 2024 |
| Initiation of Refunds | 2 April 2024 |
| Credit of Shares to Demat | 2 April 2024 |
| SRM Contractors Ltd IPO Listing Date | 3 April 2024 |
SRM Contractors Ltd IPO Details
| SRM Contractors Ltd IPO Date | 26 March 2024 to 28 March 2024 |
| SRM Contractors Ltd IPO Face Value | ₹10 per share |
| SRM Contractors Ltd IPO Price | ₹200 to ₹210 per share |
| SRM Contractors Ltd IPO Lot Size | 70 |
| Issue Size | Shares of ₹10 (aggregating up to ₹130.2 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹130.2 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 12,40,100 of the Net Offer |
| Retail Shares Offered | Not less than 21,70,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 9,30,000 of the Net Offer |
| Company Promoters | Sanjay Mehta, Ashley Mehta, Puneet Pal Singh |
SRM Contractors Ltd IPO Lot Size
The SRM Contractors Ltd IPO lot size is 70 shares. A retail-individual investor can apply for up to 13 lots (910 shares or ₹1,91,100).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 70 | ₹14,700 |
| Maximum | 13 | 910 | ₹1,91,100 |
- Strengths
- Risks
- Opportunities
- Proven track record of efficient execution of roads, tunnels and slope stabilisation works in the difficult terrain of union territory of Jammu and Kashmir.
- Efficient business model of selecting and clustering of our projects in the union territories of Jammu & Kashmir and Ladakh.
- Continuous Focus on equipment ownership.
- Strong financial performance in the last three financial years.
- In-house integrated model.
- Experienced Promoters with strong management team.
Company Financials
SRM Contractors Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 230.63 | 345.22 | 22.17 |
| 03-2023 | 136.45 | 301.07 | 19.16 |
| 03-2022 | 119.93 | 265.07 | 18.30 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure requirements for the purchase of equipment/machineries
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company
- Funding the working capital requirement
- Investment in joint venture projects
- General corporate purposes
SRM Contractors Ltd IPO Promoter Holding
| Pre Issue Share Holding | 84.99% |
| Post Issue Share Holding | 62.02% |
SRM Contractors Ltd IPO Subscription Status (Bidding Detail)
The SRM Contractors Ltd IPO is subscribed 86.57 times on 28 March 2024 05:00:00 PM. The public issue subscribed 46.97 times in the retail category, 59.59 times in the QIB category, and 214.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 59.59 | 214.94 | 46.97 | - | 86.57 |
SRM Contractors Ltd IPO Prospectus
SRM Contractors Ltd IPO Listing Date
| Listing Date | 3 April 2024 |
| BSE Script | 544158 |
| NSE Symbol | SRM |
| Listing In | BSE, NSE |
| ISIN | INE0R6Z01013 |
| IPO Price | ₹210 |
| Face Value | ₹10 |
Company Contact Information
Sector 3 Near BJP Head OfficeTrikuta Nagar,Jammu-180012
Phone: +91 84918 77114/+0191 2472729
Email: cs@srmcpl.com
Website: www.srmcpl.com
SRM Contractors Ltd IPO Registrar
SRM Contractors Ltd IPO Lead Manager(s)
- Interactive Financial Services Ltd
FAQ
What is the issue size of SRM Contractors Ltd IPO?
I have pre-applied for SRM Contractors Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.