SRM Contractors IPO Details
| IPO Size | 130.20 |
| Price Range | ₹200 to ₹210 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 70 |
| Investment (cut-off price) | ₹14,700 |
| Pre IPO Promotor Holding | 99.92% |
| Post IPO Promotor Holding | 72.92% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
SRM Contractors IPO Timelines
26/03/2024
Start Date28/03/2024
End Date02/04/2024
Refund Initiation02/04/2024
Credit of Shares to Demat Ac03/04/2024
Listing DateSRM Contractors IPO Lot Size
| 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 Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 59.59 x | 214.94 x | 46.97 x | -- | 214.94 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹215.25 | ₹226 | ₹226 | ₹215.25 |
SRM Contractors IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹161.95 | ₹151.11 | ₹8.27 |
| FY 2022 | ₹265.51 | ₹265.51 | ₹17.57 |
| FY 2023 | ₹300.65 | ₹275.60 | ₹18.75 |
About Company
SRM Contractors Limited is an engineering construction and development firm that undertakes civil construction activities. It is involved in constructing roads, including bridges, tunnels, and slope stabilization works. The company serves as an EPC contractor and offers item rate-based services for infrastructure projects, along with undertaking subcontracting assignments.
SRM Contractors Limited primarily operates in the Union Territories of Jammu & Kashmir and Ladakh. The company operates through these main business verticals, road projects, tunnel projects and slope stabilization works. It also undertakes other miscellaneous civil construction activities: such as drainage works and construction of government housing and residential units.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2008 | Infrastructure | Sanjay Mehta |
Know Before Investing
SRM Contractors IPO Strengths
- The company has a proven track record of efficient execution of roads, tunnels and slope stabilisation works in the union territory of Jammu and Kashmir.
- It has a business model of focusing, selecting and clustering its projects in the Union Territory of Jammu and Kashmir and Ladakh,
- which is its strength.
- It focuses on the timely delivery of quality infrastructure development and construction projects.
- Its track record of good financial performance is a big plus.
- The company has an in-house integrated model, which helps reduce dependency on third parties.
- Skilled and experienced management team.
SRM Contractors IPO Risks
- The business is concentrated in the Union Territory of Jammu & Kashmir and Ladakh.
- The business is subject to seasonal and other fluctuations.
- A majority of its revenues are derived from projects from government authorities.
- It is a highly working capital-intensive business.
- It has reported negative cash flow in the past.
Swot Analysis for SRM Contractors IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Details
SRM Contractors Limited
Sector 3,
Near BJP Head Office,
Trikuta Nagar, Jammu -180012
Phone: +91 84918 77114
Email: [email protected]
Website: https://srmcpl.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of SRM Contractors IPO are:
- Funding capital expenditure requirements for the purchase of equipment/machineries.
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by their Company.
- Funding the working capital requirements of their Company.
- Investment in Project Specific Joint Venture Projects.