The construction and development company SRM Contractors IPO will be hit the market 26 March 2024 and closes on 28 March 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹130.20 crore through IPO via fresh issue.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
SRM Contractors Limited is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works, and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh.
The company undertakes construction works both as an EPC contractor and on an item-rate basis for infrastructure projects. The company also undertakes sub-contracting assignments for infrastructure construction projects. You can check SRM Contractors IPO GMP here.
- Road Projects – The roads division undertakes the designing and construction of realignment, widening, upgradation, restoration, and/or strengthening and improvements of roads & highways, construction of bridges and their maintenance in the difficult terrain of the Union Territories of Jammu & 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.
| Read also: Upcoming IPO List 2024 |
The company has emerged as a key player in the infrastructure construction industry in the Union Territories of Jammu & Kashmir and Ladakh and has developed technical capabilities to execute projects in hilly/ challenging terrain in the region. You can check SRM Contractors IPO subscription status here.
Object 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 our company.
- Funding the working capital requirements of our company.
- Investment in Project Specific Joint Venture Projects.
- General Corporate Purpose.
Company Strengths :
- Proven track record of efficient execution of roads, tunnels, and slope stabilization works in the difficult terrain of the union territory of Jammu and Kashmir.
- 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 a strong management team.
SRM Contractors IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹21.07 Cr ₹210 /EQ 12.58 16.69x 28.59 % 25.02 % 29.43 % 0.50 ₹50.31 ₹168.87 Cr ₹481.83 Cr 99.92 % – % |
| Team Review : | ✔ Apply For Long Term |
SRM Contractors IPO Date & Price Band & Details :
| IPO Date : | March 26, 2024 to March 28, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹200 – ₹210 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹130.20 Cr {6,200,000 Shares} |
| Fresh Issue : | ₹130.20 Cr {6,200,000 Shares} |
SRM Contractors IPO Market Lot :
SRM Contractors IPO Minimum Market lot is 1 Lot with 70 shares with ₹14700 Application amount. The retail investors can apply up to 13 lots with 910 Shares or ₹191,100 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 70 | ₹14,700 |
| Retail Maximum : | 13 | 910 | ₹191,100 |
| S-HNI Minimum : | 14 | 980 | ₹205,800 |
| S-HNI Maximum : | 68 | 4760 | ₹999,600 |
| B- HNI Minimum : | 69 | 4830 | ₹1,014,300 |
SRM Contractors IPO Reservation :
SRM Contractors IPO total Reservation of 6,200,000 shares are to be bid for the public issue by SRM Contractors IPO with 3,100,000 for QIB 930,000 for NII 2,100,000 for RII.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 3,100,000 | ₹65.10 |
| NII : | 15% | 930,000 | ₹19.53 |
| RII : | 35% | 2,170,000 | ₹45.57 |
| Total : | 100% | 6,200,000 | ₹130.20 |
SRM Contractors IPO EPS & RoNW :
The SRM Contractors company’s EPS & RoNW growth Increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 Dec | ₹12.58 | 25.02 | ₹50.31 |
| 2023 | ₹90.82 | 29.68 | ₹37.72 |
| 2022 | ₹85.11 | 39.55 | ₹291.78 |
| 2021 | ₹40.08 | 30.81 | ₹176.37 |
SRM Contractors IPO Peer Comparison PE :
The SRM Contractors, According to the RHP of the company few company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| Man Infra construction limited | 46.87 |
| ITD cementation India | 46.56 |
| Likhitha Infrastructure | 17.42 |
| Udayshivakumar Infra | 21.17 |
SRM Contractors IPO Dates :
SRM Contractors IPO Date is March 26, 2024, and closes on March 28, 2024. The allotment will be finalized on April 01, 2024, and the IPO may list on April 03, 2024.
| Anchor Date : | 25 March 2024 |
| Open Date : | 26 March 2024 |
| Close Date : | 28 March 2024 |
| Allotment Date : | 01 April 2024 |
| Refund Date : | 02 April 2024 |
| Share Credit Date : | 02 April 2024 |
| Listing Date : | 03 April 2024 |
SRM Contractors IPO Form :
There are two ways to apply in SRM Contractors IPO. You can apply for SRM Contractors IPO through ASBA available in your bank account. You have to go to your online bank login select SRM Contractors IPO in the Invest section and apply through your bank account. Another option is you apply for SRM Contractors IPO through an IPO form download through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
SRM Contractors Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 Dec | ₹242.28 | ₹214.12 | ₹21.07 |
| 2023 | ₹300.65 | ₹275.60 | ₹18.75 |
| 2022 | ₹265.51 | ₹242.21 | ₹17.57 |
| 2021 | ₹161.95 | ₹151.11 | ₹8.27 |
Company Promoters :
■ Sanjay Mehta
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
SRM Contractors IPO Lead Managers :
■ Interactive Financial Services Limited
SRM Contractors IPO Registrar :
Bigshare Services Private Limited
Office No. S6-2, 6th Floor
Pinnacle Business Park, Next to Ahura Center
Mahakali Caves Road, Andheri East
Mumbai-400093
Tel: +91 22-6263 8200
Contact Person: Babu Rapheal C.
Website: www.bigshareonline.com
E-mail: [email protected]
Note: Check SRM Contractors IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
SRM Contractors Limited
Sector 3, Near BJP Head Office,
Trikuta Nagar, Jammu – 180012,
Jammu and Kashmir, India
Tel: +91 84918 77114 / + 0191 2472729
Website: www.srmcpl.com
SRM Contractors IPO FAQs :
What is SRM Contractors IPO?
SRM Contractors IPO is a mainstream IPO. They are going to raise ₹130.20 Crores via IPO. The issue is priced at ₹200-₹210 per equity share. The IPO is to be listed on NSE, and BSE.
When SRM Contractors IPO will open?
The IPO is to open from March 26, to March 28, 2024, for QIB, NII & RII.
What is SRM Contractors IPO Size?
SRM Contractors IPO size is ₹130.20 Crores.
What is the Fresh issue size of SRM Contractors IPO?
The Fresh issue size of SRM Contractors IPO ₹130.20 Cr.
What is the SRM Contractors IPO Price Band?
SRM Contractors IPO Price Band is ₹200-₹210 Per share.
What is SRM Contractors IPO Minimum and Maximum Lot Size?
The minimum 70 Shares have ₹14,700 amount while the maximum 910 shares with ₹191,100.
What is SRM Contractors IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is SRM Contractors IPO Allotment Date?
SRM Contractors IPO allotment date is April 01, 2024.
What is SRM Contractors IPO Listing Date?
SRM Contractors IPO listing date is April 03, 2024. The IPO is to be listed on NSE, and BSE.
How to Apply the SRM Contractors IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “SRM Contractors IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the SRM Contractors IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “SRM Contractors IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the SRM Contractors IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “SRM Contractors IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the SRM Contractors IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “SRM Contractors IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| SRM Contractors IPO GMP: Click Here SRM Contractors IPO Subscription: Click Here SRM Contractors IPO Allotment: Click Here SRM Contractors IPO Listing: Click Here SRM Contractors IPO Web Story: Click Here |
All SRM Contractors IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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