SRM CONTRACTORS IPO Details Today, GMP Price, Date, Review

SRM CONTRACTORS IPO Details Today, GMP Price, Date, Review

OUR BUSINESS

SRM Contractors was incorporated in 2008 We are an engineering Construction and Development Company Engaged Primarily in The Construction of Roads Bridges, Tunnels, Slope Stabilisation Works and Other Miscellaneous Civil Construction Activities in The Union Territories Of Jammu & Kashmir and Ladakh.

As an EPC Contractor, The Scope of Our 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 in Accordance With the Contractual Provisions.

SRM CONTRACTORS IPO DATE & PRICE BAND DETAILS

IPO Open Date Mar 26, 2024
IPO Close Date Mar 28, 2024
IPO Size 6,200,000 shares (Approx ₹130.20 Cr)
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹200 to ₹210 Per Every Share
Fresh Issue 6,200,000 shares (Approx ₹130.20 Cr)
Lot Size 70 Shares
IPO Listing On BSE NSE
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here
Anchor Investor Click Here

SRM CONTRACTORS IPO MARKET LOT DETAILS

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 69 4,830 ₹1,014,300

OBJECTS OF ISSUE

  1.  Funding capital expenditure requirements for the purchase of equipment/machineries.
  2. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company.
  3. Funding the working capital requirements of our Company.
  4. Investment in Project Specific Joint Venture Projects.
  5. General Corporate Purpose.

SRM CONTRACTORS IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open Date Mar 26, 2024
IPO Close Date Mar 28, 2024
Basis of Allotment April 1, 2024
Refunds April 2, 2024
Credit to Demat Account April 2, 2024
IPO Listing Date April 3, 2024

SRM CONTRACTORS FINANCIAL REPORTS

₹ in Crores
Year Revenue Expense PAT
2023 ₹300.65 ₹275.60 ₹18.75
2022 ₹265.51 ₹242.21 ₹17.57
2021 ₹161.95 ₹151.11 ₹8.27

Qualitative Factors

  •  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-house Integrated Model.
  •  Experienced Promoters with Strong Management Team.

SRM CONTRACTORS IPO PEER COMPARISON

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per Revenue (₹ in Lakhs)
SRM Contactors Ltd 10 90.82 [●] 30.14 37.72 30,065.09
Man Infraconstruction Ltd. 2 4.47 32.72 14.61 30.60 88,096.76
ITD Cementation India Ltd 1 7.23 31.32 10.04 72.04 47,0058.03
Likhitha Infrastructure Ltd 5 15.22 20.19 24.01 63.39 35861.52
Udayshivakumar Infra Ltd 10 2.90 12.37 11.13 26.05 28790.71

OUR COMPANY PROMOTER

  • Sanjay Mehta
  • Ashley Mehta
  • Puneet Pal Singh

ABOUT THE COMPANY-

Independently and Through Project-Specific Joint Ventures, has Completed Thirty-Seven (37) Infrastructure Construction Projects having an Aggregate Contract Value of Rs. 77,088.00 lakhs.

  •  Thirty-One (31) Roads Projects.
  • Three (3) tunnel projects.
  • One (1) Slope Stabilisation Works and Two (2) other Miscellaneous Civil Construction Activities.
  • Out of the thirty-seven (37) projects Executed by Our Company.
  • Twenty-Nine (29) Infrastructure Construction Projects, Including Sub-Contracting Assignments, have been Executed independently by us and Eight (8) Projects have been Executed through Project Specific Joint Ventures.

SRM Contractors Clients Like-

  • National Highways & Infrastructure Development Corporation Limited –
  • Ministry of Road Transport & Highways, Government of India.
  • (NHIDCL), Konkan Railway Corporation Limited (KRCL).
  • Government of Jammu and Kashmir Economic Reconstruction Agency (ERA, Jammu).
  • Border Road Organisation (BRO).
  • Public Work (R&B) Department, Jammu & Kashmir (PWD, J&K).
  • Northern Railway.
  • Irrigation & Flood Control Department, J&K, J&K Rural Roads Development Agency (JKRRDA).

SRM CONTRACTORS COMPANY CONTACT DETAILS

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 REGISTAR

Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park, Next to
Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai
400093, India.
Telephone: +91 22 6263 8200
Facsimile: +91 22 6263 8299
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com

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