SRM Contractors Limited IPO

Mainboard

Civil Construction

Listed On: Apr 3, 2024 at ₹ 215.25(NSE)

₹ 14700 /70 Shares

Check Allotment

Price Summary

Last Closing

330.95 (57.6%)

52 Week High

348.45

52 Week Low

142.85

Last Update

22-Nov-2024 3:30 PM

SRM Contractors Limited IPO Details

26 Mar, 2024

Open Date

28 Mar, 2024

Close Date

01 Apr, 2024

Allotment Date

03 Apr, 2024

Listing Date

Issue Price

₹200-210 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

215.25(NSE)

Listing Date

2024-04-03

Market Lot

Retail : 70 Shares (₹14,700/-)
S-HNI : 980 Shares (₹2,05,800/-)
B-HNI : 4,830 Shares (₹10,14,300/-)

Lead Manager

Interactive Financial Services Ltd

Issue Size

6,200,000 shares(aggregating up to ₹130.20 Cr)

Retail Portion

35% (Number of Retail Applications: 31,000 Approx),
(Number of S-HNI Applications : 316 Approx),
(Number of B-HNI Applications : 633 Approx)

Subscription

86.57 times

IPO Docs

DRHP ANCHOR

SRM Contractors Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	1,240,100	930,000 620,000 310,000	2,170,000	4,340,180
Day 1 - 26-03-24 05:00 PM	1.57 x	6.25 5.09 x 8.57 x	3.52 x	3.55 x
Day 2 - 27-03-24 05:00 PM	2.40 x	44.65 41.41 x 51.13 x	13.70 x	17.10 x
Day 3 - 28-03-24 05:00 PM	59.59 x	214.94 220.57 x 203.67 x	46.97 x	86.57 x

Total No. of Applications: 14,21,306 (Approx)

SRM Contractors Limited Valuations

EPS Pre IPO

₹11.2/-

EPS Post IPO

₹12.24/-

P/E Pre IPO

18.76

P/E Post IPO

17.15

RoNW

25.02%

SRM Contractors Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	137.36	120.22	112.47
Revenue	300.65	265.51	161.95
Profit After Tax	18.75	17.57	8.27
Net Worth	63.16	44.41	26.85
Reserves & Surplus	46.41	42.89	25.32
Total Borrowing	47.16	31.52	31.96

About The Company

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 operates as an EPC contractor and on a unit-price basis for infrastructure projects and subcontracts infrastructure construction projects.

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.
Other miscellaneous civil construction activities: construction of government housing and residential units, drainage work as well as irrigation and flood protection work.

As of March 2024, the company has completed 37 infrastructure construction projects with a total contract value of Rs. 77,088.00 lakhs including 31 road construction projects,3 tunnel projects,1 slope stabilization project, and 2 miscellaneous construction works. Out of the 37 projects 29 infrastructure construction projects, including sub-contracts, were undertaken by the company independently and 8 projects were undertaken through project-specific joint ventures.

As on September 15,2023, the company employed 293 full-time employees, consisting of specialists and workers.

SRM Contractors Limited - Promoter(s)

Pre Issue Share Holding: 99.92%

Post Issue Share Holding: N/A%

Company Promoter(s)

Sanjay Mehta
Ashley Mehta
Puneet Pal Singh

SRM Contractors Limited IPO - Issue Objectives

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.

SRM Contractors Limited IPO - Anchor Investors

SRM Contractors mobilises Rs 39 crore from anchor investors ahead of IPO.

Neomile Growth Fund - Series I was the largest institutional investor in the anchor book, picking 9.05 lakh equity shares worth Rs 19 crore, while Saint Capital Fund, and Astorne Capital VCC - Arven bought 4.77 lakh equity shares each worth Rs 10 crore.

Other Details

Company Contact Details

SRM Contractors Limited

Sector 3, Near BJP Head Office, Trikuta Nagar, Jammu -180012

Phone: +91 84918 77114

Email: cs@srmcpl.com

Website: https://srmcpl.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

SRM Contractors Limited IPO - FAQs

Ans. SRM Contractors Limited IPO is a Mainboard IPO. The issue is priced at ₹200-210 per equity share. The minimum order quantity is 70 Shares. The IPO opens on Mar 26, 2024, and closes on Mar 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The SRM Contractors Limited IPO opens on Mar 26, 2024 and closes on Mar 28, 2024.

Ans. The size of SRM Contractors Limited IPO is 6,200,000 shares(aggregating up to ₹130.20 Cr).

Ans. The IPO price band is set between ₹200-210 per equity share.

Ans. To apply for SRM Contractors Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find SRM Contractors Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of SRM Contractors Limited IPO is Apr 1, 2024.

Ans. The SRM Contractors Limited IPO will be listed on Apr 3, 2024.

Ans. Follow the steps to check the allotment status for SRM Contractors Limited IPO here.