SRM Contractors
SRM Contractors Info
Details about the SRM Contractors IPO. Opening Date of SRM Contractors is 26 Mar 24 and Closing Date is 28 Mar 24 . Face Value of Each share of SRM Contractors is ₹10 per share. Price band of SRM Contractors is ₹200 to ₹210. The Lot size of SRM Contractors is 70 shares. Total issue size of SRM Contractors IPO is ₹130.2 cr. Fresh Issue of SRM Contractors IPO is 130.2 cr. This is a Book Building IPO. Expected to list on NSE & BSE. Share Holding Pre Issue of SRM Contractors is 16,744,200. Share Holding Post Issue of SRM Contractors is 22,944,200.
Business Summary
SRM Contractors is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh.
Company undertake construction works both as an EPC contractor and on an item rate basis for infrastructure projects. Company also undertakes sub-contracting assignments of infrastructure construction projects.
Company has a track record of successful execution of road, tunnel and slope stabilization projects in the difficult terrain of union territories of Jammu & Kashmir and Ladakh
SRM Contractors IPO Details
| Open Date | 26 Mar 24 |
|---|---|
| Close Date | 28 Mar 24 |
| Face Value | ₹10 per shares |
| Price Band | ₹200 - ₹210 |
| Lot Size | 70 Shares |
| Total issue Size | 6,200,000 Shares ₹130.2 cr |
| Fresh Issue | 6,200,000 Shares ₹130.2 cr |
| Issue Type | Book Building |
| Listing At | NSE & BSE |
| Share Holding Pre Issue | 16,744,200 |
| Share Holding Post Issue | 22,944,200 |
| RHP , DHRP | View RHP, View DRHP |
SRM Contractors IPO Timeline
The SRM Contractors Initial Public Offering (IPO) is set to open on 26 Mar 24 and will end its subscription phase on 28 Mar 24. You can check your allotment status for SRM Contractors on 01 Apr 24. The refund process for your funds will start promptly on 02 Apr 24. SRM Contractors IPO credit of shares will be on 02 Apr 24. The listing date for SRM Contractors is on 03 Apr 24.
Open Date
Close Date
Basis Of Allotment
Initiation of Refund
Credit of Share
Listing Date
SRM Contractors IPO Reservation
The SRM Contractors IPO reserves shares for different investor categories. Approximately Not more than 50% of the Net Issue will be available for QIB, Not less than 15% of the Net Issue will be available for NII, Not less than 35% of the Net Issue will be available for Retail,
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
SRM Contractors IPO Lot Size
Bids can be made for minimum of 70 shares and in multiple of 70 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | 14,700 |
| Retail (Max) | 13 | 910 | 191,100 |
| S-HNI (Min) | 14 | 980 | 205,800 |
| S-HNI (Max) | 68 | 4,760 | 999,600 |
| B-HNI (Min) | 69 | 4,830 | 1,014,300 |
SRM Contractors IPO Promoters Holding
Promoters holding details for SRM Contractors in the current issue is as follows: The share holding of promoters before the issue stands at 99.92%, and after the issue, it has been adjusted to -%.
Promoters of SRM Contractors are Sanjay Mehta, Ashley Mehta, Puneet Pal Singh,
| Share Holding Pre Issue | 99.92% |
|---|---|
| Share Holding Post Issue | -% |
SRM Contractors Financial Information
Financial performance details for SRM Contractors over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 31 Dec 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 168.87 | 137.36 | 120.22 | 112.47 |
| Revenue | 242.28 | 300.65 | 265.51 | 161.95 |
| Profit After Tax | 21.07 | 18.75 | 17.57 | 8.27 |
SRM Contractors IPO Key Performance Indicator
Key Performance Indicators (KPIs) for SRM Contractors are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 18.7 |
| ROCE | 29.43% |
| RoNW | 25.02% |
| EPS (Rs) | 11.2 |
Object of the Issue
- • Funding capital expenditure requirements for the purchase of equipment/machineries
- • Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by Company
- • Funding the working capital requirements of the Company
- • Investment in Project Specific Joint Venture Projects
- • General Corporate Purpose
Contact Details for SRM Contractors
Phone
Office
Sector 3, Near BJP Head Office, Trikuta Nagar, Jammu -180012 Jammu and Kashmir, India
Registrar Details for SRM Contractors
Bigshare Services Pvt Ltd
Phone
Office
S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 MH, India.
Lead Manager
- • Interactive Financial Services Ltd