May 20, 2024

 

Srm Contractors Ipo
Srm Contractors Ipo

SRM Contractors IPO Description – SRM Contractors is an engineering construction and development company primarily involved in constructing 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.

In the calendar year 2023, the organization is involved in the construction project named “Vijayak” (BRO) in the Union Territory of Ladakh. This project entails the realignment of road Zozila-Kargil-Leh (NH-1) between Pandrass-Pashkyum, with a net length of 27.10 km, to 2-lane specifications, with a total project cost of INR 205.68 crore.

SRM Contractors, both independently and through project-specific joint ventures, has completed 37 infrastructure construction projects with a combined contract value of INR 770.88 crore. These projects comprise 31 road projects, 3 tunnel projects, 1 slope stabilization works project, and 2 other miscellaneous civil construction activities. As of 30 September 2023, the company’s order book comprises 21 infrastructure construction projects.

The company’s major clients include the National Highways & Infrastructure Development Corporation Limited (NHIDCL) under the Ministry of Road Transport & Highways, Government of India, Konkan Railway Corporation Limited (KRCL), the Economic Reconstruction Agency (ERA, Jammu) under the Government of Jammu and Kashmir, the Border Road Organisation (BRO), the Rural Roads Development Agency (JKRRDA) in Jammu & Kashmir, and more.

SRM Contractors IPO Details

SRM Contractors IPO Dates 26 – 28 March 2024
SRM Contractors Issue Price INR 200 – 210 per share
Fresh issue 6,200,000 shares (INR 124 – 130.20 crore)
Offer For Sale NIL
Total IPO size 6,200,000 shares (INR 124 – 130.20 crore)
Minimum bid (lot size) 70 shares (INR 14,700)
Face Value  INR 10 per share
Retail Allocation 35%
Listing On BSE, NSE

 

SRM Contractors IPO Timetable

IPO Open Date Tuesday, March 26, 2024
IPO Close Date Thursday, March 28, 2024
Basis of Allotment Monday, April 1, 2024
Initiation of Refunds Tuesday, April 2, 2024
Credit of Shares to Demat Tuesday, April 2, 2024
Listing Date Wednesday, April 3, 2024

 

SRM Contractors IPO Financials Performance ( Results )

                                                                                                                                          All Amount in ₹ Crore

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
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
Net Worth 37.24 63.16 44.41 26.85
Reserves and Surplus 67.48 46.41 42.89 25.32
Total Borrowing 42.32 47.16 31.52 31.96

 

SRM Contractors IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

 

SRM Contractors IPO Lot Size

Application Lots 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 Subscription Status (Bidding Detail)

Category Subscription
QIB 0.00x
NII 0.00x
Retail 0.00x
Total 0.00x

 

SRM Contractors IPO GMP Live Update

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
26-03-2024 210.00 ₹70 line 3700/51800 ₹280 (0%) 26-Mar-2024 9:28
25-03-2024 210.00 ₹70 line 3700/51800 ₹280 (0%) 26-Mar-2024 0:29
24-03-2024 210.00 ₹68 line 3600/50400 ₹278 (32.38%) 25-Mar-2024 0:27
23-03-2024 210.00 ₹68  arrow up 3600/50400 ₹278 (32.38%) 24-Mar-2024 0:31
22-03-2024 210.00 ₹58  arrow up 3100/43400 ₹268 (27.62%) 23-Mar-2024 0:33
21-03-2024 210.00 ₹40  arrow up 2100/29400 ₹250 (19.05%) 22-Mar-2024 0:29
20-03-2024 210.00 ₹30  arrow up 1600/22400 ₹240 (14.29%) 21-Mar-2024 0:24
19-03-2024 210.00 ₹25 line 1300/18200 ₹235 (11.9%) 20-Mar-2024 0:24

SRM Contractors Offer Lead Manager

INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Phone: +91 079-46019796 / 98980 55647
Email: mbd@ifinservices.in
Website: www.ifinservices.in

 

SRM Contractors Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

SRM Contractors Contact Details

SRM CONTRACTORS LIMITED
Sector 3, Near BJP Head Office, Trikuta Nagar,
Jammu – 180012, Jammu and Kashmir, India
Phone: +91 84918 77114 / +0191 2472729
Email: cs@srmcpl.com
Website: www.srmcpl.com

 

 

SRM Contractors IPO FAQs

How many shares in SRM Contractors IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for SRM Contractors Public Offer?

The best way to apply for SRM Contractors public offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is SRM Contractors IPO GMP today?

SRM Contractors IPO GMP today is INR 30 per share.

What is SRM Contractors’ kostak rate today?

SRM Contractors kostak rate today is INR NA per application.

What is SRM Contractors Subject to Sauda rate today?

SRM Contractors Subject to Sauda rate today is INR 1,400 per application.

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