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SRM Contractors Ltd. IPO
NSE & BSE Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹210
Issue Price
₹210
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹210
GMP based
Lot Size
70
shares / lot
Min Amount
₹14,700
1 lot · 70 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
26 Mar 2024
Tue Completed
Done
Close Date
28 Mar 2024
Thu Completed
Done
Allotment
01 Apr 2024
Mon Completed
Done
Refund
02 Apr 2024
Tue Completed
Done
Demat Credit
02 Apr 2024
Tue Completed
Done
Listing Date
03 Apr 2024
Wed Completed
UPI Deadline: 28 Mar 2024
Issue Details
Pricing & Size
Issue Price
₹210 Face ₹10
Lot Size
70 shares
Min Investment
₹14,700
Total Issue Size
62,00,000 shares (aggregating up to ₹130.20 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
31,00,000 (50.00%)
NII / HNI
9,30,000 (15.00%)
Retail
21,70,000 (35.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
1,67,44,200 shares
Post-Issue Shareholding
2,29,44,200 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 70 ₹14,700
HNI / NII 14 980 ₹2,05,800
bHNI / bNII 69 4,830 ₹10,14,300
Objects of Issue
5 objectives
1
Funding capital expenditure requirements for the purchase of equipment/machinery;
2
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company;
3
Funding the working capital requirements of the company;
4
Investment in Project Specific Joint Venture Projects; and
5
General Corporate Purpose.
Lead Managers & Market Maker
Book Running Lead Managers
Interactive Financial Services Ltd.
IPO Timeline
Open
26 Mar
✓ Done
Close
28 Mar
✓ Done
Allotment
01 Apr
✓ Done
Listing
03 Apr
✓ Done
Registrar Details
Bigshare Services Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-6263 8200
Email
ipo@bigshareonline.com
Company Contact
Email
cs@srmcpl.com
Phone
+91 84918 77114
Address
Sector 3, Near BJP Head Office, Trikuta Nagar Jammu, Jammu and Kashmir, 180012
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹210
Est. Listing
₹210
Lot Size
70 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
SRM Contractors Ltd. LIVE
INR ·
vs Issue
Open
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| Price
Market Reference
IPO Issue Price
₹210
GMP
+₹0 (+0%)
GMP Est. Listing
₹210
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 31,00,000 (50.00%) ₹6,510.00 Cr
NII / HNI (Total) 9,30,000 (15.00%) ₹1,953.00 Cr
Retail Investors 21,70,000 (35.00%) ₹4,557.00 Cr
Total ** 62,00,000 (100.00%) ₹130,200.00 Cr
* Based on ₹210.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
31,00,000 (50.00%)
NII
9,30,000 (15.00%)
Retail
21,70,000 (35.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric31 Dec 202331 Mar 202331 Mar 2022
Revenue242.28300.65265.51
PAT21.0718.7517.57
EBITDA
Net Worth37.2463.1644.41
Total Assets168.87137.36120.22
Reserves67.4846.4142.89
Borrowings42.3247.1631.52
Key Financial Ratios
29.43%
ROCE
Return on Capital Employed
25.02%
RONW
Return on Net Worth
8.98%
PAT Margin
PAT / Revenue
0.50
D/E Ratio
Debt to Equity
4.17
P/BV
Price to Book Value
11.20
Pre EPS
EPS Pre-Issue
12.24
Post EPS
EPS Post-Issue
18.76
Pre P/E
P/E Pre-Issue
17.15
Post P/E
P/E Post-Issue
About SRM Contractors Ltd.

Established in 2008, 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 January 31, 2024, the company employed 275 full-time employees, consisting of specialists and workers.

Frequently Asked Questions
What is the issue price of SRM Contractors Ltd. IPO?
The issue price of SRM Contractors Ltd. IPO is ₹210 per share, face value ₹10.
What is the lot size?
Minimum lot size is 70 shares, requiring ₹14,700.
What are the IPO dates?
Opens 26 Mar 2024, closes 28 Mar 2024.
When is the listing date?
Tentative listing: 03 Apr 2024 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹210 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

SRM Contractors Ltd. IPO · Expected 01 Apr 2024

Check on Registrar
Post-IPO Timeline
Allotment Date
01 Apr 2024
Refund Initiation
02 Apr 2024
Demat Credit
02 Apr 2024
Listing Date
03 Apr 2024
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹210
Face ₹10
Lot Size
70
shares / lot
Min Amount
₹14,700
1 lot
Est. Listing
₹210
GMP +₹0
Key Dates
Open
26 Mar Done
Close
28 Mar Done
Listing
03 Apr Done
Registrar
Bigshare Services Pvt.Ltd.
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