SRM Contractors Ltd

Construction

Offer Period :

26th to 3rd Mar 2024

SRM Contractors Ltd IPO Details

IPO Date 26th to 3rd Mar 2024 Minimum Investment ₹14700 / 1 Lots
Listing Date 2024-04-03 Maximum Investment ₹191100 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹130.2 Crores
Price ₹210 to ₹210 per share Fresh Issue ₹130.2 Crores
Lot Size 1 Lots (70 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 26th to 3rd Mar 2024
Listing Date 2024-04-03
Face Value ₹10 per share
Price ₹210 to ₹210 per share
Lot Size 1 Lots (70 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14700 / 1 Lots
Maximum Investment ₹191100 / 13 Lots
Total Issue Size ₹130.2 Crores
Fresh Issue ₹130.2 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

26th Mar

IPO Starts

28th Mar

IPO Ends

1st Apr

Allotment Date

2nd Apr

Initiation of Refund

2nd Apr

Credit of Shares to Demat Account

3rd Apr

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 90.37 0
Public Group 9.63 100

SRM Contractors Ltd IPO Reservation

QIB Shares Offered 3100000(50%)
NII (HNI) Shares Offered 930000(15%)
Retail Shares Offered 2170000(35%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 6200000
Total Shares With Anchor Investor 6200000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

SRM Contractors Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22-6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

SRM Contractors Ltd IPO Lead Manager

1. Interactive Financial Services Ltd

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SRM Contractors Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of SRM Contractors Ltd

1. Proven track record of efficient execution of roads, tunnels and slope stabilisation works in the difficult terrain of union territory of Jammu and Kashmir.

2. Efficient business model of selecting and clustering of our projects in the union territories of Jammu & Kashmir and Ladakh.

3. Continuous Focus on equipment ownership.

4. Strong financial performance in the last three financial years.

5. In-house integrated model.

6. Experienced Promoters with strong management team.

Risks Involved

1. The company's business is concentrated in the Union Territory of Jammu & Kashmir and Ladakh and the company is exposed to risks emanating from economic, regulatory and other changes in the Union Territory of Jammu & Kashmir and Ladakh.

2. Its revenue is majorly concentrated from projects undertaken or awarded by government authorities in Union Territory of Jammu & Kashmir and Ladakh. Any adverse changes in the central or policies in the Union Territory of Jammu & Kashmir and Ladakh may lead to its contracts being foreclosed, terminated, restructured or renegotiated, which may have a material effect on its business and results of operations.

3. The company derives a significant portion of its revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospects.

4. The company may have certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.

5. The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.

6. Infrastructure projects are typically awarded to it on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. The company business and its financial condition may be adversely affected if new infrastructure projects are not awarded to it or if contracts awarded to the company is prematurely terminated.

7. Its business is working capital intensive involving relatively long implementation periods. The company requires substantial financing for its business operations. The company indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect the company ability to conduct its business.

8. The company derives majority of its revenues from construction of Roads, Tunnel and Slope Stabilisation work and the company financial condition would be materially and adversely affected if its fail to obtain new Roads, Tunnel and slope stabilisation work or its current Roads, Tunnel and Slope Stabilisation work are terminated.

9. The Company, its Promoters, its Directors and its Joint Ventures are involved in litigation proceedings that may have a material adverse outcome.

10. The company Promoters have issued personal guarantees and/or mortgaged their property in relation to debt facilities availed by it, which if revoked, may requires alternative guarantees, repayment of amounts due or termination of the facilities.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 137.36 120.22 112.47
Total Liabilities 137.36 120.22 112.47
Total Expenses 275.6 242.21 151.11
Total Revenue 
300.65 265.51 161.95
Profit After Tax 18.75 17.57 8.27
EBITDA 38.66 32.01 18.33
Adjusted EBITDA 0 0 0

SRM Contractors Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-04-03 544158 SRM
INE0R6Z01013
₹210 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹210 ₹210
Open ₹225 ₹215.25
Low ₹213.75 ₹215.25
High ₹236.2 ₹226
Low ₹213.75 ₹215.25

Frequently Asked Questions

What is SRM Contractors Ltd IPO?

Answer Field

SRM Contractors Ltd IPO is a Mainboard IPO of 62,00,000 equity shares of a face value of ₹10 aggregating up to ₹130.2 Crores. The issue is priced at ₹210 to ₹210 per share. The minimum order quantity is 70 Shares. The IPO opens on March 26, 2024, and closes on March 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When SRM Contractors Ltd IPO will open?

Answer Field

The SRM Contractors Ltd IPO opens on March 26, 2024 and closes on March 28, 2024.

What is the lot size of SRM Contractors Ltd?

Answer Field

SRM Contractors Ltd lot size is 70 shares, and the minimum amount required is ₹14,700.

How to apply for SRM Contractors Ltd IPO?

Answer Field

You can apply in SRM Contractors Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is SRM Contractors Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for SRM Contractors Ltd IPO will be done on April 01, 2024, and the allotted shares will be credited to your demat account by April 02, 2024.

When is SRM Contractors Ltd IPO listing date?

Answer Field

The SRM Contractors Ltd listing date is April 03, 2024.

Who is the registrar of SRM Contractors Ltd IPO?

Answer Field

The registrar of SRM Contractors Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Interactive Financial Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of SRM Contractors Ltd IPO?

Answer Field

The fresh issue size is ₹130.2 Crores equity shares.

What minimum lot size can retail subscribers subscribe to SRM Contractors Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 70 shares and ₹14,700 amount.

How can I approve the UPI mandate request for SRM Contractors Ltd IPO?

Answer Field

To apply for SRM Contractors Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of SRM Contractors Ltd?

Answer Field

The price of each SRM Contractors Ltd share will be ranging in between ₹210 to ₹210 per share.

What is the cut-off time for the UPI mandate for SRM Contractors Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 28, 2024.

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