The SRM Contractors IPO date has been confirmed from March 26, 2024, and closes on March 28, 2024. Read the post to learn about SRM Contractors IPO GMP.
SRM Contractors Developers IPO is valued at a fixed price issue of ₹130.20 crores. If you’re looking to buy you can purchase one share at ₹200 to ₹210 per share. The minimum lot size for an application is 70 Shares. All retail investors should invest a minimum of ₹14,700. The minimum lot size investment for sNII is 14 lots (980 shares), amounting to ₹205,800, and for bNII, it is 69 lots (4,830 shares), amounting to ₹1,014,300. The success of an IPO is contingent upon whether a company can provide its followers with healthy growth.
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Bidding Dates
March 26-28
Price Range
₹200 to ₹210 per share
Face Value
₹10 per share
GMP
₹125
SRM Contractors IPO GMP
The SRM Contractors IPO GMP Today is ₹125.
IPO Overview
The SRM Contractors IPO is a Rs 130.20 crore book built issue. IPO consists fresh offer of 0.62 crore shares. IPO opens on March 26, 2024, and it will end on March 28, 2024. Allocation Date is Monday, April 1, 2024. The shares will be listed in BSE and NSE on Wednesday, April 3, 2024. As the launch date for the IPO approaches, excitement mounts on various financial websites and chat rooms worldwide.
The price range for SRM Contractors’ IPO is ₹200–₹210 per share. SRM Contractors IPO GMP Today is ₹58. An application must have a minimum lot size of 70 shares. Retail investors are needed to invest a minimum of ₹14,700. For both sNII and bNII, the minimum lot size investment is 69 lots (4,830 shares) or ₹1,014,300, respectively. For sNII, the minimum lot size investment is 14 lots (980 shares).
SRM Contractors IPO Details
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹200 to ₹210 per share |
| Lot Size | 70 Shares |
| Total Issue Size | 6,200,000 shares (aggregating up to ₹130.20 Cr) |
| Fresh Issue | 6,200,000 shares (aggregating up to ₹130.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 16,744,200 |
| Share holding post issue | 22,944,200 |
SRM Contractors Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,373.62 | 1,202.16 | 1,124.70 |
| Revenue | 3,006.51 | 2,655.09 | 1,619.47 |
| Profit After Tax | 187.46 | 175.68 | 82.73 |
| Net Worth | 631.61 | 444.15 | 268.47 |
| Reserves and Surplus | 464.12 | 428.88 | 253.20 |
| Total Borrowing | 471.58 | 315.24 | 319.58 |
| Amount in ₹ Crore | |||
SRM Contractors IPO Timeline
| 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 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
Company Profile
SRM Contractors Limited was founded in 2008 and specializes in building roads, including bridges, tunnels, slope stabilization projects, and other construction projects in the Union Territories of Jammu & Kashmir and Ladakh. The business subcontracts infrastructure construction projects and works as an EPC contractor for infrastructure projects, billing on a unit-price basis. By March 2024, the company will have finished 37 infrastructure construction projects totaling Rs. 77,088.00 lakhs, which include 3 tunnel projects, 1 slope stabilization project, 2 miscellaneous
construction projects, and 31 road projects. Of the 37 projects, 8 were carried out through project-specific joint ventures, and 29 infrastructure construction projects, including subcontracts, were handled independently by the company. As of September 15, 2023, the company had 293 full-time professionals and specialists working for it. 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.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | SRM Contractors Limited |
| Phone number | +91 84918 77114 |
| Email ID | cs@srmcpl.com |
| Website | srmcpl.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
