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SRM Contractors Ltd.

SRM Contractors Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹210
₹210
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹210
Based on GMP
Min. Investment
₹14,700
1 lot × 70 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
26 Mar 2024
Close Date
28 Mar 2024
Allotment
01 Apr 2024
Listing Date
03 Apr 2024
Exchange
NSE & BSE
Price Band
₹210
Listing Price
See chart
Allotment Status
Price Band
₹210
Per share
Face Value
₹10 per share
 
Lot Size
70 Shares
per lot
Issue Size
62,00,000 shares (aggregating up to ₹130.20 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,700
1 lot
Pre-IPO Holding
1,67,44,200 shares
Promoters
Post-IPO Holding
2,29,44,200 shares
Promoters
P/E (Pre)
18.76x
 
P/E (Post)
17.15x
 
EPS (Pre)
₹11.20
 
EPS (Post)
₹12.24
 
UPI Deadline
2024-03-28
Mandate
Anchor AllotmentFri, 22 Mar 2024
Basis of AllotmentMon, 01 Apr 2024
Refund InitiationTue, 02 Apr 2024
Demat CreditTue, 02 Apr 2024
Listing DayWed, 03 Apr 2024
UPI Mandate Deadline2024-03-28
Sale TypeFresh Capital
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
SRM Contractors Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Mar 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
6,200,000
100% ₹130.20
IPO Shares Offered
SRM Contractors Ltd. IPO total issue size: ₹130.20 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 6,200,000 ₹130.20
100.00%
* Based on upper price band ₹210 per share
Lot Size & Investment
Lot Size
70
Shares per Lot
Issue Price
₹210.00
Upper Band
Min Investment
₹14,700
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2140₹29,400
Retail (Max — 13 Lots)13910₹191,100
S-HNI (Min — 14 Lots)14980₹205,800
B-HNI (Min — 69 Lots)694,830₹1,014,300
* Issue Price ₹210 × Lot Size 70 shares
IPO Schedule
Anchor
22 Mar 2024
✓ Done
IPO Open
26 Mar 2024
✓ Done
IPO Close
28 Mar 2024
✓ Done
Allotment
01 Apr 2024
✓ Done
Refunds
02 Apr 2024
✓ Done
Demat Credit
02 Apr 2024
✓ Done
Listing Day
03 Apr 2024
✓ Done
SRM Contractors Ltd. — Live Price LIVE
₹210.00
INR · BSE
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Issue ₹210.00 Live Price
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.
Objects of the Issue
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.
SRM Contractors Ltd. Financials (Amount in Crore)
Revenue from Operations
₹265.5
31 Mar 2022
₹300.7
31 Mar 2023
₹242.3
31 Dec 2023
Profit After Tax (PAT)
₹17.6
31 Mar 2022
₹18.8
31 Mar 2023
₹21.1
31 Dec 2023
Particulars31 Dec 202331 Mar 202331 Mar 2022
Revenue from Operations 242.28 300.65 265.51
EBITDA N/A N/A N/A
Profit After Tax (PAT) 21.07 18.75 17.57
Net Worth 37.24 63.16 44.41
Total Assets 168.87 137.36 120.22
Reserves & Surplus 67.48 46.41 42.89
Borrowings 42.32 47.16 31.52
EBITDA Margin (%) N/A
PAT Margin (%) 8.98%
P/BV Ratio
4.17
RoCE
29.43%
RoNW
25.02%
PAT Margin
8.98%
Debt/Equity
0.50
Issue Structure & Shareholding
Total Shares Offered62,00,000 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding1,67,44,200 shares
Post-Issue Promoter Holding2,29,44,200 shares
P/BV Ratio4.17
RoEN/A
RoCE29.43%
Debt / Equity0.50
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Interactive Financial Services Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much SRM Contractors Ltd. IPO subscribed?

SRM Contractors Ltd. IPO is subscribed 1.00 times by Mar 28, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is SRM Contractors Ltd. IPO retail subscription status?

The SRM Contractors Ltd. IPO retail category is subscribed 1.00 times as of 28 Mar 2024. The retail portion is oversubscribed.

How to subscribe SRM Contractors Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 26 Mar 2024 and closes 28 Mar 2024. Min investment: ₹14,700 (1 lot = 70 shares). UPI mandate: 2024-03-28.

How many times SRM Contractors Ltd. IPO subscribed?

The SRM Contractors Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check SRM Contractors Ltd. IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Apr 2024. Refunds: on 02 Apr 2024.

When SRM Contractors Ltd. IPO will be listed?

The SRM Contractors Ltd. IPO listing date is 03 Apr 2024, Wednesday. Listed on: NSE & BSE. Issue price: ₹210. Estimated listing: ₹210. GMP: NIL.

When SRM Contractors Ltd. IPO close?

The SRM Contractors Ltd. IPO closes on 28 Mar 2024, Thursday. UPI mandate: 2024-03-28. Allotment: 01 Apr 2024. Listing: 03 Apr 2024.