SRM Contractors Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹200 - ₹210
- Lot size
- 70 shares
- Issue amount
- ₹130.2 cr
- Total subscription
- 86.57×
- Opens
- 26 Mar 2024
- Closes
- 28 Mar 2024
- Allotment
- 1 Apr 2024
- Listing
- 3 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 62,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,000
- Fresh issue
- ₹130.2 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,700
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,67,44,200
- Shares after issue
- 2,29,44,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 70 | ₹14,700 |
| sHNI | 14 | 980 | ₹2,05,800 |
| bHNI | 69 | 4,830 | ₹10,14,300 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 26.04 | 0 |
| RETAIL | 45.57 | 0 |
| NIB | 19.53 | 0 |
| HNIs 2+ | 6.51 | 0 |
| HNIs 10+ | 13.02 | 0 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 12.58 | 90.82 | 85.11 |
| ROE | 0 | 0 | 0 |
| ROCE | 29.43 | 35.04 | 42.16 |
| RONW | 25.02 | 34.85 | 49.3 |
| PRE IPO(PE) | 4.17 | 0 | 0 |
| POST IPO(PE) | 18.76 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
SRM Contractors Limited, founded in 2008, is a prominent infrastructure development company specializing in EPC and unit-price construction projects across Jammu & Kashmir and Ladakh. The company’s expertise spans road construction, tunnel projects, slope stabilization, and diverse civil works, demonstrating its ability to execute complex infrastructure solutions. With a strong portfolio that includes road realignment, bridge construction, and tunnel development, SRM Contractors has successfully completed 37 projects as of March 2024. Supported by a skilled workforce of 275 full-time employees, the company remains dedicated to innovation, quality, and sustainable growth in the region's infrastructure sector.
Strengths
- Proven Expertise in Tough Terrain: The company has a strong track record of successfully handling infrastructure projects like roads, tunnels, and slope stabilization in the challenging landscapes of Jammu and Kashmir.
- Smart and Efficient Operations: By focusing on projects within Jammu & Kashmir and Ladakh, the company optimizes resources, streamlines operations, and maximizes efficiency, leading to better project execution and profitability.
- Strong Financial Backbone: With consistent financial stability, SRM Contractors effectively manages costs, generates solid revenue, and stays profitable—giving it the strength to grow, invest, and tackle new opportunities.
Risk factors
- Regional Business Risks: Since the company operates mainly in Jammu & Kashmir and Ladakh, any economic, regulatory, or political changes in these areas could directly impact its business and financial health.
- Potential Financial Liabilities: The company may face unforeseen financial obligations (contingent liabilities), which could affect its profitability and require significant resources if they arise.
- Reliance on Promoters' Guarantees: The company depends on personal guarantees and mortgaged properties from its promoters for loans. If these guarantees are revoked, it could create financial challenges, affect credit access, and disrupt operations.
Promoters
Sanjay Mehta
Ashley Mehta
Puneet Pal Singh
Registrar & documents
Lead manager
Interactive Financial Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Sector 3, Near BJP Head Office, Trikuta Nagar, Jammu -180012
+91 84918 77114
[email protected]Company website ↗Understanding SRM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.