SRM Contractors Ltd. IPO

SRM Contractors Limited is a civil construction company focused on infrastructure development in the challenging mountainous terrain of Jammu & Kashmir and Ladakh. Established in 2008, they specialize in roads, bridges, tunnels, and slope stabilization projects. They operate as an EPC contractor (designing, procuring, and constructing) and undertake sub-contracting for government projects. With a growing order book, SRM is a pre-qualified bidder for large projects valued up to 50,000 lakhs. They've completed 37 projects worth 77,088 lakhs and are currently executing 21 projects valued at 70,743 lakhs.

RHP
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DRHP
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Open Date

2024-03-26

Close Date

2024-03-28

IPO Details

Check out the issue details for SRM Contractors Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 210

Price Band

₹ 200 - 210

Issue Size

130.2 Cr.

Issue Type

Book Built

Open

2024-03-26

Close

2024-03-28

Listingprice

₹ 215.25

ListingGain

2.50%

Listing Date

2024-04-03

CMP

₹ 202.95

Current Return

-3.36%

Company Financials

You can get the following financial statements of SRM Contractors Ltd. as of now.

Subscription Details

The details about the SRM Contractors Limited IPO is as:

  • The issue size of the IPO is 130.20 Cr.
  • The price band for SRM Contractors Limited IPO is Rs 200 to Rs 210.
  • The shares of SRM Contractors Limited IPO will list on 3rd April 2024.
  • The latest tentative GMP of SRM Contractors Limited IPO is Rs 110.
  • The shares of SRM Contractors Limited IPO is subscribed 86.57 Times as of 28th March 2024.

 

SRM Contractors Limited IPO Valuation

The approx valuation of SRM Contractors Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 210
Existing Shares (Qty) 1.67 Cr
Fresh Issue 130.20 Cr
Market Cap 480.9 Cr
EPS (FY23) Rs 90.82
PE Ratio 2.31x
Industry PE 22.54x

 

SRM Contractors Limited IPO Issue Size

SRM Contractors Limited IPO issue size is 130.20 Cr

Issue Amount
Fresh Issue 320 Cr
Offer For Sale 0 Cr

 

SRM Contractors Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 70 shares and a maximum of 13 lots of 910 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 70 14,700
 Maximum 13 910 1,91,100

 

SRM Contractors Limited IPO share offer

The shares of SRM Contractors Limited IPO is subscribed 86.57 Times as of 28th March 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 59.59 Times
Non-Institutional Minimum 15% 214.94 Times
Retail Individual Minimum 35% 46.97 Times
Total   86.57 Times

Allotment Details

Find below the dates for SRM Contractors Limited IPO:

Schedule Date
Basis of Allotment 1 April 2024
Refunds 2 April 2024
Credit to Demat Account 2 April 2024
IPO Listing Date 3 April 2024

Check allotment status

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 72.92 0
* Figures given above are % of equity capital
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