SRM Contractors Limited 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.
SRM Contractors Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 26 March 2024 |
| IPO Close Date | 28 March 2024 |
| Allotment Date | 01 April 2024 |
| IPO Listing Date | 03 April 2024 |
SRM Contractors Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 200 to Rs. 210 Per Equity Share |
| Market Lot | 70 Shares |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 130 Crore. |
SRM Contractors Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 70 | Rs. 14700 |
| Maximum | 13 | 910 | Rs. 191100 |
| Small HNI (Minimum) | 14 | 980 | Rs. 205800 |
| Big HNI (Minimum) | 69 | 4830 | Rs. 1014300 |
SRM Contractors Limited IPO Allotment Status & Forms
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Click Here To Get ASBA Forms SRM Contractors Limited IPO
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 137.36 | 120.22 | 112.47 |
| Total Revenue | 300.65 | 265.51 | 161.95 |
| Profit After Tax | 18.75 | 17.57 | 8.27 |
Company Promoters:
Sanjay Mehta, Ashley Mehta, and Puneet Pal Singh are the company’s promoters.
Purpose of the Issue
- Funding capital expenditure requirements for the purchase of equipment/machinery;
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company;
- Funding the working capital requirements of the company;
- Investment in Project Specific Joint Venture Projects; and
- General Corporate Purpose.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| SRM Contractors Limited Sector 3, Near BJP Head Office, Trikuta Nagar, Jammu -180012 Phone: +91 84918 77114 Email: cs@srmcpl.com Website: https://srmcpl.com/ | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
