{"id":6046,"date":"2024-03-22T15:47:06","date_gmt":"2024-03-22T10:17:06","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=6046"},"modified":"2024-03-22T15:47:14","modified_gmt":"2024-03-22T10:17:14","slug":"srm-contractors-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/srm-contractors-ipo-details\/","title":{"rendered":"SRM Contractors IPO Details - Complete Overview of SRM Contractors Limited IPO"},"content":{"rendered":"\n

SRM Contractors IPO Price: <\/strong>\u20b9200 to \u20b9210
IPO Date Range:<\/strong> Mar 26, 2024 - Mar 28, 2024<\/p>\n\n\n\n

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\"SRM<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Foundation & Business Essence<\/h2>\n\n\n\n

Founded in 2008, SRM Contractors Limited operates as a construction and development firm specializing in a range of projects. Its primary focus includes road construction (including bridges), tunnel creation, slope stabilization endeavors, and various other construction undertakings within the Union Territories of Jammu and Kashmir and Ladakh.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Services Offered<\/h2>\n\n\n\n

The company functions both as an EPC contractor and on a unit-price basis for infrastructure projects while also subcontracting infrastructure construction endeavors.<\/p>\n\n\n\n

Its major business verticals comprise:<\/p>\n\n\n\n

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  1. Road projects: encompassing the planning and construction of realignment, widening, upgradation, restoration, and\/or strengthening of roads, bridges, and highways, along with their maintenance in the Union Territories of Jammu and Kashmir and Ladakh.<\/li>\n\n\n\n
  2. Tunnel projects: involving the design and construction of new tunnels, cut-and-cover tunnels for avalanche and landslide protection, caverns, as well as expansion, upgradation, restoration, and\/or strengthening of existing tunnels, including niche alterations and stabilization, within the Union Territories of Jammu and Kashmir and Ladakh.<\/li>\n\n\n\n
  3. Slope stabilization works: entailing the planning and construction of reinforced embankment structures as part of slope stabilization initiatives.<\/li>\n\n\n\n
  4. Other miscellaneous civil construction activities: such as the construction of government housing and residential units, drainage systems, as well as irrigation and flood protection works.<\/li>\n<\/ol>\n\n\n\n

    Project Portfolio<\/h2>\n\n\n\n

    As of March 2024, the company has successfully concluded 37 infrastructure construction projects, amounting to a total contract value of Rs. 77,088 lakhs. These projects encompass 31 road construction endeavors, 3 tunnel projects, 1 slope stabilization project, and 2 miscellaneous construction works. Among these, the company independently handled 29 infrastructure construction projects, including sub-contracts, while 8 projects were executed through project-specific joint ventures.<\/p>\n\n\n\n

    Bidding Starts In<\/h2>\n\n\n\n
    -<\/div>
    DAYS<\/div><\/div>
    -<\/div>
    HOURS<\/div><\/div>
    -<\/div>
    MINUTES<\/div><\/div>
    -<\/div>
    SECONDS<\/div><\/div><\/div>\n\n\n\n
    APPLY NOW<\/span><\/path><\/svg>

    Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

    SRM Contractors IPO Specifics:<\/h2>\n\n\n\n
    IPO Date<\/td>March 26, 2024 to March 28, 2024<\/td><\/tr>
    Listing Date<\/td>Wednesday, April 3, 2024<\/td><\/tr>
    Face Value<\/td>\u20b910 per share<\/td><\/tr>
    Price Band<\/td>\u20b9200 to \u20b9210 per share<\/td><\/tr>
    Lot Size<\/td>70 shares<\/td><\/tr>
    Total Issue Size<\/td>6,200,000 shares
    (aggregating up to \u20b9130.20 Cr)<\/td><\/tr>
    Fresh Issue<\/td>6,200,000 shares
    (aggregating up to \u20b9130.20 Cr)<\/td><\/tr>
    Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
    Listing At<\/td>BSE, NSE<\/td><\/tr>
    Share holding pre issue<\/td>16,744,200<\/td><\/tr>
    Share holding post issue<\/td>22,944,200<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    SRM Contractors IPO Lot Size<\/h2>\n\n\n\n

    Bidders have the opportunity to bid for a minimum of 70 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n

    Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
    Retail (Min)<\/td>1<\/td>70<\/td>\u20b914,700<\/td><\/tr>
    Retail (Max)<\/td>13<\/td>910<\/td>\u20b91,91,100<\/td><\/tr>
    S-HNI (Min)<\/td>14<\/td>980<\/td>\u20b92,05,800<\/td><\/tr>
    S-HNI (Max)<\/td>68<\/td>4,760<\/td>\u20b99,99,600<\/td><\/tr>
    B-HNI (Min)<\/td>69<\/td>4,830<\/td>\u20b910,14,300 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    SRM Contractors IPO Reservation<\/h2>\n\n\n\n
    QIB Shares Offered<\/td>Not more than 50% of the Net Issue<\/td><\/tr>
    Retail Shares Offered<\/td>Not less than 35% of the Net Issue<\/td><\/tr>
    NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    SRM Contractors IPO Timetable (Important Dates)<\/h2>\n\n\n\n
    IPO Open Date<\/td>Tuesday, March 26, 2024<\/td><\/tr>
    IPO Close Date<\/td>Thursday, March 28, 2024<\/td><\/tr>
    Basis of Allotment<\/td>Monday, April 1, 2024<\/td><\/tr>
    Initiation of Refunds<\/td>Tuesday, April 2, 2024<\/td><\/tr>
    Credit of Shares to Demat<\/td>Tuesday, April 2, 2024<\/td><\/tr>
    Listing Date<\/td>Wednesday, April 3, 2024<\/td><\/tr>
    Cut-off time for UPI mandate confirmation<\/td>5 PM on March 28, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Don't Miss Out!<\/h2>
    <\/div>

    Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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    APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

    SRM Contractors Limited IPO Financial Information<\/h2>\n\n\n\n

    Between the financial years ending on March 31, 2023, and March 31, 2022, SRM Contractors Limited experienced a 13.24% increase in revenue and a 6.71% rise in profit after tax (PAT).<\/p>\n\n\n\n

    Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>31 Dec 2023<\/th><\/tr><\/thead>
    Assets<\/td>112.47<\/td>120.22<\/td>137.36<\/td>168.87<\/td><\/tr>
    Revenue<\/td>161.95<\/td>265.51<\/td>300.65<\/td>242.28<\/td><\/tr>
    Profit After Tax<\/td>8.27<\/td>17.57<\/td>18.75<\/td>21.07<\/td><\/tr>
    Net Worth<\/td>26.85<\/td>44.41<\/td>63.16<\/td>37.24<\/td><\/tr>
    Reserves & Surplus<\/td>25.32<\/td>42.89<\/td>46.41<\/td>67.48<\/td><\/tr>
    Total Borrowing<\/td>31.96<\/td>31.52<\/td>47.16<\/td>42.32<\/td><\/tr><\/tbody><\/table>
    Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

    Key Performance Indicator - SRM Contractors IPO<\/h2>\n\n\n\n
    KPI<\/th>Values<\/th><\/tr><\/thead>
    Market Cap (Rs Cr)<\/td>481.83<\/td><\/tr>
    P\/E (x)<\/td>18.76<\/td><\/tr>
    ROE<\/td>%<\/td><\/tr>
    ROCE<\/td>29.43%<\/td><\/tr>
    Debt\/ Equity<\/td>0.5<\/td><\/tr>
    EPS<\/td>11.2<\/td><\/tr>
    RoNW<\/td>25.02%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Objects of the Issue:<\/strong><\/h2>\n\n\n\n

    The company intends to allocate the Net Proceeds from the Issue to finance the following objectives:<\/p>\n\n\n\n

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    1. Funding capital expenditure needs for acquiring equipment\/machinery.<\/li>\n\n\n\n
    2. Repayment, either in full or partially, and\/or prepayment of specific outstanding secured borrowings obtained by the company.<\/li>\n\n\n\n
    3. Addressing the working capital requirements of the company.<\/li>\n\n\n\n
    4. Investing in Project-Specific Joint Venture Projects.<\/li>\n\n\n\n
    5. General Corporate Purposes.<\/li>\n<\/ol>\n\n\n\n

      Prospectus Links:<\/strong><\/h2>\n\n\n\n

      Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. SRM Contractors DRHP<\/a> and SRM Contractors RHP<\/a>.<\/p>\n\n\n\n

      Frequently Asked Questions<\/strong><\/h2>\n\n\n\n
      <\/div><\/div>\n\n\n
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      What is an IPO?<\/h3>\n
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      An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n

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      Why do companies go public with an IPO?<\/h3>\n
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      Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n

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      What is the price range for the \"SRM Contractors Limited\" IPO?<\/h3>\n
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      The price range for the\"SRM Contractors Limited\" IPO is \u20b9 200 to \u20b9210 per share.<\/p>\n\n<\/div>\n<\/div>\n

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      When will the \"SRM Contractors Limited\" IPO be listed on the stock exchange?<\/h3>\n
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      The \"SRM Contractors Limited\" IPO is expected to be listed on Wednesday, 3 April 2024.<\/p>\n\n<\/div>\n<\/div>\n

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      How to apply for an IPO with Lakshmishree?<\/h3>\n
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      To apply for an IPO with Lakshmishree:
      Go to www.lakshmishree.com\/ipo
      Select the desired IPO and fill in the required details.
      Confirm your application and make the payment.
      Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n

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      How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n
      \n\n

      Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

      SRM Contractors IPO Price: \u20b9200 to \u20b9210IPO Date Range: Mar 26, 2024 - Mar 28, 2024 Foundation & Business Essence Founded in 2008, SRM Contractors Limited operates as a construction and development firm specializing in a range of projects. Its primary focus includes road construction (including bridges), tunnel creation, slope stabilization endeavors, and various other […]<\/p>\n","protected":false},"author":1,"featured_media":6098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-6046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/6046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=6046"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/6046\/revisions"}],"predecessor-version":[{"id":6101,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/6046\/revisions\/6101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/6098"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=6046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=6046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=6046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}