| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹130.20 Cr |
| Fresh Issue | ₹130.20 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน200.00-210.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544158 |
| NSE Code | SRM |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Interactive Financial Services Ltd. |
| Allotment Status | |
| DRHP | |
| RHP | |
| Final Prospectus | |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 70 shares and in multiples thereof
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:
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 31.50 |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company | 10.00 |
| 3 | Funding the Working Capital requirement | 46.00 |
| 4 | Investment In Joint Venture Project | 12.00 |
| 5 | General corporate purposes | 23.88 |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 168.87 | 137.36 | 120.22 | 112.47 |
| Total Income | 242.28 | 300.65 | 265.51 | 161.95 |
| Profit After Tax | 21.07 | 18.75 | 17.57 | 8.27 |
| NET Worth | 37.24 | 63.16 | 44.41 | 26.85 |
| Reserves and Surplus | 67.48 | 46.41 | 42.89 | 25.32 |
| Total Borrowing | 42.32 | 47.16 | 31.52 | 31.96 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROCE | 29.43% |
| Debt / Equity | 0.50% |
| RoNW | 25.02% |
| PAT Margin | 8.98% |
| Price to Book Value | 4.17 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 11.20 | 12.24 |
| P/E (x) | 18.76 | 17.15 |
| Promoter Holding | 99.92% | 72.92% |
| Market Cap | โน481.83 Cr. | |