SRM Contractors Limited IPO
- IPO Date26 Mar, 2024 to 28 Mar, 2024
- Listing Date03 Apr, 2024
- Face Value₹10 per share
- Issue Price₹200 to ₹210 per share
- Lot Size70 Shares
- Minimum Investment₹14,700
- Listing AtBSE, NSE
- Total Issue Size62,00,000 Shares
(aggregating up to ₹130.20 Cr) - Fresh Issue62,00,000 Shares
(aggregating up to ₹130.20 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,67,44,200
- Shareholding post issue2,29,44,202
IPO Dates
Closing Date
28 Mar, 2024
Initiation of Refunds
02 Apr, 2024
Listing Date
03 Apr, 2024
26 Mar, 2024
Opening Date
01 Apr, 2024
Basis of Allotment
02 Apr, 2024
Credit of Shares
SRM Contractors Limited Lot Size
Investors can bid for a minimum of 70 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 14 | 980 | ₹2,05,800 |
| S-HNI (Max) | 68 | 4760 | ₹9,99,600 |
| Retail (Max) | 13 | 910 | ₹1,91,100 |
| Retail (Min) | 1 | 70 | ₹14,700 |
| B-HNI (Min) | 69 | 4830 | ₹10,14,300 |
SRM Contractors Limited Promoter Holding
Sanjay Mehta, Ashley Mehta, and Puneet Pal Singh are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.92% | - |
SRM Contractors Limited COMPANY INFORMATION
SRM Contractors IPO is a book built issue of Rs 130.20 crores. The issue is entirely a fresh issue of 0.62 crore shares. SRM Contractors IPO opens for subscription on March 26, 2024 and closes on March 28, 2024. The allotment for the SRM Contractors IPO is expected to be finalized on Monday, April 1, 2024. SRM Contractors IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, April 3, 2024. SRM Contractors IPO price band is set at ₹200 to ₹210 per share. The minimum lot size for an application is 70 Shares. The minimum amount of investment required by retail investors is ₹14,700. The minimum lot size investment for sNII is 14 lots (980 shares), amounting to ₹205,800, and for bNII, it is 69 lots (4,830 shares), amounting to ₹1,014,300. Interactive Financial Services Ltd is the book running lead manager of the SRM Contractors IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to SRM Contractors IPO RHP for detailed information.
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.
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.
FAQs About Srm Contractors Limited Ipo
SRM Contractors Limited IPO will open on 26 Mar, 2024 and close on 28 Mar, 2024. Investors must apply within this period to participate.
The SRM Contractors Limited IPO price band is set between ₹200.00 and ₹210.00 per share. The minimum lot size is 70, requiring an investment of at least ₹14700.00.
The SRM Contractors Limited IPO shares are expected to be listed on 03 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your SRM Contractors Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The SRM Contractors Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.