SRM Contractors Limited IPO
₹200 - ₹210
70
86.57
| Open Date: | 26-Mar-2024 |
| Close Date: | 28-Mar-2024 |
| Allotment Date: | 01-Apr-2024 |
| Listing Date: | 03-Apr-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹200-210 Per Equity Share |
| Issue Size: | Total Issue Size 6,200,000 shares (aggregating up to ₹130.20 Cr) : Fresh Issue 6,200,000 shares (aggregating up to ₹130.20 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,700 : S-HNI - ₹205,800 : B-HNI - ₹1,014,300 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 1,240,100 | 930,000 | 2,170,000 | 4,340,100 |
| Day 1 - 26-03-24 05:00 PM | 1.57x | 6.32x | 3.70x | 3.65x |
| Day 2 - 27-03-24 05:00 PM | 2.41x | 45.70x | 14.21x | 17.58x |
| Day 3 - 28-03-24 05:00 PM | 59.59x | 214.94x | 46.97x | 86.57x |
| Total No. of Application: | 1,421,306 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 45.85x | |||
| Earning Per Share(EPS) | ₹11.2/- |
| P/E Ratio | 18.76 |
| RoNW | 25.02% |
| Net Asset Value (NAV) - Post Issue: | ₹37.72/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Dec,2023 | 168.87 | 242.28 | 21.07 |
| 31 Mar,2023 | 137.36 | 300.65 | 18.75 |
| 31 Mar,2022 | 120.22 | 265.51 | 17.57 |
| 31 Mar,2021 | 112.47 | 161.95 | 8.27 |
| Pre Issue Share Holding | 99.92% |
| Post Issue Share Holding | N/A% |
| 1. Sanjay Mehta |
| 2. Ashley Mehta |
| 3. Puneet Pal Singh |
- 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.
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.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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