SRM Contractors IPO

SRM Contractors Limited

₹14,000 /70 sharesMinimum Investment

SRM Contractors IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹210.00₹215.25₹5.25 (2.50%)

SRM Contractors IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
26 Mar ‘24 - 28 Mar ‘24₹14,00070₹200 - ₹210
Issue SizeIPO Doc
130.20Cr
RHP PDF

Subscription rate

As of 28 Mar'24, 05:00 PM
Qualified Institutional Buyers59.59x
Non-Institutional Investor179.6x
Retail Individual Investor46.97x
Total86.57x

About the company

SRM Contractors Limited is an engineering construction and development firm that undertakes civil construction activities. It is involved in constructing roads, including bridges, tunnels, and slope stabilization works. The company serves as an EPC contractor and offers item rate-based services for infrastructure projects, along with undertaking subcontracting assignments. It primarily operates in the Union Territories of Jammu & Kashmir and Ladakh. The company operates through these main business verticals, road projects, tunnel projects and slope stabilization works. It also undertakes other miscellaneous civil construction activities: such as drainage works and construction of government housing and residential units.;
Founded in
2008
Managing director
Mr. Sanjay Mehta
Parent organisation
SRM Contractors Limited

Strength and risks

Strengths
Risks
Since its establishment, the company has completed 37 infrastructure construction projects, either independently or through project-specific joint ventures. These projects, with an aggregate contract value of Rs. 770.8 cr, consist of 31 road projects, 3 tunnel projects, 1 slope stabilization work, and 2 other miscellaneous civil construction activities.
As of September 15, 2023, the company owns and maintains 227 equipment and machinery, including 7 hot mix plants, 6 stone crushers, 21 excavators, 18 backhoe loaders, 42 tippers/dumpers, 3 boomers, 3 shotcrete machines, 7 hot bitumen pressure distributors, 3 wet mix macadam plants, 7 tandem roller compactors, 5 road rollers, 7 pavers, 4 graders, etc.
The company reported revenue from operations of Rs. 300.29 cr in Financial Year 2023, Rs. 263.61 cr in Financial Year 2022, and Rs. 160.06 cr in Financial Year 2021, reflecting 13.91% year-on-year growth in Financial Year 2023 and 63.60% year-on-year growth in Financial Year 2022. The company reported Profit after tax of Rs. 8.27 cr, Rs. 17.57 cr, and Rs. 18.75 cr in FY 2021, 2022 and 2023 respectively.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular200 - 210₹2 Lakh
High Networth Individual200 - 210₹2 - 5 Lakh
For SRM Contractors IPO, eligible investors can apply as Regular.
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.1.9
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ

ABOUT GROWW