SRM Contractors Limited

Company Profile
Company Name SRM Contractors Limited
Open Date 26-03-2024
Close Date 28-03-2024
Exchange BSE, NSE
Lot Size 70 Shares
Issue Price ₹200 to ₹210 per share
Issue Size 62,00,000 shares
Application Amount Min. Inv. - ₹ 14,700 (70 shares) Max. Inv. – ₹ 1,91,100 (910 shares)
Recommendation Apply

SRM Contractors Limited was originally incorporated in the year 2008 and has its registered office in Trikuta Nagar, Jammu, India. The company is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh. Company undertakes construction works both as an EPC contractor and on an item rate basis for infrastructure projects. Company has emerged as a key player in infrastructure construction industry in the Union Territories of Jammu & Kashmir and Ladakh and has developed technical capabilities to execute projects in hilly/ challenging terrain in the region. As of January 31st, 2024, the Company had 275 employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 112.47 120.22 137.36 168.87
Net Assets 26.85 44.41 63.16 84.23
Total Borrowings 31.96 31.52 47.16 42.32
Total Revenue 161.95 265.51 300.65 242.28
Profit After Tax 8.27 17.57 18.75 21.07

Tentative Timeline

Opening Date 26/03/2024
Closing Date 28-03-2024
Basis of Allotment 01-04-2024
Initiation of Refunds 02-04-2024
Credit of Shares to Demat 02-04-2024
Listing Date 03-04-2024

Objects of the Issue

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.
General corporate purposes.

Contact Information

Registered Office SRM Contractors Limited Sector 3, Near BJP Head Office, Trikuta Nagar, Jammu -180012
Phone +91 84918 77114
Email cs@srmcpl.com
Website https://srmcpl.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.92%
Share Holding Post Issue (Promoters) 72.92%

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