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SRM Contractors IPO

As the Indian economy continues to expand, the demand for robust infrastructure becomes increasingly important. In this sector, SRM Contractors Limited emerges as a highlight of innovation and expertise, offering specialised engineering and construction solutions. With their Initial Public Offering (IPO), SRM Contractors steps into the limelight, set to revolutionise the infrastructure development sector.

SRM Contractors IPO Details


Parameter Details
IPO Open Date Tuesday, March 26, 2024
IPO Close Date Thursday, March 28, 2024
IPO Allotment Date Monday, April 1, 2024
Initiation of Refunds Tuesday, April 2, 2024
Credit of Shares to Demat Tuesday, April 2, 2024
Listing Date Wednesday, April 3, 2024
Face Value ₹10 per share
Price Band ₹200 to ₹210 per share
Lot Size 70 Shares
Issue Size ₹130.20 Cr
Listing At BSE, NSE

Checkout the List of Upcoming IPO.

The SRM Contractors IPO is scheduled to open for subscription from March 26, 2024, to March 28, 2024. As a fresh issue IPO, the company aims to raise Rs. 130.20 crore through this book-building issue, with a price range set at Rs. 200 to Rs. 210 per share. Investors looking to participate in this IPO should take note of the lot size, which is set at 70 shares, requiring a minimum investment of Rs. 14,700 for the retail category.

About the Company

SRM Contractors Limited, incorporated in September 2008, specialises in engineering, construction, and development. The company primarily operates in the challenging terrain of Ladakh and the Union Territories of Jammu and Kashmir. Its core activities include the construction of tunnels, roads, slope stabilisation, and various civil construction projects.

SRM Contractors operates as an EPC contractor and also undertakes projects on an item-rate basis for infrastructure development. The company is registered as a class A contractor with the Public Work (R&B) Department, Jammu & Kashmir.

As of March 2024, SRM Contractors has completed 37 projects related to infrastructure development, with a contract value of Rs. 77,088.00 lakhs. These projects include road development, tunnel construction, slope stabilisation, and other construction endeavours. The company has a workforce of 275 dedicated employees as of January 31, 2024.

The road construction sector in India is witnessing significant growth, with the government planning substantial investments in building more and more highways. SRM Contractors aims to capitalise on these opportunities with its expertise in infrastructure development.

SRM Contractors Financial Highlights

Get to know more about the SRM Contractors IPO details:

Particulars Period Ended Dec 31, 2023 Period Ended Mar 31, 2023 Period Ended Mar 31, 2022 Period Ended Mar 31, 2021
Total Revenue (Rs. in lakh) 24,227.63 30,065.09 26,550.88 16,194.74
Profit after Tax (Rs. in lakh) 2,107.11 1,874.62 1,756.77 827.28
Net Worth (Rs. in lakh) 3,724 6,316.07 4,441.47 2,684.70
Total Borrowings (Rs. in lakh) 4,232.28 4,715.82 3,152.40 3,195.75

SRM Contractors Strengths & Weakness

Here is an SRM Contractors IPO review of its strengths and weaknesses:

Strengths of the Company Weaknesses of the Company
Efficient execution of challenging projects in Jammu & Kashmir. Operations mainly in J&K and Ladakh, prone to regional unrest and adverse climate.
Increased efficiency from clustering contracts. Reliance on projects funded by Government entities.
Ownership of construction equipment reduces long-term costs. High competition in infrastructure project bidding.
Vertical integration of business operations and machinery ownership. Capital-intensive nature of construction business with delayed revenue recognition.
Consistent revenue growth and profitability with a robust order book.

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

How to apply SRM Contractors IPO?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe SRM Contractors IPO and approve the payment on your UPI ID.

Demat Account

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  • For new investor, get free demat account opening offer on our web & Dynami App ensuring a smooth and hassle-free experience for your initial investments.

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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.

  • The price band for SRM Contractors' IPO is set between Rs. 200 and Rs. 210 per share.

  • SRM Contractors IPO is a book-built issue valued at Rs 130.20 crores. The offering consists entirely of a fresh issue of 0.62 crore shares.

  • The minimum lot size required for an application is 70 shares for the retail category.

  • SRM Contractors IPO requires retail investors to bid for a minimum amount of Rs. 14,700.