ISSUE OPEN
SRM Contractors Ltd.
Min Investment
₹14700
Subscribed Times
79x
Issues size
₹130 Crores
Price Range
₹200 - ₹210
Open on
26 Mar'24
Close on
28 Mar'24

Application Details

Lot Size
70
Issue Size
₹130 Crores
Issue Type
Book Building

IPO Timeline

26
Mar'24
Issue Open
28
Mar'24
Issue Close
01
Apr'24
Finalization of Basis of Allotment
02
Apr'24
Initiation of refund
02
Apr'24
Transfer of shares to Demat Account
03
Apr'24
Listing Date

Shares Offered

Qualified Inst. Buyers
50.00
Non Inst. Buyers
15.00
Retails Ind. Buyers
35.00

Subscription Status 

(as of 27 Apr 2024)
Overall Status79.19x
Qualified Inst. Buyers
47.28x
Non Inst. Buyers
207.60x
Retails Ind. Buyers
42.39x

Objects of the offer

1. Funding capital expenditure requirements for the purchase of equipment/machineries
2. Full or part repayment and/or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by our Company
3. Funding the working capital requirement
4. Investment in joint venture projects
5. General corporate purposes

Company’s Financials

Mar 2021
Mar 2022
Mar 2023
Equity Capital
Reserves and Surplus
Total Debt
Gross Block
Net Sales
PBIDT
PAT
Dividend
EPS
Book Value

Peer Comparison

Scrip NameRevenue(cr)Net Profit(cr)EPSCurrrent Ratio
Larsen & Toubro Ltd.183340.710470.7274.4848.37
Rail Vikas Nigam Ltd.20281.571420.556.8142.56
NCC Ltd.15553.41609.29.725.76
Hindustan Construction Company Ltd.9856.59-27.84-0.16-236.19
NBCC (India) Ltd.8754.44266.661.4892.06
Ashoka Buildcon Ltd.8100.48371.3913.2313.24
PNC Infratech Ltd.7956.08658.4525.6717.6
Jaiprakash Associates Ltd.7263.12-1341.83-5.47-3.62
IRB Infrastructure Developers Ltd.6401.64720.011.1957.81
JMC Projects (India) Ltd.5518.8218.191.08109.81

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Guide to IPO Investment

Company Contact Info

Sector-3, Near BJP Head Office,
Trikuta Nagar,
Sector-3, Near BJP Head Office,
Trikuta Nagar,Jammu,Jammu & Kashmir-180012
Phone : 2472729

Book Running Managers

Interactive Financial Services Ltd.

Registrar & Transfer Agent

Bigshare Services Private Limited.
S6-2, 6th Floor, Pinnacle Business Park,Mahakali Caves Road, Next to Ahura Centre,Andheri East,Mumbai,Maharashtra-400093
Phone : 62638200
Fax :/

Offer Related Information

Initial public offering of up to 6200000 equity shares of face value of Rs.10.00 each (Equity Shares) of SRM Contractors Ltd.("The Company" or the "Issuer")
 for cash at a price of Rs.210.00 per equity share (including a premium of Rs.200.00 per equity share) ("Offer Price")
aggregating up to Rs.1302000000 crores.
Offer Price: Rs.210.00 per equity share of face value of Rs.10.00 each.
The Offer Price is {ApplicationMoney/FaceValue} times of the face value
The minimum bid lot is 70 equity shares and in multiples of 70 equity shares thereafter
Single-click UPI-based IPO application
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