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IPO Status: Listed [26th Mar 2024 to 28th Mar 2024]
SRM Contractors IPO, a Mainline IPO of ₹130.20 Cr was launced on 26-03-2024 to 28-03-2024 and the shares got listed on BSE, NSE on 03-04-2024.
The public issue of SRM Contractors IPO (SRM,544158) was offered at ₹210.00 per share and the ipo was listed at ₹215.25. It has delivered listing gain of 2.50%.
As the minimum lot size was 70 shares, the IPO has offered Rs 367.50 per lot return on listing.
| IPO Issue Opening Date: | 26th Mar 2024 |
| IPO Issue Closing Date: | 28th Mar 2024 |
| IPO Issue Price: | ₹200.00-210.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹130.20 Cr |
| Fresh Issue: | ₹130.20 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.92% |
| Promoter Holding Post IPO: | 72.92% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544158 |
| NSE Code: | SRM |
Get important updates regarding SRM Contractors IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Apr 2024 |
| Refunds Initiation* | 2nd Apr 2024 |
| Credit of Shares to Demat* | 2nd Apr 2024 |
| IPO Listing Date* | 3rd Apr 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹200.00-210.00 |
| Market Lot: | 70 Shares |
| 1 Lot Amount: | ₹14700 |
| Min Small HNI Lots(2-10 Lakh): | 980 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 4830 shares (69 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-04-2024 | 210.00 | 70 | 3700/51800 | ₹280 (33.33%) | 3-Apr-2024 10:30 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
SRM Contractors Limited was founded in September 2008. The company is a construction and development company primarily engaged in construction of roads (including bridges), tunnels, slope stabilisation works and other construction activities in the Union Territories of Jammu and Kashmir and Ladakh. The company undertakes construction works both as an EPC contractor and on unit price basis for infrastructure projects. The company also acts as a sub-contractor for infrastructure construction projects.
The Company has a track record of successful execution of road, tunnel and slope stabilisation projects in difficult terrains in the Union Territories of Jammu and Kashmir and Ladakh and therefore believes that it has the requisite experience and expertise to undertake infrastructure construction projects in difficult terrains. Your Company has emerged as a major player in infrastructure construction in the Union Territories of Jammu and Kashmir and Ladakh and has the technical capabilities to undertake projects in hilly/difficult terrain in the region.
As an EPC contractor, the company's scope of work includes detailed design of the project, procurement of construction materials, plant and machinery, construction and execution of the project and operation and maintenance as per contractual provisions. Thank you to their personnel, equipment, machinery and technical know-how, we are able to carry out a large number of projects simultaneously. We are convinced that their equipment, the quality of their work and their ability to carry out projects have enabled us to improve relationships with existing customers and win further projects from new customers.
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | Civil Construction | ₹130.20 Cr | https://srmcpl.com/ |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,240,100 (28.57%) | 930,000 (21.43%) | 2,170,000 (50%) | 4,340,100 | |
| 1 | 26th Mar 2024 19:04 | 1.57x | 6.32x | 3.70x | 3.65x |
| 2 | 27th Mar 2024 19:04 | 2.41x | 45.70x | 14.21x | 17.58x |
| 3 | 28th Mar 2024 19:04 | 59.59x | 214.94x | 46.97x | 86.57x |
SRM Contractors Limited's revenue increased by 13.24% and profit after tax (PAT) rose by 6.71% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 168.87 | 137.36 | 120.22 | 112.47 |
| Revenue | 242.28 | 300.65 | 265.51 | 161.95 |
| Profit After Tax | 21.07 | 18.75 | 17.57 | 8.27 |
| Net Worth | 37.24 | 63.16 | 44.41 | 26.85 |
| Reserves and Surplus | 67.48 | 46.41 | 42.89 | 25.32 |
| Total Borrowing | 42.32 | 47.16 | 31.52 | 31.96 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| SRM Contractors Limited | 90.82 | 90.82 | 37.72 | 30.14 | Consolidated | |
| Man Infraconstruction Ltd. | 4.47 | 4.47 | 30.6 | 46.87 | 14.61 | Standalone |
| Itd Cementation India Ltd. | 7.23 | 7.23 | 72.04 | 46.56 | 10.04 | Standalone |
| Likhitha Infrastructure Limited | 15.22 | 15.22 | 63.39 | 17.42 | 24.01 | Standalone |
| Udayshivakumar Infra Ltd | 2.9 | 2.9 | 26.05 | 21.17 | 11.13 | Standalone |
Last Updated on 07-Apr-2024 07:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase SRM Contractors IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply SRM Contractors IPO with Zerodha.
Alternate approch to apply in SRM Contractors IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
SRM Contractors IPO Review and Important Updates
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To subscribe or apply in SRM Contractors IPO, you can use the following methods:
| SRM Contractors IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in SRM Contractors IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in SRM Contractors IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in SRM Contractors IPO. Most of the Syndicate Banks provide access to apply in SRM Contractors IPO via ASBA process. You must have your net banking access, DP ID information to apply in SRM Contractors IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in SRM Contractors IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
SRM Contractors IPO Review and Important Updates
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Applying in SRM Contractors IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download SRM Contractors IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply SRM Contractors IPO, please refer article >> Link
SRM Contractors IPO Review and Important Updates
Steps to download the online application form for SRM Contractors IPO
Or
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SRM Contractors IPO is going to be list on 03-04-2024. NSE Code for SRM Contractors is SRM. BSE Code for SRM Contractors is 544158.
Other relevant questions:
When SRM Contractors IPO will be listing? SRM Contractors IPO NSE listing date?SRM Contractors IPO date of listing.SRM Contractors IPO BSE listing date?
SRM Contractors IPO Allotment Date is 01-04-2024.
Other relevant questions:
SRM Contractors IPO share allotment date?SRM Contractors IPO allotment date?
