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SRM Contractors IPO

  • Status: Closed
  • RHP:
  • ₹ 14,000 / 70 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    03 Apr 2024

  • Listing Price

    ₹225.00

  • Listing Change

    7.14%

  • Last Traded Price

    ₹375.00

IPO Details

  • Open Date

    26 Mar 2024

  • Close Date

    28 Mar 2024

  • IPO Price Range

    ₹ 200 to ₹ 210

  • IPO Size

    ₹ 130.20 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    03 Apr 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

SRM Contractors IPO Subscription Status

Last Updated: 05 April 2024 10:55 AM by 5Paisa

SRM Contractors Limited IPO is set to open from 26th March to 28th March 2024. The company operates in the engineering construction and development sector. The IPO includes a fresh issue of 6,200,000 shares worth ₹130.20 cr. The share allotment date is 1st April 2024, and the IPO will be listed on 3rd April 2024 on the stock exchanges. The price band is set at ₹200 to ₹210 and the lot size is 70 shares.   

Interactive Financial Services Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of SRM Contractors IPO:

●    To fund the working capital expenditure to purchase machinery/equipment.
●    To invest in Joint Venture Projects.
●    To repay or pre-pay borrowings obtained.
●    To fund working capital requirements.
●    General Corporate Purpose.
 

Established in 2008, SRM Contractors Limited is an engineering construction and development company. The company specialises in constructing roads, tunnels, 
slope stabilisation works and other miscellaneous civil construction activities. It is a leading player in the Union Territories of Jammu & Kashmir and Ladakh. Along with working as an EPC contractor, SRM Contractors take sub-contacting assignments. 

The company has an ISO 9001:2015 certification and is a class A contractor with the Public Work (R&B) Department, Jammu & Kashmir. 

Some of the popular clientele of SRM Contractors are National Highways & Infrastructure Development Corporation Limited - Ministry of Road Transport & Highways, Government of India (NHIDCL), Konkan Railway Corporation Limited (KRCL), Government of Jammu and Kashmir Economic Reconstruction Agency (ERA, Jammu), Border Road Organisation (BRO), Public Work (R&B) Department, Jammu & Kashmir (PWD, J&K), Northern Railway, Irrigation & Flood Control Department, J&K, J&K Rural Roads Development Agency (JKRRDA). 

Peer Comparison

●    Man Infraconstruction Limited
●    ITD Cementation India Limited
●    Likhitha Infrastructure Limited 
●    Udayshivakumar Infra Limited 

For More Information:
Webstory on SRM Contractors IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 300.29 263.61 160.05
EBITDA 38.65 32.01 18.32
PAT 18.74 17.56 8.27
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 137.36 120.21 112.46
Share Capital 16.74 1.52 1.52
Total Borrowings 46.92 57.38 65.90
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 13.04 9.73 14.18
Net cash from / (used in) investing activities -18.86 -5.94 -13.25
Net cash flow from / (used in) financing activities 9.83 -2.98 4.52
Net increase (decrease) in cash and cash equivalents 4.01 0.81 4.26


Strengths

1.    The company has a proven track record of efficient execution of roads, tunnels and slope stabilisation works in the union territory of Jammu and Kashmir.
2.    It has a business model of focusing, selecting and clustering its projects in the Union Territory of Jammu and Kashmir and Ladakh, which is its strength.
3.    It focuses on the timely delivery of quality infrastructure development and construction projects.
4.    Its track record of good financial performance is a big plus. 
5.    The company has an in-house integrated model, which helps reduce dependency on third parties. 
6.    Skilled and experienced management team.
 

Risks

1.    The business is concentrated in the Union Territory of Jammu & Kashmir and Ladakh.
2.    The business is subject to seasonal and other fluctuations.
3.    A majority of its revenues are derived from projects from government authorities.
4.    It is a highly working capital-intensive business. 
5.    It has reported negative cash flow in the past. 
 

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FAQs

SRM Contractors IPO opens from 26th March to 28th March 2024.
 

The size of SRM Contractors IPO is ₹130.20 cr. 

To apply for the IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the  SRM Contractors IPO
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

The price band of SRM Contractors IPO is set at ₹200 to ₹210 per share.
 

The minimum lot size of SRM Contractors is 70 shares and the minimum investment required to apply for the IPO is ₹14,000.
 

The share allotment date of SRM Contractors IPO is 1st April 2024.
 

The SRM Contractors IPO will be listed on 3rd April 2024.
 

Interactive Financial Services Limited is the book-running lead manager for SRM Contractors IPO.
 

SRM Contractors Limited will use the proceeds from the listing for:

●    To fund the working capital expenditure to purchase machinery/equipment.
●    To invest in Joint Venture Projects.
●    To repay or pre-pay borrowings obtained.
●    To fund working capital requirements.
●    General Corporate Purpose.