SRM Contractors IPO GMP Today, SRM Contractors IPO Grey Market Premium Updates | SRM Contractors IPO, Latest target, Opening gain
- Slop stabilization works: planning and construction of reinforced embankment structures as part of slope stabilization work.
- Other miscellaneous civil construction activities: construction of government housing and residential units, drainage work as well as irrigation and flood protection work.
SRM Contractors IPO Details:
| Issuer | SRM Contractors IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 26 Mar 2024 | |
| Issue Closes: 28 Mar 2024 | ||
| Price Brand | ₹200 to ₹210 per share | |
| Issue Size | 130.00 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 70 Shares | |
| Retail (Max) | ₹191,100 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares |
6,200,000 shares |
|
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SRM Contractors IPO GMP Rates day by day
SRM Contractors IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 70 | ₹14,700 |
| Retail (Max) | 13 | 910 | ₹191,100 |
| S-HNI (Min) | 14 | 980 | ₹205,800 |
| S-HNI (Max) | 68 | 4,760 | ₹999,600 |
| B-HNI (Min) | 69 | 4,830 | ₹1,014,300 |
SRM Contractors IPO Date, Allotment & Listing:
| SRM Contractors IPO Opening Date: | March 26, 2024 |
| SRM Contractors IPO Closing Date: | March 28, 2024 |
| Basis of Allotment: | April 01, 2024 |
| Initiation of Refunds: | April 02, 2024 |
| Credit to Demat Account: | April 02, 2024 |
| Listing Date: | April 03, 2024 |
SRM Contractors Limited Financial Information (Restated Consolidated)
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 | ||||
Key Performance Indicator
The market capitalization of SRM Contractors IPO is Rs 481.83 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROCE | 29.43% |
| Debt/Equity | 0.5 |
| RoNW | 25.02% |
| P/BV | 4.17 |
| PAT Margin (%) | 8.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.2 | 12.24 |
| P/E (x) | 18.76 | 17.15 |
Objects of the Issue (SRM Contractors IPO Objectives)
- 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; and
- General Corporate Purpose.
SRM Contractors IPO ALLOTMENT STATUS
How to Apply for SRM Contractors IPO?
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How to Apply SRM Contractors IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “SRM Contractors”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply SRM Contractors IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “SRM Contractors”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
SRM Contractors IPO is a main-board initial public offering of 6,200,000 equity shares of the face value of ₹10 aggregating up to ₹130.00 Crores. The issue price of the IPO is ₹200 to ₹210 Per Equity Share. The minimum order quantity is 70 Shares per application and the offer type is Book Built Issue. The IPO opens on March 26, 2024 and closes on March 28, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The SRM Contractors IPO opens on March 26, 2024 and closes on March 28, 2024.
You can apply in SRM Contractors IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for SRM Contractors IPO will be done on April 01, 2024, and the allotted shares will be credited to your demat account by April 02, 2024. Check the SRM Contractors IPO allotment status.
The SRM Contractors IPO listing date is not yet announced. The tentative date of SRM Contractors IPO listing is April 03, 2024.
SRM Contractors IPO lot size is 70 Shares and the minimum order quantity is 1 Shares.