SRM Contractors IPO Date, Review, Price, Allotment Details

SRM Contractors IPO GMP Today,  SRM Contractors IPO Grey Market Premium Updates |  SRM Contractors IPO, Latest target, Opening gain

SRM Contractors IPO began on 26 MARCH 2024. It will close on 28 March 2024. The Total IPO Size is 130.00 Crore Approx. The company set its IPO price is ₹200 to ₹210 per share Per Share. There are three basic categories in SRM Contractors IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.
Established in 2008, SRM Contractors Limited is a construction and development company primarily engaged in the construction of roads (including bridges), tunnels, slope stabilization works, and other construction activities in the Union Territories of Jammu and Kashmir and Ladakh. The company has these major business verticals:
  • 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.
As of March 2024, the company has completed 37 infrastructure construction projects with a total contract value of Rs. 77,088.00 lakhs including 31 road construction projects, 3 tunnel projects, 1 slope stabilization project, and 2 miscellaneous construction works. Out of the 37 projects 29 infrastructure construction projects, including sub-contracts, were undertaken by the company independently and 8 projects were undertaken through project-specific joint ventures. As on January 31, 2024, the company employed 275 full-time employees, consisting of specialists and workers.

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


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)

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
  1. Funding capital expenditure requirements for the purchase of equipment/machinery;
  2. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company;
  3. Funding the working capital requirements of the company;
  4. Investment in Project Specific Joint Venture Projects; and
  5. General Corporate Purpose.


How to Apply for SRM Contractors IPO?

If you’re a new investor Open a DEMAT Account for free with Angel One and build wealth with the best stock choices. Join a 1 million+ family of happy customers.

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.



Frequently Asked Questions

What is SRM Contractors IPO?

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.

When SRM Contractors IPO will open?

The SRM Contractors IPO opens on March 26, 2024 and closes on March 28, 2024.

How to apply for SRM Contractors IPO?

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.

When SRM Contractors IPO allotment?

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.

When is SRM Contractors IPO listing date?

The SRM Contractors IPO listing date is not yet announced. The tentative date of SRM Contractors IPO listing is April 03, 2024.

What is the lot size of SRM Contractors IPO?

SRM Contractors IPO lot size is 70 Shares and the minimum order quantity is 1 Shares.