SRM Contractors IPO Date, Review, Price, Allotment Details

SRM Contractors is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works, and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh. They undertake construction works both as an EPC contractor and on an item-rate basis for infrastructure projects. The Company also undertakes sub-contracting assignments for infrastructure construction projects. They have a track record of successful execution of road, tunnel, and slope stabilization projects in the difficult terrain of union territories of Jammu & Kashmir and Ladakh, and they, thus, believe that they have developed the expertise and know-how to undertake infrastructure construction projects in difficult terrains. The Company has emerged as a key player in the infrastructure construction industry in the Union Territories of Jammu & Kashmir and Ladakh and has developed technical capabilities to execute projects in hilly/challenging terrain in the region (Source: D&B Report).

They are an ISO 9001:2015 certified company and are also registered as a class A contractor with the Public Work (R&B) Department, Jammu & Kashmir. They are pre-qualified to bid independently on projects, tendered by departments of governmental authorities and other entities funded by the GoI, of contract value up to ₹30,000 lakhs and ₹50,000 lakhs for EPC contracts for the construction of roads (including bridges) and construction of tunnel respectively. As a result of the growth of their road and tunnel construction business as well as the recent 163 government initiatives and support to develop the infrastructure of union territories of Jammu & Kashmir and Ladakh, they have further forayed into executing other infrastructure projects such as standalone bridges, larger slope stabilization works, and other miscellaneous civil construction activities to capitalize on such rising opportunities.

As an EPC contractor, the scope of their services includes detailed engineering of the project, procurement of construction materials, plant and machinery, construction and execution of the project, and its operation and maintenance by the contractual provisions. Their manpower, resources, and fleet of machinery and equipment, together with their engineering capabilities, enable them to execute a large number of projects simultaneously. They believe that their resources, quality of work, and project execution skills have enabled them to enhance their relationships with existing clients and help them to further secure projects from new clients.

Objects of the Issue

• 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.
• General Corporate Purpose.

SRM Contractors IPO Review (Apply or Not)

• Apply

SRM Contractors IPO Date & Price Band Details

SRM Contractors IPO Market Lot

The SRM Contractors IPO minimum market lot is 70 shares with ₹14,700 application amount. The retail investors can apply up-to 13 lots with 910 shares or ₹191,100 amount.

SRM Contractors IPO Allotment & Listing Dates

The SRM Contractors IPO date is March 26 and the close date is March March 28. The SRM Contractors IPO allotment will be finalized on April 1 and the IPO listing on April 3.

You can check IPO subscription status and IPO allotment status on their respective pages.

SRM Contractors IPO Form

How to apply for the SRM Contractors IPO? You can apply for SRM Contractors IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the SRM Contractors IPO in the Invest section. The other option is you can apply for SRM Contractors IPO via IPO forms downloaded via NSE and BSE. Check out the SRM Contractors forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

SRM Contractors Company Financial Report

SRM Contractors IPO Valuation – FY2023

Check SRM Contractors IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Man Infraconstruction limited
• ITD cementation India Limited
• Likhitha Infrastructure Limited
• Udayshivakumar Infra Ltd

Company Promoters

• Sanjay Mehta
• Ashley Mehta
• Puneet Pal Singh

SRM Contractors IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html

SRM Contractors IPO Allotment Status Check

Check SRM Contractors IPO allotment status on Bigshare Services website allotment URL. Click Here

SRM Contractors IPO Lead Managers aka Merchant Bankers

• Interactive Financial Services Ltd

Company Address

SRM Contractors Limited
Sector 3,
Near BJP Head Office,
Trikuta Nagar, Jammu -180012
Phone: +91 84918 77114
Email: [email protected]
Website: https://srmcpl.com/

SRM Contractors IPO FAQs