SRM Contractors Limited IPO

About SRM Contractors Limited

Incorporated in September 2008, SRM Contractors Limited is an engineering, construction, and development company that is mainly involved in the construction of tunnels, roads, slope stabilisation, and other various civil construction activities in Ladakh and the Union Territories of Jammu and Kashmir. The company undertakes construction work as an EPC contractor and on an item-rate basis for infrastructure projects. They also take on sub-contracting assignments for infrastructure projects.

The company is ISO 9001:2015 certified and registered as a class A contractor with the Public Work (R&B) Department, Jammu & Kashmir. They are pre-eligible to bid independently on projects tendered by government departments and other government-funded entities. The contract value is up to ₹30,000 lakh for EPC contracts (roads and bridges) and ₹50,000 lakh for tunnel construction.

As of March 2024, the organisation has completed a total of 37 projects related to infrastructure development, amounting to a contract value of ₹77,088.00 lakhs. This portfolio includes 31 projects focused on road development, 3 tunnel constructions, a single project aimed at stabilising slopes, and 2 other construction endeavours of various natures.

Out of these 37 initiatives, the company has independently handled 29, including sub-contractual work, while the remaining 8 were managed through collaborations in project-specific joint ventures.

By January 31, 2024, the firm's workforce comprised 275 dedicated full-time employees, including specialists and general workers.

Industry Outlook

The road sector in India is experiencing notable growth and can grow further. The government is planning to spend about ₹17 trillion on the highway sector within the time frame of 2020 to 2025. With the government's support, these can be good opportunities for the company.

SRM Contractors Limited IPO Details

SRM Contractors Limited IPO Dates

The IPO of SRM Contractors Limited is open for subscription from March 26, 2024, to March 28, 2024.

SRM Contractors Limited IPO Price Band

SRM Contractors Limited’s IPO is a fresh issue IPO of up to ₹130.20 crore. It is a book-building issue. The price range is set to ₹200 to ₹210 per share.

SRM Contractors Limited IPO Lot Size

The lot size for SRM Contractors Limited’s IPO is 1,200 shares with a minimum investment of ₹1,15,200.

SRM Contractors Limited IPO Objectives

The objectives of SRM Contractors Limited's IPO are listed below:

• To fund the capital expenditure of the company to purchase machinery and equipment.
• To fully or partially prepay or repay the loans owed.
• To fund the project-specific joint venture projects.
• To fund the working capital requirements of the company.
• To meet general corporate purposes.

Peer Details

SRM Contractors Limited faces competition from publicly listed players like

1. Man Infraconstruction Limited
2. ITD Cementation India Limited
3. Likhitha Infrastructure Limited
4. Udayshivakumar Infra Ltd

How To Check the SRM Contractors Limited Allotment Status?

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• Log in to the Angel One app.
• Go to the IPO Section and then to IPO Orders.
• Select the individual IPO that you had applied for and check the allotment status.
• Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of SRM Contractors Limited IPO

• Registered office: Sector 3, Near BJP Head Office, Trikuta Nagar, Jammu-180012, Jammu and Kashmir, India.
• Phone: +91 8491877114
• E-mail: cs@srmcpl.com