IPO Details
Bidding Dates
26 Mar 24 - 28 Mar 24
Price Range ₹
200 - 210
Total Equity
₹ 130.20Cr
Lot Size
70
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
46.97×
Qualified Institutional Buyers
59.59×
Employees
0.00×
Retail Investors
46.97×
Total subscription Rate
86.57×
IPO Timeline
Offer start
26 Mar 2024
Offer end
28 Mar 2024
Allotment
01 Apr 2024
Refund initiation
02 Apr 2024
Demat transfer
02 Apr 2024
Listing
03 Apr 2024
Offer start
26 Mar 2024
Offer end
28 Mar 2024
Allotment
01 Apr 2024
Refund initiation
02 Apr 2024
Demat transfer
02 Apr 2024
Listing
03 Apr 2024
About Company
Founded in 2008, SRM Contractors Limited operates as an engineering construction and development firm, focusing on projects such as roads, tunnels, slope stabilization, and various other civil construction endeavors. Renowned for its expertise, the company holds a prominent position in the Union Territories of Jammu & Kashmir and Ladakh. In addition to serving as an EPC contractor, SRM Contractors also undertakes subcontracting assignments.
Year Founded
04-09-2008
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.92 | 0 |
| Share Capital | 16731000 | 0 |
Offer to Public
62,00,000.00 Cr
Project Details
- Funding the Working Capital requirement - 460cr
- General corporate purposes - 238.806cr
- Investment In Joint Venture Project - 120cr
- Funding capital expenditure requirements for the purchase of equipment/machineries - 315cr
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Co - 100cr
Objectives
- Funding capital expenditure requirements for the purchase of equipment/machineries
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company
- Funding the working capital requirements of our Company
- Investment in Project Specific Joint Venture Projects
- andGeneral Corporate Purpose.
Highlights
- The company's consistent revenue growth and effective cost management, supported by an order book double its current revenue, promise sustained profitability in the coming years.
- SRM Contractors Limited owns all construction equipment, ensuring cost control and timely project completion without relying on external resources.
- The company strategically selects nearby projects, cutting transportation costs and boosting overall efficiency for higher profitability.
- SRM Contractors Limited excels in executing projects in tough landscapes like Jammu & Kashmir, especially in roads, tunnels, and slope stabilization.
- Through vertical integration, SRM Contractors Limited manages all construction aspects internally, from boomers to hot mix plants, enhancing efficiency.
Challenges
- Relying heavily on government contracts, SRM Contractors Limited is subject to fluctuations in government expenditure priorities and bureaucratic processes, potentially impacting project schedules and revenue streams.
- SRM Contractors Limited encounters stiff competition in the infrastructure sector, where securing projects hinges on rigorous bidding processes that assess factors such as past performance, work quality, and cost competitiveness.
- The construction industry's capital-intensive nature demands substantial investments in machinery, coupled with prolonged revenue realization periods and delays in payment receipts due to extended project timelines.
- SRM Contractors Limited faces risks with its primary operations centered in J&K and Ladakh, regions prone to civil unrest, political instability, and adverse weather conditions, potentially hindering the company's progress.
- The company's focus on government-funded initiatives may limit market diversification and result in narrower profit margins compared to privately funded ventures.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 2,35,00,99,000.00 | 16,74,42,000.00 | 1,756.77 | 1,756.77 | 10.4918 |
| 2021 | 11,246.95 | 152.22 | 827.28 | 827.28 | 4.9407 |
| 2022 | 12,021.59 | 152.22 | 1,756.77 | 1,756.77 | 10.4918 |
| 2023 | 13,736.18 | 1,674.40 | 26,96,63,260.00 | 26,96,63,260.00 | 16.1049 |
