SRM Contractors Limited
CLOSEDIPO Date: 26 Mar - 28 Mar 2024
Listing Date: 3 Apr 2024
Price Range
₹200 to ₹210 per share
Issue Size
130.2 Cr
Min Investment
₹14,000
Lot Size
70 Shares
Schedule of SRM Contractors Limited
Issue open date
26 Mar 2024
Issue close date
28 Mar 2024
UPI mandate deadline
28 Mar 2024 (5 PM)
Allotment finalization
1 Apr 2024
Share credit
2 Apr 2024
Listing date
3 Apr 2024
Mandate end date
12 Apr 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 130.2 Cr |
| Fresh Issue | Cr |
| Offer for Sale | Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 1 Apr 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 3 Apr 2024 | ₹210 | ₹70 | ₹280 (33.33%) |
| 2 Apr 2024 | ₹210 | ₹70 | ₹280 (33.33%) |
| 1 Apr 2024 | ₹210 | ₹95 | ₹305 (45.24%) |
| 31 Mar 2024 | ₹210 | ₹125 | ₹335 (59.52%) |
| 30 Mar 2024 | ₹210 | ₹125 | ₹335 (59.52%) |
| 29 Mar 2024 | ₹210 | ₹125 | ₹335 (59.52%) |
| 28 Mar 2024 | ₹210 | ₹125 | ₹335 (59.52%) |
| 27 Mar 2024 | ₹210 | ₹115 | ₹325 (54.76%) |
| 26 Mar 2024 | ₹210 | ₹95 | ₹305 (45.24%) |
| 25 Mar 2024 | ₹210 | ₹70 | ₹280 (33.33%) |
| 24 Mar 2024 | ₹210 | ₹68 | ₹278 (32.38%) |
Performance SRM Contractors Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹200 to ₹210 per share | ₹ 685 (7.62%) | ₹ 329.25 | 56.79% |
About SRM Contractors Limited
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 operates as an EPC contractor and on a unit-price basis for infrastructure projects and subcontracts infrastructure construction projects.The company has these major business verticals:* Road projects: planning and construction of realignment, widening, upgradation, restoration, and/or strengthening and improvement of roads, bridges, and highways and their maintenance in the Union Territories of Jammu and Kashmir and Ladakh.* Tunner projects: design and construction of new tunnels, cut-and-cover tunnels for avalanche and landslide protection and caverns; also includes expansion, upgradation, restoration and/or strengthening and improvement, including creation of niches/alterations in niches and stabilization of existing tunnels in the Union Territories of Jammu and Kashmir and Ladakh.* 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.
| Founded in | 1995 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 59.59 |
| Non-Institutional Investors (NIIs) | 214.94 |
| Retail Individual Investors (RIIs) | 46.97 |
| Employee | N/A |
| Total | 86.57 |