SRM Contractors IPO will hit the market from March 26, 2024, until March 28, 2024. New shares valued at 130.20 crores are being offered in this IPO. The price range for each share is 200.00 to 210.00, with a face value of rupees 10 per share. Investors may apply a minimum of 70 shares or 14,700.
April 3, 2024, is the estimated date of SRM Contractors IPO listing on the BSE and NSE marketplaces. Get all the latest information on SRM Contractors’ Mainline IPO, including the listing date, listing price, allotment data, financial performance, business overview, and live subscription status.
About the Company – SRM Contractors
- SRM Contractors, formerly Popular Vehicles & Services Limited, was established in September 2008.
- Specializes in construction and development activities, focusing on roads, bridges, tunnels, and slope stabilization works in the Union Territories of Jammu, Kashmir, and Ladakh.
- Operated as an engineering, procurement, and construction (EPC) contractor and sub-contractor for infrastructure projects.
- Strong track record in executing projects in challenging terrains, particularly in hilly regions of Jammu and Kashmir and Ladakh.
- Considered a significant player in construction within these Union Territories, possessing technical capabilities for challenging environments.
- The scope of the EPC contractor includes project design, material procurement, project execution, and operation and maintenance.
- Success is attributed to skilled personnel, advanced equipment, machinery, and technical proficiency.
- Emphasis on quality work, efficient equipment usage, and simultaneous project execution.
Upcoming IPO In 2024, List Of Latest IPOs In India
Strengths of SRM IPO:
- Proven track record: Displayed effectiveness in completing projects such as slope stabilization, highways, and tunnels in Jammu & Kashmir’s difficult terrain.
- Effective business model: A tried-and-true procedure for choosing and carrying out projects in Jammu, Kashmir, and Ladakh Union Territories.
- Emphasis on equipment ownership: Using and owning cutting-edge equipment is important for improving operational effectiveness.
- Excellent financial performance: Proven stability and long-term growth in finances
- Internally integrated model: Integration between different company divisions that promotes efficiency and synergy in operations.
SRM IPO Objectives:
- Financing the necessary capital expenditures for buying machinery and equipment.
- Repayment in full or in part, and prepayment of some outstanding secured loans the business has taken out.
- Funding the working capital needs of the business.
- Investing in Joint Venture Projects Particular to Each Project.
- General Corporate Objectives.
SRM Contractors IPO Details
| SRM Contractors IPO Details | |
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | 31 March 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹200 to ₹210 per share |
| Lot Size | 70 Shares |
| Total Issue Size | 6,200,000 shares (aggregating up to ₹130.20 Cr) |
| Fresh Issue | Shareholding pre issue |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding post issue | 16,744,200 |
| Shareholding pre-issue | 22,944,200 |
| SRM Contractors IPO Timeline (Tentative Schedule) | |
| IPO Open Date | 26 March 2024 |
| IPO Close Date | 27 March 2024 |
| Basis of Allotment | 28 March 2024 |
| Initiation of Refunds | 29 March 2024 |
| Credit of Shares to Demat | 30 March 2024 |
| Listing Date | 31 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
| SRM Contractors IPO Reservation | |
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| SRM Contractors IPO Lot Size | |
| IPO Activity | Date |
| Issue Price | ₹200.00-210.00 |
| Market Lot: | 70 Shares |
| 1 Lot Amount: | ₹14700 |
| Min Small HNI Lots(2-10 Lakh): | 980 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 4830 shares (69 lots) |
| SRM Contractors IPO GMP | ||||
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain |
| 19-03-2024 | 210 | 25 | 1300/18200 | ₹235 (11.9%) |
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 Limited Contact Details
SRM Contractors Limited
Sector 3,
Near BJP Head Office,
Trikuta Nagar, Jammu -180012
Phone: +91 84918 77114
Email: [email protected]
Website: https://srmcpl.com/
FAQs
When SRM Contractors IPO Open Date?
SRM Contractors IPO Open Date is 26-03-2024.
When is the SRM Contractors IPO Close Date?
SRM Contractors IPO Close Date is 28-03-2024.
Can I Apply for SRM IPO Via UPI?
Yes, you can invest in SRM Contractors IPO via UPI. If applying online, you can use UPI as well as ASBA. If applying through physical form, UPI is mandatory.
What is SRM Contractors IPO Size?
SRM Contractors IPO size is 130.20 crores.
What is the SRM Contractors IPO Price Band?
SRM Contractors IPO Price Band is 200 to 210.
What is SRM Contractors IPO Minimum and Maximum Lot Size?
The minimum bid is 70 Shares with 14,700, while the maximum is 910 shares with 191,100.
