SRM Contractors IPO Date, Review, Price, Allotment Details


SRM Contractors IPO

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 Contractors IPO

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 DateMarch 26, 2024 to March 28, 2024
Listing Date31 March 2024
Face Value₹10 per share
Price Band₹200 to ₹210 per share
Lot Size70 Shares
Total Issue Size6,200,000 shares (aggregating up to ₹130.20 Cr)
Fresh IssueShareholding pre issue
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding post issue16,744,200
Shareholding pre-issue22,944,200
SRM Contractors IPO Timeline (Tentative Schedule)
IPO Open Date26 March 2024
IPO Close Date27 March 2024
Basis of Allotment28 March 2024
Initiation of Refunds29 March 2024
Credit of Shares to Demat30 March 2024
Listing Date31 March 2024
Cut-off time for UPI mandate confirmation5 PM on March 28, 2024
SRM Contractors IPO Reservation
Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
SRM Contractors IPO Lot Size
IPO ActivityDate
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 DateIPO PriceGMPSub2 Sauda RateExpected Listing Gain
19-03-2024210251300/18200₹235 (11.9%)

SRM Contractors IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]

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]


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.

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