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Open
26 Mar 2024
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Close
28 Mar 2024
3
Allotment
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Listing
Wed, Apr 3, 2024
Price Band
₹200 to ₹210
Issue Size
62,00,000 shares (agg. up to ₹130 Cr)
Lot Size
70 Shares
Listing Date
Wed, Apr 3, 2024
Latest GMP
₹70
Est. Gain
33.33%
✦ AI Insight
GMP Trend
03-04-2024₹70Est. ₹280+33.33%
02-04-2024₹70Est. ₹280+33.33%
01-04-2024₹95Est. ₹305+45.24%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 60.21x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 168.87 | 137.36 | 120.22 | 112.47 |
| Total Income | 242.28 | 300.65 | 265.51 | 161.95 |
| Profit After Tax | 21.07 | 18.75 | 17.57 | 8.27 |
| NET Worth | 37.24 | 63.16 | 44.41 | 26.85 |
| Reserves and Surplus | 67.48 | 46.41 | 42.89 | 25.32 |
| Total Borrowing | 42.32 | 47.16 | 31.52 | 31.96 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vishnu Prakash R.Punglia Ltd. | Mainboard | ₹308.61 Cr | ₹99 | 13.61 | ₹145.70 | +47.17% | ₹25.40 (-1.86%) |
| AVP Infracon Ltd. | SME | ₹52.34 Cr | ₹75 | 11.2 | ₹75.05 | +0.07% | ₹57.70 (-0.43%) |
| Pratham EPC Projects Ltd. | SME | ₹36.00 Cr | ₹75 | 12.72 | ₹118.95 | +58.60% | ₹115.20 (-3.19%) |
| Atmastco Ltd. | SME | ₹56.25 Cr | ₹77 | 11.6 | ₹95.55 | +24.09% | ₹158.35 (-2.88%) |
| Rudra Gas Enterprise Ltd. | SME | ₹14.16 Cr | ₹63 | 10.9 | ₹125.68 | +99.49% | ₹73.00 (-1.08%) |
| Konstelec Engineers Ltd. | SME | ₹28.70 Cr | ₹70 | 9.9 | ₹220.50 | +215.00% | ₹64.50 (-4.94%) |
| Vishnusurya Projects & Infra Ltd. | SME | ₹49.98 Cr | ₹68 | 2.69 | ₹76.65 | +12.72% | ₹162.00 (+1.25%) |
| Chavda Infra Ltd. | SME | ₹43.26 Cr | ₹65 | 9.72 | ₹86.45 | +33.00% | ₹105.00 (-0.24%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 31.50 |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company | 10.00 |
| 3 | Funding the Working Capital requirement | 46.00 |
| 4 | Investment In Joint Venture Project | 12.00 |
| 5 | General corporate purposes | 23.88 |
About SRM Contractors IPO
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 stabi
Contact Details
SRM Contractors Ltd. AddressSector 3Near BJP Head OfficeTrikuta NagarJammu, Jammu and Kashmir, 180012+91 84918 77114cs@srmcpl.comVisit Website