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SRM Contractors IPO – Important Dates, Price, GMP & Buy or Not

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SRM Contractors Limited who are involved in construction and development services are raising ₹ 130 crores approximately through initial public offerings (IPO). The IPO will be open from 26 March, 2024 and will close on 28 March, 2024. The IPO Price band is set to 210 and a retail investor can do minimum investment of 14,700 for a single lot of 70 shares and you can apply for maximum of 13 lot.

SRM Contractors Limited Company Incorporated in 2008 are primarily in the construction of roads, tunnels, slope stabilization works and other construction activities in Jammu & Kashmir and also in Ladakh.

Company is also included in sub-contracting assignments of infrastructure projects. They are market leaders in Slope Stabilization and RE Wall Projects in India. Company is dedicated to upholding the highest standards of safety, quality, and efficiency in every aspect of our work.

SRM Contractors IPO Important Dates And Prices

IPO Opening Date26 March, 2024
IPO Closing Date28 March, 2024
IPO Allotment Date1 April, 2024
Date of Refund Initiation2 April, 2024
Single Price₹ 210
Total Shares70/Lot
Minimum Investment₹ 14,700
Maximum Lot You Can Apply For13 Lot (₹191,100)
IPO Listing03 April, 2024
Listing OnBSE & NSE

SRM Contractors Limited IPO Important Details

IPO Issue Size₹ 130.2 Crores
IPO Face Value₹ 10/Share
IPO Retail Percentage35%
IPO QIB Percentage50%
IPO Mandate Last Date28 March, 2024 (Till 5 PM)
IPO RegistrarBigshare Services Pvt Ltd

SRM Contractors IPO GMP (Grey Market Premium)

As On 25-03-2024₹ 70
As On 26-03-2024₹ 95
As On 27-03-2024₹ 115
As On 28-03-2024₹ 110

SRM Contractors Limited Company Qualities

  • Company have maintained a track record of successful execution of road, tunnel and slope stabilization.
  • Till Now From 2008, they have increased their execution capabilities in terms of the size of projects and execution.
  • Company is also in construction of government housing and residential units, drainage works, Irrigation & Flood Control Works.

SRM Contractors Limited Promoters

  • Sanjay Mehta (Managing Director)
  • Ashley Mehta (Non-executive Director)
  • Puneet Pal Singh (Whole-time Director)

    Shareholding Pattern or Promoter Holding in SRM Contractors IPO

    Equity ShareholdingNo. of SharesPercentage of Shares
    Pre Issue16,744,20099.92%
    Post Issue22,944,20072.92%

    SRM Contractors IPO Review (May Apply)

    SRM Contractors company EPS(Earning Per Share) is 90.82. The company has an ROCE of around 29.4% and RoNW of about 25%. PAT Margin Percentage of SRM Contractors Limited is 8.9%. You May Buy this IPO. Check subscription status after the first day of opening, if it is subscribed higher, then only apply on the 2nd day of opening.

    SRM Contractors IPO Important Links

    Allotment Status or Registrar LinkBigshare Services Pvt Ltd
    Company Websitesrmcpl.com
    Incorporated InSeptember 4, 2008
    Registered OfficeSector 3, Near BJP Head Office, Trikuta Nagar,
    Jammu – 180012, Jammu and Kashmir, India
    DownloadRHP PDF

    FAQ’s Related to SRM Contractors IPO

    1. From Which Date SRM Contractors Limited IPO will open?

      SRM Contractors IPO will open from 26th March, 2024.

    2. What is the Last date to apply for the SRM Contractors IPO?

      SRM Contractors IPO Last Date to Apply is 28th March, 2024.

    3. When Is the SRM Contractors Limited Company Incorporated?

      SRM Contractors is Incorporated in 2008 and their headquarter is in Trikuta Nagar, Jammu 180012.

    4. How many shares are there in One Lot of SRM Contractors Limited IPO?

      SRM Contractors Limited IPO – 1 Lot includes 70 Shares with Minimum Investment of 14,700 Only ( 210 per share value).

    5. When is the issue size and face value of SRM Contractors IPO?

      Issue size of SRM Contractors IPO is approximately 130 Crores and has a face value of 10 per equity share.

    6. Can I submit multiple applications for SRM Contractors IPO from different Apps?

      No, You can not submit multiple applications From different apps using same PAN card. If you do so, all of your applications will be cancel. Instead you can apply for multiple lots from a single application if needed.

    How You Can Apply For SRM Contractors IPO or Any Other IPO?

    You must first open a DEMAT account in order to apply for the SRM Contractors IPO. With Groww, Paytm Money, Angel One, Upstox, Zerodha, and Paytm, you can open a Demat account online. After opening your DEMAT account, simply open any of the above mentioned apps, go to the IPO section, choose SRM Contractors Limited IPO, and then click Apply Now to submit an application for a mandate. You can apply using your UPI ID by clicking on Apply For IPO after entering your investment lots and your UPI ID. Within a few minutes of clicking “Apply for IPO,” a mandate request will appear on your UPI platform. It can sometimes take up to an hour.

    If You did not received Mandate Request, You Can Even Cancel the IPO application From the App You Applied For the IPO And After Cancelling the Application, You can apply once again for the SRM Contractors IPO or any other IPO which you want to Buy. On receiving Mandate, click on Accept Mandate and Enter your UPI Pin and your Mandate Amount or the IPO Amount will be blocked by the Bank, till the date of allotment. If SRM Contractors IPO is not allotted to you, you will get your money back in the bank, your mandate will be cancelled in that case.

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