Issue Price
₹210
Per Share
GMP
NIL
Grey Market
Est. Listing
₹210
Expected Price
Min. Application
₹29,400
2 lots × 70 shares
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.
SRM Contractors Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 6,200,000 | 100.00% | ₹130.20 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,700 |
| Retail (Max) | 13 | 910 | ₹191,100 |
| sNII (Min) | 14 | 980 | ₹205,800 |
| bNII (Min) | 69 | 4,830 | ₹1,014,300 |
| Particulars | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 242.28 | 300.65 | 265.51 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 21.07 | 18.75 | 17.57 |
| Net Worth | 37.24 | 63.16 | 44.41 |
| Total Assets | 168.87 | 137.36 | 120.22 |
| Reserves & Surplus | 67.48 | 46.41 | 42.89 |
| Total Borrowings | 42.32 | 47.16 | 31.52 |