Skip to main content

SRM Contractors Limited IPO (SRM Contractors IPO) Detail March 26, 2024 - March 28, 2024

Are you ready to invest in the future of infrastructure development? SRM Contractors Limited is proud to announce its Initial Public Offering (IPO) from March 26, 2024, to March 28, 2024. This IPO marks an exciting opportunity for investors to become part of our journey in shaping the infrastructure landscape of the Union Territories of Jammu and Kashmir and Ladakh.
Key Highlights:
- Issue Size: SRM Contractors IPO is a book built issue of Rs 130.20 crores, entirely comprising a fresh issue of 0.62 crore shares.
- Subscription Dates: The subscription period for SRM Contractors IPO opens on March 26, 2024, and closes on March 28, 2024.
- Allotment Date: The allotment for SRM Contractors IPO is expected to be finalized on Monday, April 1, 2024.
- Listing Date: SRM Contractors IPO will list on BSE, NSE, with a tentative listing date fixed as Wednesday, April 3, 2024.
- Price Band: The IPO price band is set at ₹200 to ₹210 per share, with a minimum lot size for an application of 70 Shares.
- Lead Manager: Interactive Financial Services Ltd is the book running lead manager, while Bigshare Services Pvt Ltd is the registrar for the issue.

SRM Contractors IPO Reservation:
- 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 Timeline (Tentative Schedule):
- IPO opens on March 26, 2024, and closes on March 28, 2024.
- Basis of Allotment: Monday, April 1, 2024
- Listing Date: Wednesday, April 3, 2024

Lot Size and Investment Options:
- Investors can bid for a minimum of 70 shares and in multiples thereof.
- Retail investors can invest a minimum amount of ₹14,700, while sNII and bNII have different lot size investments.

About SRM Contractors Limited:
Established in 2008, SRM Contractors Limited specializes in construction and development, focusing on roads, tunnels, slope stabilization works, and other civil construction activities in Jammu and Kashmir and Ladakh. With 37 completed infrastructure projects and a dedicated workforce of 293 employees, we are committed to delivering excellence in every endeavor.

Financial Performance:
- SRM Contractors Limited has demonstrated steady revenue growth, with a 13.24% increase in revenue and a 6.71% rise in profit after tax between March 31, 2022, and March 31, 2023.
- Our market capitalization stands at Rs 481.83 Cr as of March 31, 2023, reflecting our strong performance and market presence.
Objectives of the Issue:
The proceeds from the IPO will be utilized for funding capital expenditure, repayment of outstanding borrowings, working capital requirements, investment in joint venture projects, and general corporate purposes, further strengthening our position in the industry.

Join us in building a better tomorrow with SRM Contractors Limited. Invest in our IPO and be part of our journey towards sustainable infrastructure development. For detailed information, refer to the SRM Contractors IPO DRHP. Invest wisely, invest in SRM Contractors Limited.
Labels:

Comments

Post a Comment

Popular posts from this blog

Exciting IPO and Listing Activities Set to Kick Off FY25: Bharti Hexacom Leads the Charge

Get ready for a dynamic start to FY25 as Bharti Hexacom spearheads the IPO wave, alongside a lineup of 10 companies gearing up for listings. Stay informed about the latest market movements and investment opportunities. As the financial year FY25 unfolds on April 1, brace yourselves for a captivating week marked by significant IPO and listing activities. Leading the charge is Bharti Hexacom, the fixed-line telephone and broadband services provider, set to embark on its Rs 4,275-crore IPO journey on April 3. With a price band ranging from Rs 542 to Rs 570 per share, this offering comprises an exclusive offer-for-sale of 7.5 crore equity shares by public shareholder Telecommunications Consultants India. A subsidiary of Bharti Airtel, Bharti Hexacom holds immense promise in the market, with Airtel retaining a commanding 70 percent stake, while Telecommunications Consultants India owns the remaining 30 percent. Investors keen on participating in this groundbreaking opportunity m...
Post a Comment
Read more

Unlocking Opportunities with Aspire & Innovative Advertising IPO

Are you ready to seize the next big investment opportunity? Aspire & Innovative Advertising is bringing its IPO to the market, and it's your chance to be part of something groundbreaking in the logistics sector. With Moneycontrol Go Pro, you can access this opportunity for just ₹99. Home in on Success: Navigate your financial journey with precision using Moneycontrol's comprehensive resources. Whether you're tracking the latest news on Election 2024, monitoring market trends, or staying updated on developments like the Ram Mandir construction, Moneycontrol has you covered. Empowering Investors: Dive into the heart of the markets with Moneycontrol's expert insights and analysis. From stocks to commodities, mutual funds to personal finance tips, our platform equips you with the knowledge you need to make informed investment decisions. Stay Informed, Stay Ahead: With Moneycontrol, you're not just a spectator – you're an active participant in the fin...
Post a Comment
Read more

Market Milestones: Nifty 50 and Sensex Hit Record Highs – Unraveling the Numbers on December 19th

In a striking turn of events on Tuesday, December 19, the Nifty 50 and Sensex, two of India's foremost benchmark indices, soared to unprecedented heights during intraday trading. Investors and market enthusiasts witnessed a remarkable surge, with the Nifty 50 reaching an all-time high of 21,505.05, and the Sensex touching a pinnacle at 71,623.71. Nifty 50's Ascension: The Nifty 50, representing the National Stock Exchange of India's top-performing 50 companies, concluded the trading day with a substantial 34-point gain. This surge, equivalent to a 0.16% increase, propelled the index to a closing figure of 21,453.10. Investors and analysts are scrutinizing this surge, delving into the factors that contributed to the Nifty 50's impressive performance.  Sensex Surpasses Expectations: Simultaneously, the Bombay Stock Exchange's Sensex witnessed a commendable upswing. Closing at 71,437.19, the Sensex marked a 122-point gain, reflecting a 0.17% rise. This surg...
Post a Comment
Read more