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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.
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