About SRM Contractors LimitedIncorporated in 2008, SRM Contractors Limited is an engineering, construction and development company. It primarily undertakes the construction of roads (including bridges), tunnels, slope stabilisation works, and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh. The company works as an EPC (Execution, Procurement, Construction) contractor executing entire projects, as well as on an item rate basis. It also undertakes sub-contracting assignments for infrastructure construction projects from other entities. It has completed 38 infrastructure projects since 2008 with an aggregate contract value of ₹1,411 crore. As of 31 January 2024, its order book consists of 21 ongoing projects - 11 road projects, five tunnel projects, four slope stabilisation projects, and one other civil work, with a total order book value of ₹1,199 crore. Its clients include National Highways & Infrastructure Development Corporation, Ministry of Road Transport & Highways, Konkan Railway Corporation, Jammu and Kashmir Economic Reconstruction Agency, Border Road Organisation, Public Works Department of Jammu & Kashmir, Northern Railway, Irrigation & Flood Control Department of J&K, and J&K Rural Roads Development Agency. Between FY21 and FY23, it saw a CAGR rise of 23% in its revenue from operations and 31% in its profit. Moreover, the highway construction industry in India is projected to grow at a rate of 133% by 2025, which could be beneficial for the company. And now, SRM Contractors Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue, and the money will be utilised to repay borrowings, fund the capital expenditure for the purchase of new machinery, fund working capital requirements, invest in project-specific joint venture projects, and for general corporate purposes. Its shares will be listed on the NSE and BSE. Here are key details about the SRM Contractors Limited IPO:
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Here’s a quick look at SRM Contractors Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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SRM Contractors Limited IPO details|SRM Contractors Limited IPO dateAccording to the offer document filed by the company with the SEBI, the SRM Contractors IPO’s opening date – in other words, the SRM Contractors IPO launch date – will be 26th March 2024. The SRM Contractors IPO closing date is 28th March 2024. After this, investors will be updated about the allotment status on 1st April 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 2nd April 2024. The SRM Contractors IPO listing date is 3rd April 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |SRM Contractors Limited IPO Price BandThe IPO is a fresh issue. The SRM Contractors IPO price band has been set between ₹200 and ₹210 per share. Interested investors can choose a price within this band to apply for the IPO. The SRM Contractors IPO listing price will be determined on 3rd April 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. |SRM Contractors Limited IPO Lot size The SRM Contractors IPO details have been declared. The SRM Contractors IPO lot size is set at 70 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the SRM Contractors IPO issue size is approx ₹130 crore. |
How to pre-apply for the SRM Contractors Limited IPO?You can pre-apply for the SRM Contractors Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the SRM Contractors Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the SRM Contractors Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the SRM Contractors Limited IPO on Upstox:
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How to check the SRM Contractors LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the SRM Contractors Limited IPO allotment status:
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Open a demat account with Upstox to apply for the SRM Contractors Limited IPOTo apply for the SRM Contractors Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the SRM Contractors Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the SRM Contractors Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the SRM Contractors IPO means applying for this public issue before it goes live. Click here to pre-apply for the SRM Contractors IPO on Upstox.
You can pre-apply for the SRM Contractors IPO from 23 March 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the SRM Contractors IPO opens for the subscription.
The SRM Contractors IPO launch date is 26th March 2024. The SRM Contractors IPO will be open for subscription till 28th March 2024.
The SRM Contractors lot size is 70 shares and the minimum investment required is ₹14,700.
The SRM Contractors IPO price band is ₹200 – ₹210 per share.
The size of the SRM Contractors IPO is approx. ₹130 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 2nd April 2024.
SRM Contractors shares will be on NSE and BSE.
SRM Contractors shares’ listing date is 3rd April 2024.