SRM Contractors Limited IPO
SRM Contractors Limited IPO
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SRM Contractors Limited's has transitioned to a publicly listed entity following its IPO debut on 03-04-2024 at the NSE, BSE exchange. The public offering successfully raised 62,00,000 Shares, consisting of 62,00,000 Sharesin new capital.
The IPO featured a competitive price range of ₹200 to ₹210 and minimum application size of 70 shares. Market reception was evidenced through subscription activity between 26-03-2024 and 28-03-2024, reflecting investor appetite for the offering.
Allotment of shares was completed on 01-04-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
SRM Contractors IPO About Company
SRM Contractors Limited, founded in 2008, is a prominent infrastructure development company specializing in EPC and unit-price construction projects across Jammu & Kashmir and Ladakh. The company’s expertise spans road construction, tunnel projects, slope stabilization, and diverse civil works, demonstrating its ability to execute complex infrastructure solutions. With a strong portfolio that includes road realignment, bridge construction, and tunnel development, SRM Contractors has successfully completed 37 projects as of March 2024. Supported by a skilled workforce of 275 full-time employees, the company remains dedicated to innovation, quality, and sustainable growth in the region's infrastructure sector.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
SRM Contractors IPO Strength Factors
- Proven Expertise in Tough Terrain: The company has a strong track record of successfully handling infrastructure projects like roads, tunnels, and slope stabilization in the challenging landscapes of Jammu and Kashmir.
- Smart and Efficient Operations: By focusing on projects within Jammu & Kashmir and Ladakh, the company optimizes resources, streamlines operations, and maximizes efficiency, leading to better project execution and profitability.
- Strong Financial Backbone: With consistent financial stability, SRM Contractors effectively manages costs, generates solid revenue, and stays profitable—giving it the strength to grow, invest, and tackle new opportunities.
SRM Contractors IPO Risk Factors
- Regional Business Risks: Since the company operates mainly in Jammu & Kashmir and Ladakh, any economic, regulatory, or political changes in these areas could directly impact its business and financial health.
- Potential Financial Liabilities: The company may face unforeseen financial obligations (contingent liabilities), which could affect its profitability and require significant resources if they arise.
- Reliance on Promoters' Guarantees: The company depends on personal guarantees and mortgaged properties from its promoters for loans. If these guarantees are revoked, it could create financial challenges, affect credit access, and disrupt operations.
SRM Contractors IPO Lead Manager(s)
- Interactive Financial Services Limited
SRM Contractors IPO Promoter(s)
- Sanjay Mehta
- Ashley Mehta
- Puneet Pal Singh
SRM Contractors IPO FAQs
SRM Contractors Limited IPO subscribed 86.57 times. The public issue subscribed 46.97 times in the retail category,59.59times in QIB, and 220.57 times in the HNI (10+) category byNovember 19, 2025 9:09:13 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
SRM Contractors IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
SRM Contractors IPO FAQs
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