Srm Contractors Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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SRM Contractors

CMP

180.85

+0.06 (0.03%)

  • DRHP
₹210

Offer Price

₹ 130.20 Cr

Issue Size

₹ 14,700

Min Investment

86.57x

Times Subscribed

70

Lot size

Time Line

  • 26
    Mar 2024
    Open
  • 28
    Mar 2024
    Close
  • 01
    Apr 2024
    Finalisation of Basis of Allotment
  • 02
    Apr 2024
    Initiation of Refunds
  • 02
    Apr 2024
    Transfer of Shares to Demat Account
  • 03
    Apr 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Bid for, win and operate hybrid annuity model-based projects.

  • Expansion of fleet of machinery and equipment.

  • Focus on rationalizing our indebtedness.

  • Further enhance its project execution capabilities.

  • Develop and maintain strong relationships with its clients and project specific joint venture partners.

Products & Services

  • The Company is an engineering construction and development company engaged primarily in the construction of roads, tunnels, slope stabilisation works and other miscellaneous civil construction activities.

Strengths

  • Proven track record of efficient execution of roads, tunnels and slope stabilisation works in the difficult terrain of union territory of Jammu and Kashmir.

  • Efficient business model of selecting and clustering of our projects in the union territories of Jammu & Kashmir and Ladakh.

  • Continuous Focus on equipment ownership.

  • Strong financial performance in the last three financial years.

  • In-house integrated model.

Risks

  • The company`s business is concentrated in the Union Territory of Jammu & Kashmir and Ladakh and the company is exposed to risks emanating from economic, regulatory and other changes in the Union Territory of Jammu & Kashmir and Ladakh.

  • Its revenue is majorly concentrated from projects undertaken or awarded by government authorities in Union Territory of Jammu & Kashmir and Ladakh. Any adverse changes in the central or policies in the Union Territory of Jammu & Kashmir and Ladakh may lead to its contracts being foreclosed, terminated, restructured or renegotiated, which may have a material effect on its business and results of operations.

  • The company derives a significant portion of its revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospects.

  • The company may have certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.

  • The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.

Company Promoters

Promoters Holding

Issue For IPO
90.37%
Pre Holding

90.37%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 263.61 (64.70%) 300.29 (13.90%) 30.14 (-)
Gross Profit 263.61 (64.70%) 300.29 (13.90%) 30.14 (-)
Net Income 263.61 (64.70%) 300.29 (13.90%) 30.14 (-)
Assets 263.61 (64.70%) 300.29 (13.90%) 30.14 (-)
Liabilities 263.61 (64.70%) 300.29 (13.90%) 30.14 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
SRM Contractors Ltd 300.29 18.75 110.32 47.17 30.14 11.20 37.72 3.30 0.43
Man Infraconstruction Ltd 1,890.35 258.57 1,780.83 1,780.83 23.73 6.96 30.85 14.51 0.19
ITD Cementation India Ltd 5,090.91 124.24 5,016.53 5,016.53 10.03 7.23 72.27 2.47 0.59
Likhitha Infrastructure Ltd 364.96 59.52 296.04 296.04 23.80 15.28 63.62 20.10 0.00
Udayshivakumar Infra Ltd 286.90 16.05 284.64 284.64 11.12 4.37 26.05 5.63 0.31

Book Running Managers

  • Interactive Financial Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Sector 3 Near BJP Head Office,
Trikuta Nagar,
Jammu - 180012
Phone : +91 84918 77114/+0191 2472729 Email : cs@srmcpl.com www.srmcpl.com

Offer Related Information

Initial public offering of up to 62,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of SRM Contractors Limited ("The Company" or the "Issuer") for cash at a price of Rs. 210 per equity share (including a securities premium of Rs. 200 per equity share) ("Issue Price") aggregating up to Rs. 130.20 crores ("The Issue"). The issue will constitute 27.02 % of our post-issue paid-up equity share capital. The face value of the equity shares is Rs. 10 each and the issue price is 21... More

News

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