| ipo Date | Min. Investment | Lot Size | Price Range | Issue Size | IPO Doc |
|---|---|---|---|---|---|
| 26 Mar – 28 Mar 2024 | ₹14,000 | 70 | ₹200 – ₹210 | 130.20 Cr | View |
About SRM Contractors IPO
SRM Contractors Limited is an engineering construction and development company specializing in civil construction projects. Our expertise includes road construction, bridge building, tunnel construction, and slope stabilization efforts. As an EPC contractor, we offer item rate-based services for infrastructure projects and also undertake subcontracting assignments. Our primary operational areas are the Union Territories of Jammu & Kashmir and Ladakh. We focus on three main business verticals: road projects, tunnel projects, and slope stabilization works. Additionally, we handle various other civil construction activities, such as drainage works and the construction of government housing and residential units.
Contents
SRM Contractors IPO timeline:
| SRM Contractors IPO | Date |
|---|---|
| IPO Offer Start | 26 March 2024 |
| IPO Offer Ends | 28 March 2024 |
| Allotment Finalisation | 1 April 2024 |
| Refund Initialisation | 2 April 2024 |
| Share Transfer to Demat | 2 April 2024 |
| Date of Listing | 3 April 2024 |
Financial Performance Overview
| Year | Revenue | Total Assets | Profit (PAT) |
|---|---|---|---|
| 2021 | 160 | 112 | 8.27 |
| 2022 | 264 | 120 | 17.57 |
| 2023 | 300 | 137 | 18.75 |
Strengths and Risks of SRM Contractors
Strengths:
- Completion of 37 infrastructure construction projects since establishment.
- Diverse portfolio including road projects, tunnel projects, slope stabilization work, and miscellaneous civil construction activities.
- Ownership and maintenance of 227 equipment and machinery, facilitating efficient project execution.
- Consistent revenue growth, with 13.91% year-on-year increase in FY 2023.
- Profitable operations, reporting Profit after tax in successive financial years.
Risks:
- Concentration of operations in Jammu & Kashmir and Ladakh, exposing the company to regional economic and regulatory fluctuations.
- Dependency on a limited number of clients, with top 5 clients contributing 71.66% of revenues in FY 2022-23.
- Working capital-intensive operations with lengthy implementation periods, requiring significant financing.
- Litigation proceedings involving the company, promoters, directors, and joint ventures, posing potential risks.
- Reliance on subcontractors for contract execution, exposing the company to risks associated with subcontractor availability and performance.
