SRM CONTRACTORS
SRM Contractors specializes in civil construction projects across Jammu & Kashmir and Ladakh. They handle roads (including bridges), tunnels, slope stabilization,
and other similar projects.
The company works as both an EPC contractor (handling the entire project) and takes on specific parts of larger infrastructure projects. Notably, they completed a 27 km road realignment project in Ladakh (Zozila-Kargil-Leh road) worth INR 205.68 crore in 2023.
In total, SRM Contractors has finished 37 projects valued at INR 770.88 crore. This includes 31 roads, 3 tunnels, 1 slope stabilization project, and 2 other civil
construction projects. As of September 2023, they have 21 ongoing
infrastructure projects.
Their impressive client list includes government agencies like the National Highways & Infrastructure Development Corporation Limited (NHIDCL), Konkan Railway Corporation Limited (KRCL), the Border Roads Organisation (BRO), and various agencies under the Jammu & Kashmir government
SRM Contractors IPO Details
| Signature Global IPO Details | ||
|---|---|---|
|
SRM Contractors IPO Dates |
26 – 28 March 2024 |
|
|
SRM Contractors Issue Price |
INR 200 – 210 per share |
|
|
Fresh issue |
6,200,000 shares (INR 124 – 130.20 crore) |
|
|
Offer For Sale |
NIL |
|
|
Total IPO Size |
6,200,000 shares (INR 124 – 130.20 crore) |
|
|
Minimum bid (size) |
70 shares (INR 14,700) |
|
|
Face Value |
INR 10 per share |
|
|
Retail Allocation |
35% |
|
|
Listing On |
BSE, NSE |
|
SRM Contractors Financial Performance
| Signature Global Financial Performance | ||||
|---|---|---|---|---|
|
|
FY21 |
FY22 |
FY23 |
9M FY 2024 |
|
Revenue |
160.06 |
263.61 |
300.29 |
234.55 |
|
Expenses |
151.11 |
242.21 |
275.60 |
214.12 |
|
Net income |
8.27 |
17.57 |
18.75 |
21.07 |
|
Margin (%) |
5.17 |
6.67 |
6.24 |
8.98 |
Figures in INR Crore unless specified otherwise