SRM Contractors Ltd. IPO

SRM Contractors Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

+₹15.00 (+7.14%)

Listing Gains

IPO Details

Bidding Dates

26 Mar - 28 Mar '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹200 - ₹210

Price Range

Issue Size

124 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • Employees

About Company

About SRM Contractors Limited SRM Contractors Limited (SCL) was founded in 2008, and it specializes in building roads (including bridges), tunnels, slope stabilization projects, and other construction projects in the Union Territories of Jammu & Kashmir and Ladakh. The business subcontracts infrastructure construction projects and works as an EPC contractor for infrastructure projects, billing on a unit-price basis. Following are the company's principal business verticals: 1. Road Projects: These include designing, building, widening, upgrading, strengthening, and/or improving roads, bridges, and highways in the Union Territories of Jammu and Kashmir and Ladakh, as well as their maintenance. 2. Tunnel Projects: These include the design and building of new tunnels, as well as cut-and-cover tunnels for the protection of landslides and avalanches, as well as caverns. They also include the expansion, upgrading, restoration, and/or strengthening and improvement of existing tunnels in the Union Territories of Jammu and Kashmir and Ladakh, including the creation of niches or modifications in niches. 3. Slope Stabilization Works: as part of the slope stabilization work, reinforced embankment structures are planned and built. Other non-essential civil construction tasks include building private and public housing, constructing drainage systems, and installing irrigation and flood control measures. By March 2024, the company will have finished 37 infrastructure construction projects totaling Rs. 77,088.00 lakhs, which include 3 tunnel projects, 1 slope stabilization project, 2 miscellaneous construction projects, and 31 road projects. Of the 37 projects, 8 were carried out through project-specific joint ventures, and 29 infrastructure construction projects, including subcontracts, were handled independently by the company.

Why should you invest in SRM Contractors Ltd. IPO?

SRM Contractors Limited undertakes construction works both as an EPC contractor and on an item-rate basis for infrastructure projects. The Company also undertakes sub-contracting assignments for infrastructure construction projects. It has a track record of successful execution of road, tunnel, and slope stabilization projects in the difficult terrain of union territories of Jammu & Kashmir and Ladakh. The Company has emerged as a key player in the infrastructure construction industry in the Union Territories of Jammu & Kashmir and Ladakh and has developed technical capabilities to execute projects in hilly/challenging terrain in the region. SCL is an ISO 9001:2015 certified company and is also registered as a class A contractor with the Public Work (R&B) Department, Jammu & Kashmir. 

As a result of the growth of its road and tunnel construction business, as well as the recent government initiatives and support to develop the infrastructure of union territories of Jammu & Kashmir and Ladakh, the company has further forayed into executing other infrastructure projects such as standalone bridges, larger slope stabilization works, and other miscellaneous civil construction activities to capitalize on such rising opportunities. As of January 31, 2024, its order book consists of 21 infrastructure construction projects. Its order book in terms of the value of contracts, including subcontracting assignments, was Rs. 1199.31 cr. as of January 31, 2024.

SRM Contractors Ltd. IPO - SWOT Analysis


  1. The company has a diversified portfolio of construction and infrastructure services, including commercial, residential, and industrial buildings, road projects, tunnel projects, bridges, and slope stabilization works.
  2. Being based in Jammu, India, SRM Contractors Limited may benefit from lower operational costs compared to contractors in some other parts of India.


  1. The company lacks a strong online presence. This could make it difficult for potential clients to find them or learn about their services.
  2. The company's focus on Jammu may limit its potential market reach.


  1. The Indian government is investing heavily in infrastructure development. This could create significant opportunities for SRM Contractors Limited.
  2. The company could expand its reach by targeting new markets in metro cities.


  1. The construction industry is competitive. SRM Contractors Limited may face competition from other companies that are larger or more experienced.
  2. The Indian economy is subject to boom-and-bust cycles. This could lead to fluctuations in demand for SRM Contractors Limited's services.

How to apply for SRM Contractors Ltd. IPO?

You can apply for the SRM Contractors Ltd. IPO in these ways:

Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

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SRM Contractors Ltd. IPO FAQs

What are the opening and closing dates for SRM Contractors Limited?

SRM Contractors Limited IPO will open for subscription on March 26, 2024 and close on March 28, 2024.

What is the price band for SRM Contractors Limited?

The price band for SRM Contractors Limited is ₹200 to ₹210 per share.

What is the minimum and maximum lot size for SRM Contractors Limited?

The minimum lot size is 70 shares.

Who are SRM Contractors Limited's lead managers?

Interactive Financial Services Limited is the Book Running Lead Manager (BRLM) to the issue.

Who is the registrar of the issue?

Bigshare Services Pvt Ltd is the registrar for SRM Contractors Limited IPO.

When will the SRM Contractors Limited allotment take place?

The finalization of the basis of allotment for SRM Contractors Limited will be done on April 1, 2024, and the allotted shares will be credited to investors’ demat accounts by April 2, 2024.

When and where will the SRM Contractors Limited shares be listed?

The equity shares of SRM Contractors Limited are anticipated to be listed on April 3, 2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).


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