31 Mar 2021
Assets112.47
Total Income161.95
Profit After Tax8.27
NET Worth26.85
Reserves and Surplus25.32
Total Borrowing31.96
At a glance
Updated 2026-09-15The shares listed at ₹215.25, a 2.50% move from the issue price. SRM Contractors is a Mainboard IPO with an issue size of ₹130.20 crore, proposed for listing on BSE, NSE. The offer opens on 26th Mar 2024 and closes on 28th Mar 2024. The issue structure includes a fresh issue of ₹130.20 crore. The current listing schedule points to 3rd Apr 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹130.20 Cr
Fresh issue₹130.20 Cr
Face value₹10
Price band₹200.00–₹210.00
Allotment1st Apr 2024
Listing3rd Apr 2024
Listing performance
Full performance ↗Issue price₹210.00
Listing price₹215.25
Current price—
Listing gain2.50%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹70.00
GMP / upper price33.33%
Est. listing₹280.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens26th Mar 2024
Closes28th Mar 2024
Allotment1st Apr 2024
Refund2nd Apr 2024
Demat2nd Apr 2024
Listing3rd Apr 2024
Subscription demand
Full bidding ↗Total86.57×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 70 | ₹14,700 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding capital expenditure requirements for the purchase of equipment/machineries | ₹31.50 Cr |
| Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company | ₹10.00 Cr |
| Funding the Working Capital requirement | ₹46.00 Cr |
| Investment In Joint Venture Project | ₹12.00 Cr |
| General corporate purposes | ₹23.88 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue242.28₹ Cr · -19.4% vs prior year
PAT21.07₹ Cr · +12.4% vs prior year
Assets168.87₹ Cr · +22.9% vs prior year
Net Worth37.24₹ Cr · -41.0% vs prior year
Borrowing42.32₹ Cr · -10.3% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets120.22
Total Income265.51
Profit After Tax17.57
NET Worth44.41
Reserves and Surplus42.89
Total Borrowing31.52
31 Mar 2023
Assets137.36
Total Income300.65
Profit After Tax18.75
NET Worth63.16
Reserves and Surplus46.41
Total Borrowing47.16
31 Dec 2023
Assets168.87
Total Income242.28
Profit After Tax21.07
NET Worth37.24
Reserves and Surplus67.48
Total Borrowing42.32
KPIs
| KPI | Dec 31, 2023 |
|---|---|
| ROCE | 29.43% |
| Debt / Equity | 0.50% |
| RoNW | 25.02% |
| PAT Margin | 8.98% |
| Price to Book Value | 4.17 |
Valuation & shareholding
Pre-IPO EPS11.20
Post-IPO EPS12.24
Pre-IPO P/E18.76
Post-IPO P/E17.15
Promoter holding pre99.92%
Promoter holding post72.92%
Market cap₹481.83 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| SRM Contractors IPO | — | 17.15 x | — | — |
| Lumino Industries IPO | — | 15.62 x | — | — |
| Technocraft Ventures IPO | — | 19.38 x | — | — |
| Om Power IPO | — | 19.23 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission) | ₹2.81 Cr |
| Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDP | ₹0.65 Cr |
| Advertising and marketing expenses | ₹0.51 Cr |
| Fee payable to auditors, consultants and market research firms | ₹0.05 Cr |
| Fees to regulators, including Stock Exchanges | ₹1.73 Cr |
| Others; (i) Listing fees, SEBI, BSE and NSE processing fees, book building software fees and other regulatory expenses (ii)Printing and distribution of stationery (iii) Fees payable to the Registrar to the Issue (iv) Fees payable to Legal Counsel (v) Fees payable to Monitoring Agency; and (vi). Miscellaneous | ₹1.06 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Interactive Financial Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-15.
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