SRM Contractors IPO Opening today at price band of ₹200 to ₹210 per share, Check out Financial details and Halal Status
SRM Contractors IPO Opening today on 26 March 2024 at price band of ₹200 to ₹210 per Share, and closes on 28 March 2024. SRM Contractors IPO is a book built issue of Rs 130.20 crores and issue of 0.62 crore shares which is totally fresh issue.
On 1 April 2024 the allotment for the SRM Contractors IPO is expected to be complete, and the tentative date for listing on NSE, BSE is fixed as 03 April 2024.
To apply for this IPO, retail investors will have to invest at least Rs 14700, which will be 70 shares of 1 lot; for SNII, they will have to invest at least Rs 205,800, which will be 980 shares of 14 lots; and for BNII, they will have to invest a minimum amount of Rs 1,014,300, which will include 4,830 shares of 69 lots.
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SRM Contractors IPO Halal Status
Everyone wants to earn profit by investing in an IPO, but as a Muslim investor, it is our duty to always check the halal status of the IPO in which we are going to apply. In the case of SRM Contractors IPO, we have found that SRM Contractors IPO is halal and shariah compliant. To check its halal and shariah compliant status, we have taken the help of the Islamic Stock app, which is verified by Darul Uloom Deoband. To know the complete details, read this post completely so that you can get the answer to all your questions.
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SRM Contractors Limited Overview
SRM Contractors Limited specializes in infrastructure projects in Jammu and Kashmir and Ladakh, working as an EPC contractor. Their focus areas include roads, tunnels, slope stabilization, and civil construction like government housing. By March 2024, they completed 37 projects worth Rs. 77,088.00 lakhs, spanning road, tunnel, slope stabilization, and miscellaneous construction. With a workforce of 275 specialists and workers, SRM Contractors remains dedicated to advancing infrastructure in the region.
SRM Contractors IPO Timeline
| IPO OPEN DATE | 26 MAR 2024 |
|---|---|
| IPO CLOSE DATE | 28 MAR 2024 |
| ALLOTMENT DATE | 01 APR 2024 |
| CREDIT OF SHARE TO DEMAT A/C | 02 APR 2024 |
| LISTING DATE | 03 APR 2024 |
| INITIATION OF REFUNDS | 02 APR 2024 |
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SRM Contractors IPO Financial Details (Restated Consolidated)
| PERIOD ENDED | 31 DEC 2023 | 31 MAR 2023 | 31 MAR 2022 | 31 MAR 2021 |
|---|---|---|---|---|
| ASSETS | 168.87 | 137.36 | 120.22 | 112.47 |
| REVENUE | 242.28 | 300.65 | 265.51 | 161.95 |
| PROFIT AFTER TAX | 21.07 | 18.75 | 17.57 | 8.27 |
| NET WORTH | 37.24 | 63.16 | 44.41 | 26.85 |
| RESERVES & SURPLUS | 67.48 | 46.41 | 42.89 | 25.32 |
| BORROWING | 42.32 | 47.16 | 31.52 | 31.96 |
| Amount in ₹ Crore | ||||
SRM Contractors IPO Lot Size Details
| INVESTORS | LOTS | SHARES | AMOUNT |
|---|---|---|---|
| RETAIL ( MIN) | 1 | 70 | ₹14,700 |
| RETAIL (MAX) | 13 | 910 | ₹191,100 |
| SNII (MINIMUM) | 14 | 980 | ₹205,800 |
| SNII ( MAXIMUM) | 68 | 4760 | ₹999,600 |
| BNII (MIN) | 69 | 4830 | ₹1,014,300 |
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