SRM Contractors Limited IPO
Established in 2008, SRM Contractors Limited stands as a beacon of excellence in the realm of construction and development. Specializing in a spectrum of infrastructure projects, the company has made significant contributions to the development landscape, particularly in the Union Territories of Jammu and Kashmir and Ladakh. With a steadfast commitment to quality and innovation, SRM Contractors has emerged as a leading player in the industry, recognized for its proficiency in executing projects ranging from road construction to slope stabilization works. Core Business Verticals
Road Projects: SRM Contractors undertake the comprehensive planning and construction of roads, bridges, and highways, encompassing activities such as realignment, widening, upgradation, and maintenance. The company's expertise in this domain ensures the seamless connectivity and accessibility of critical transportation networks in the region.
Tunnel Projects: Renowned for its prowess in tunnel engineering, SRM Contractors specializes in the design and construction of tunnels, including those essential for avalanche and landslide protection. Whether it involves the creation of new tunnels or the enhancement of existing ones, the company's capabilities extend to expansion, upgradation, and stabilization works, ensuring the safety and reliability of crucial infrastructure.
Slope Stabilization Works: Recognizing the significance of safeguarding against natural hazards, SRM Contractors excels in the planning and execution of reinforced embankment structures as part of slope stabilization initiatives. By employing innovative techniques and engineering solutions, the company mitigates risks and enhances the resilience of vulnerable terrain.
Miscellaneous Civil Construction Activities: Beyond its core specialities, SRM Contractors engages in a diverse range of civil construction projects, encompassing government housing, residential units, drainage systems, and irrigation/flood protection works. This multifaceted approach underscores the company's adaptability and commitment to addressing varied infrastructure needs.
Objects of the Issue
The forthcoming IPO by SRM Contractors Limited aims to allocate the net proceeds towards fulfilling strategic objectives, including:
Funding Capital Expenditure: Investing in state-of-the-art equipment and machinery to augment operational capabilities and ensure the efficient execution of projects.
Debt Repayment: Facilitating full or partial repayment of secured borrowings, thereby strengthening the company's financial position and reducing interest burdens.
Working Capital Requirements: Allocating funds to support ongoing operations and meet dynamic working capital needs, ensuring continuity and stability in project execution.
General Corporate Purpose: Utilizing resources for general corporate initiatives aimed at enhancing organizational efficiency, fostering growth, and seizing emerging opportunities.
Key IPO Details:
IPO Dates: 26 to 28 March, 2024
Price Band: ₹200 to ₹210 per share
Lot Size: 70 Shares
Total Issue Size: ₹130 Crores
Retail Quota: 35%
Grey Market Premium (GMP): +35% (Provided for informational purposes only)
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