SRM Contractors IPO listed @ Rs. 215.25

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What is the business of SRM Contractors?

SRM Contractors is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh. It undertakes construction works both as an EPC contractor and on an item rate basis for infrastructure projects. The Company also undertakes sub-contracting assignments of 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 and it, thus,believes that it has developed the expertise and know-how to undertake infrastructure construction projects in difficult terrains. The Company has emerged as a key player in 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.

SRM Contractors is an ISO 9001:2015 certified company and are also registered as class A contractor with Public Work (R&B) Department, Jammu & Kashmir. It is pre-qualified to bid independently on projects, tendered by departments of governmental authorities and other entities funded by the GoI, of contract value up to ?30,000 lakhs and Rs.50,000 lakhs for EPC contracts pertaining to construction of roads (including bridges) and for construction of tunnel respectively.
The Company was incorporated in September 2008 and Since incorporation, the Company, independently and through project-specific joint ventures, has completed thirty-seven (37) infrastructure construction projects having an aggregate contract value of Rs. 77,088.00 lakhs which includes thirty-one (31) roads projects, three (3) tunnel projects, one (1) slope stabilisation works and two (2) other miscellaneous civil construction activities. Out of the thirty-seven (37) projects executed by the Company, twenty-nine (29) infrastructure construction projects, including sub-contracting assignments, have been executed independently by us and eight (8) projects have been executed through project specific joint ventures

For more information, click www.srmcpl.com

SRM Contractors IPO GMP, Particulars & Guidance

SRM Contractors IPO Guidance* by Paresh Gordhandas, CA & Research Analyst.
SRM Contractors is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh. It undertakes construction works both as an EPC contractor and on an item rate basis for infrastructure projects. The Company also undertakes sub-contracting assignments of 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
Size: The size of the IPO is just Rs. 130.20 Cr and retail portion is just Rs. 45.57 Cr and HNI portion is Rs. 19.53 Cr. So, oversubscription will be quite smooth. 
Financials: The shares are offered at very reasonable valuation. Chances of allotment are tough, yet if you  get allotment, the listing gains are expected. Apply.
* Disclosure: ?

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