Business Standard

SRM Contractors Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

130.20 cr

Price Range (₹)

210

Lot Size

70

Min Investment (₹)

14,700.00

Listing Exchange

MumbaiNSE

Open Date

26-Mar-2024

Close Date

28-Mar-2024

Listing Date

03-Apr-2024

SRM Contractors Ltd News

    The Shares of SRM Contractors Ltd have now been listed.

    SRM Contractors Ltd IPO Details

    Initial public offering of up to 62,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of SRM Contractors Limited (The Company or the Issuer) for cash at a price of Rs. 210 per equity share (including a securities premium of Rs. 200 per equity share) (Issue Price) aggregating up to Rs. 130.20 crores (The Issue). The issue will constitute 27.02 % of our post-issue paid-up equity share capital. The face value of the equity shares is Rs. 10 each and the issue price is 21 times the face value of the equity shares.

    Objective of issue

    Funding capital expenditure requirements for the purchase of equipment/machineries. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company. Funding the working capital requirement. Investment in joint venture projects. General corporate purposes.

    SRM Contractors Ltd Contact Details

    SRM Contractors Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@srmcpl.com

    Website - www.srmcpl.com