Exchanges
BSE, NSE
Industry
Civil Construction
Issue
Book building

SRM Contractors IPO

₹226.00

+7.62% on listing

Listing-day close · NSE · 3 Apr 2024 · issue price ₹210

SRM Contractors’ ₹130 crore IPO was priced at ₹210 a share. It listed on the NSE on 3 Apr 2024 and closed its first day at ₹226.00, up 7.62% on the issue price.

Timeline

  1. Opens
  2. Closes
  3. Allotment
  4. Refunds
  5. Shares in demat
  6. Listing

Issue details

Issue size
₹130 Cr
Fresh issue
₹130 Cr
Offer for sale
—
Lot size
70 shares
Minimum investment
₹14,700
Face value
₹10
Registrar
Bigshare Services

Subscription

SRM Contractors IPO subscription by investor category
CategoryShares offeredTimes subscribed
Total—60.21×

Overall, from the basis of allotment.

Financials and valuation

Market cap (post-issue)
₹482 Cr
P/E (post-issue)
17.1
EPS (post-issue)
₹12.24
Price to book
4.2
ROCE
29.43%
Debt to equity
0.50
PAT margin
8.98%
Promoter holding
99.92% → 72.92%

Financials as of 31 Dec 2023, from the offer documents.

Listing

Listing date
3 Apr 2024
Issue price
₹210
Open
₹215.25
High
₹226.00
Low
₹215.25
Close
₹226.00

Listing day on the NSE. The close was +7.62% on the issue price.

SRM CONTRACTORS share price today

FAQs

When did the SRM Contractors IPO open and close?

It opened on 26 Mar 2024 and closed on 28 Mar 2024.

What was the SRM Contractors IPO price?

The price band was ₹200–210 a share. The final issue price was ₹210.

What is the lot size and minimum investment?

One lot is 70 shares, ₹14,700 at ₹210 a share. Retail investors apply in whole lots.

How much did SRM Contractors raise?

₹130 crore: ₹130 crore of new shares.

How many times was the SRM Contractors IPO subscribed?

60.21 times overall.

How did SRM Contractors list?

It listed on the NSE on 3 Apr 2024 at ₹215.25 and closed the day at ₹226.00, up 7.62% on the ₹210 issue price.

Who is the registrar of the SRM Contractors IPO?

Bigshare Services handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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