SRM Contractors
MAINBOARD
Listed
Price Band
₹200 - ₹210
Lot Size
70 Shares
Issue Size
₹130.20 Cr
Fresh Issue
₹130.20 Cr
OFS
Nil (100% Fresh)
Registrar
Bigshare Services Private Limited
AI Sentiment Score
Listing Price
₹215.25
vs Issue: ₹210 (+2.50%)
📅 IPO Timeline
✓
Open
Mar 26, 2024
✓
Close
Mar 28, 2024
✓
Allotment
Mar 29, 2024
✓
Refund
Apr 1, 2024
✓
Demat
Apr 1, 2024
✓
Listing
Apr 3, 2024
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
SRM Contractors displays an established operational footprint with expanding revenue streams (50.7% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (50.7% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 37.1%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 300.00 Cr | Rs 342.00 Cr | Rs 528.00 Cr | Rs 1,026.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 19.00 Cr | Rs 27.00 Cr | Rs 55.00 Cr | Rs 111.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 38.00 Cr | Rs 42.00 Cr | Rs 82.00 Cr | Rs 168.00 Cr |
| Borrowings (₹ Cr) | Rs 47.00 Cr | Rs 48.00 Cr | Rs 41.00 Cr | Rs 135.00 Cr |
| Total Assets (₹ Cr) | Rs 136.00 Cr | Rs 235.00 Cr | Rs 408.00 Cr | Rs 995.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 37.10% | 37.10% | 37.10% | 37.10% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
8.1x
Industry P/E
9.3x
Debt/Equity
0.36
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 9.3x
IPO 8.1x
0x (Deep Value)
30x (High Multiple)
📋 Live Subscription Status
QIB
59.59x
NII
220.57x
Retail
46.97x
Total
86.57x
🎯 Retail Allotment Probability
2.1% Odds
1 in 47.0 chance (~2.1% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:45 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹130.2 Cr
Issue Size
Fresh (100%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.