1. The SRM Contractors IPO is set to open for subscription on March 26 and close on March 28.
2. SRM Contractors specializes in civil construction work in Jammu & Kashmir and Ladakh, focusing on projects like highways, bridges, tunnels, and slope stabilization.
3. The company is a key player in infrastructure development in the region's challenging terrain.
4. SRM contractors enter into contracts independently or through joint ventures to meet
5. The company's order book has held significant value over the past few years, as per the Red Herring Prospectus.
6. Promoters of SRM Contractors are Ashley Mehta, Puneet Pal Singh, and Sanjay Mehta.
7. The company's listed peers include Man Infraconstruction Ltd., ITD Cementation India Ltd., Likhitha Infrastructure Ltd., and Udayshivakumar Infra Ltd.
8. Between March 2022 and March 2023, SRM Contractors saw a 6.71% increase in profit after tax and a 13.24% rise in revenue.
9. The IPO price band is set at ₹200–210 per equity share, with a lot size of 70 shares.
10. The IPO proceeds will be used for various purposes, like working capital requirements, loan repayment, joint ventures, and general corporate needs.