SRM Contractors IPO: From financials to key risks, here are 10 key things to know from RHP before subscribing
₹200 to ₹210 per equity share of face value of ₹10. The book construction issue will be listing both on the BSE (Bombay Stock Exchange) and the (NSE) National Stock exchange. An applicant must apply for a minimum 70 shares (lot size ) and multiples there after.
This Retail investors are needed to invest a minimum of ₹14,700. Also Read- TAC Infosec IPO fully subscribed on day 1 led by retail investors; details here The allotment for the SRM Contractors IPO is anticipated to be completed on Monday, April 1, 2024,. With a provisional listing date of Wednesday, April 3, 2024, SRM Contractors IPO, will list on both the NSE and the BSE.
By issuing new shares, the mainboard SRM Contractors IPO hopes to raise ₹130.20 crore. Anchor investors have already invested ₹39.06 crore to the SRM Contractors IPO. The Issue comprises of fresh Issue of up to 62,00,000* Equity Shares of SRM Contractors.
The Net Proceeds from the Issue, as per the RHP are likely to be utilised by SRM Contractors towards funding the following objects: 1. Funding capital expenditure requirements for the purchase of equipment/machineries; 2. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company.
3. Funding the working capital requirements of the company 4. Investment in Project Specific Joint Venture Projects 5.
General Corporate Purpose. SRM Contractors is into engineering, construction, and development business that specializes in building roads (including bridges), tunnels, slope stabilization projects, and other various civil construction operations, in the Union Territories of Jammu & Kashmir and Ladakh. They provide construction work for infrastructure projects both as an item rate basis contractor and as
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