SRM Contractors IPO | Current IPOs in India

What is an IPO?

               An IPO (Initial Public Offering) is the process by which a privately held company becomes a publicly traded company by offering its shares to the public for the first time. It could be a new, young company or an old company which decides to be listed on an exchange and hence goes public.

           With the help of IPO Companies raise equity capital by issuing new shares to the public or the existing shareholders can sell their shares to the public without raising any fresh capital.

SRM Contractors IPO Details

About SRM Contractors

Established in 2008, SRM Contractors Limited is a construction and development company primarily engaged in the construction of roads (including bridges), tunnels, slope stabilization works, and other construction activities in the Union Territories of Jammu and Kashmir and Ladakh.

The company operates as an EPC contractor and on a unit-price basis for infrastructure projects and subcontracts infrastructure construction projects.

The company has these major business verticals:

• Road projects: planning and construction of realignment, widening, upgradation, restoration, and/or strengthening and improvement of roads, bridges, and highways and their maintenance in the Union Territories of Jammu and Kashmir and Ladakh.
• Tunner projects: design and construction of new tunnels, cut-and-cover tunnels for avalanche and landslide protection and caverns; also includes expansion, upgradation, restoration and/or strengthening and improvement, including creation of niches/alterations in niches and stabilization of existing tunnels in the Union Territories of Jammu and Kashmir and Ladakh.
• Slop stabilization works: planning and construction of reinforced embankment structures as part of slope stabilization work.
• Other miscellaneous civil construction activities: construction of government housing and residential units, drainage work as well as irrigation and flood protection work.

If you haven’t Zerodha account, you can open your Demat Account here

Steps to apply in IPO through Zerodha

1) Visit the Zerodha website and login to Console.
2) Go to Portfolio and click the IPOs link.
3) Go to the “SRM Contractors“ row and click the ‘Bid’ button.
4) Enter your UPI ID, Quantity, and Price.
5) “Submit” IPO application form.
6) Visit the UPI App (net banking or BHIM) to approve the mandate.