SRM Contractors Limited

SRM Contractors Limited is an engineering construction and development company that carries out infrastructure works across the Union Territories of Jammu and Kashmir and Ladakh. The company operates primarily as an EPC (engineering, procurement and construction) contractor and also executes projects on a unit-price subcontracting basis, covering road and bridge construction, tunnelling, slope stabilization, and other allied civil construction activities. As of early 2024 the company had completed more than three dozen infrastructure projects, spanning road works, tunnel construction, slope stabilization and other miscellaneous civil works, together valued at over Rs 770 crore in aggregate contract value. Its order book stood at more than Rs 1,199 crore as of December 2023, reflecting a sizeable pipeline of committed work. The company has grown its scale steadily, with total income rising from about Rs 162 crore in FY21 to roughly Rs 301 crore in FY23, alongside a corresponding increase in profitability. Its project mix and regional focus in the challenging terrain of Jammu and Kashmir and Ladakh has allowed it to build specialized execution capability in road, bridge and tunnel construction under difficult geological and logistical conditions.

The company raised about Rs 39.06 crore from anchor investors at the cap price of Rs 210 per share, allotting roughly 18.6 lakh shares. Neomile Growth Fund - Series I was the largest anchor participant, with Saint Capital Fund and Astorne Capital VCC - Arven also among the notable anchor investors.