About Company’s Business:
The company specializes in engineering construction and development, primarily focusing on road, bridge, tunnel, and slope stabilization projects in the Union Territories of Jammu & Kashmir and Ladakh. They operate as both EPC contractors and on an item rate basis, also undertaking subcontracting assignments. With a successful track record in executing projects in challenging terrains, they’ve emerged as a key player in the infrastructure construction industry in the region, showcasing technical expertise and capabilities
About the Industry:
In recent years, there has been a significant surge in road infrastructure development in Jammu and Kashmir (J&K), driven by the government’s unwavering commitment. This focus has catalyzed a transformation, enhancing connectivity and fostering economic growth. J&K is swiftly emerging as one of the nation’s fastest-growing economies, with this transformation significantly contributing to economic progress and bridging developmental gaps. Notably, from 2020 to 2022, substantial investments totaling approximately one lakh crore have been allocated to bolster road and tunnel infrastructure. Key upcoming infrastructure projects in J&K include the Jammu and Srinagar MetroLite, Amarnath Marg Project, Khellani Tunnel Upgradation, and Srinagar-Baramulla Uri National Highway.
Key Financial Information (â‚ą in lakhs):
| Particulars | December 31, 2023 | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|---|
| Equity share capital | 1,674.42 | 1,674.42 | 152.22 | 152.22 |
| Net worth | 3,724.03 | 6,316.07 | 4,441.47 | 2,684.70 |
| Total revenue | 24,227.63 | 30,065.09 | 26,550.88 | 16,194.74 |
| Profit/(loss) after tax | 2,017.11 | 1,874.62 | 1,756.77 | 827.28 |
| Earnings per Equity Share | 12.58 | 90.82 | 1,154.10 | 543.47 |
| Net asset value per Share | 50.31 | 37.72 | 291.78 | 176.37 |
| Total borrowings | 4,232.28 | 4,715.82 | 3,152.40 | 31,95.75 |
Objective of the Issue:
-
Funding capital expenditure requirements for the purchase of
equipment/machineries -
Full or part repayment and/or prepayment of certain outstanding secured
borrowings (including foreclosure charges, if any) availed by our Company -
Funding the working capital requirement
-
Investment in joint venture projects
-
General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Tuesday, March 26, 2024 |
| Close Date | Thursday, March 28, 2024 |
| Issue Size | â‚ą130.20 Crores |
| Price | â‚ą200 to â‚ą210 per share |
| Lot Size | 70 Shares |
| Basis of Allotment | Monday, April 1, 2024 |
| Initiation of Refunds | Tuesday, April 2, 2024 |
| Credit of Shares to Demat | Tuesday, April 2, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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