SRM Contractors utilizes 70% of INR 130 crore IPO

SRM Contractors Limited has utilized INR 91.26 crore of its INR 130.20 crore IPO proceeds as of June 30, 2025, leaving INR 38.94 crore unutilized.

The company spent INR 46.00 crore on working capital requirements and INR 18.41 crore on equipment capital expenditure. It fully repaid INR 10.00 crore in secured borrowings and invested INR 2.34 crore in a joint venture project.

The remaining balance includes INR 32.00 crore invested in fixed deposits.