GR Infraprojects IPO may hit the market on 07 July 2021. The company plans to raise Rs.963 crore through the initial public offerings. The face value of equity shares is Rs.5. The company filed DRHP on 13 April 2021, got SEBI's go ahead to float the IPO. The offer for sale comprises of 11,42,400 Eq. shares Lokesh Builders Pvt. Ltd, 127,000 equity. Shares Jasamrit Premises, 80,000 Eq Shares Jasamrit Fashions Pvt Ltd, 56,000 Eq. Shares Jasamrit Creations Pvt. Ltd, 44,000 Eq. Shares Jasamrit Construction Pvt. Ltd. The company was incorporated in 1995. They are integrated road EPC company with experience in design and construction of various road/highway projects across 15 States in India. They are also diversified their business in railway sector as well. They provide EPC services; (ii) development of roads, highways on a BOT basis, including under annuity and HAM; and (iii) manufacturing activities, under which we process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers. Check out GR Infraprojects IPO details.
Important Details:
CRISIL upgraded long term rating to AA/Stable from AA-/Positive. They reaffirmed short term rating as A+ as on 20 October 2020. Till April 2021 company completed 100+ road construction projects. They have 3 manufacturing facilities in Udaipur, Guwahati and Sandila (UP). They also have fabricating and galvanization unit at Ahmedabad, Gujarat. Peer group listed companies are PNC Infra, H.G Infra, KNR Construction, Dilip Buildcon, Ashoka Buildcon. The company offered ₹42 discount for employees quota.
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GR Infraprojects IPO Date & Price Band
| IPO Open: | 07 July 2021 |
| IPO Close: | 09 July 2021 |
| IPO Size: | Approx Rs.963 Crores |
| Fresh Issue: | Approx Rs.- Crores |
| Offer for Sale: | Approx Rs.963 Crores |
| Face Value: | Rs.5 Per Equity Share |
| Price Band: | Rs.828 to Rs.837 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 1,15,08,704 Shares |
| Discount: | For Employees Rs.42 Per Share |
GR Infraprojects IPO Market Lot
The GR Infraprojects IPO minimum market lot is 17 shares with Rs.14,229 application amount. The retail investors can apply up-to 14 lots with 238 shares or Rs.1,99,206 amount.
| Minimum Lot Size: | Minimum 17 Shares |
| Minimum Amount: | Rs.14,229 |
| Maximum Lot Size: | Maximum 238 Shares |
| Maximum Amount: | Rs.1,99,206 |
GR Infraprojects IPO Allotment & Listing
The GR Infraprojects IPO date is 07 July 2021 and the close date is 09 July 2021. The allotment date is 14 July 2021 and the IPO to list on 19 July 2021.
| Basis of Allotment: | 14 July 2021 |
| Refunds: | 15 July 2021 |
| Credit to Demat Account: | 16 July 2021 |
| Listing Date: | 19 July 2021 |
GR Infraprojects IPO Form
How to apply the GR Infraprojects IPO? You can apply GR Infraprojects IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the GR Infraprojects IPO in the Invest section. The other option you can apply GR Infraprojects IPO via IPO forms download via NSE and BSE. Check out the GR Infraprojects forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
GR Infraprojects Company Financial Report
| Rs. in Crores | |||||
| Revenue | Expenses | PAT | |||
| 2018 | 3336 | 2825 | 417.70 | ||
| 2019 | 5323 | 4318 | 715.10 | ||
| 2020 | 6421 | 5270 | 797.50 | ||
| 2021 | 7907 | 6582 | 953.60 | ||
GR Infraprojects IPO Subscription
| Category | Shares offered | Subscription (no. of times) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 22,56,741 | 0.49 | 2.78 | 168.58 |
| NII | 16,92,556 | 2.68 | 6.31 | 238.04 |
| Retail | 39,49,297 | 3.24 | 7.49 | 12.57 |
| Employee | 2,25,000 | 0.25 | 0.75 | 1.36 |
| Total | 81,23,594 | 2.28 | 5.75 | 102.57 |
Company Promoters
- Vinod Kumar Agarwal
- Ajendra Kumar Agarwal
- Purshottam Agarwal
- Lokesh Builders Private Limited
GR Infraprojects IPO Registrar
KFin Technologies Private Limited
Selenium Tower-B, Plot 31 and 32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032
Telangana, India
Telephone: +91 40 6716 2222
E-mail: gril.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact person: M Murali Krishna
Note: Check GR Infraprojects IPO allotment status on KFintech website allotment URL. Click Here.
GR Infraprojects IPO Lead Managers
- HDFC Bank Ltd
- ICICI Securities Ltd
- Kotak Mahindra Capital Company Ltd
- Motilal Oswal Investment Advisors Ltd
- SBI Capital Markets Ltd
- Equirus Capital Pvt. Ltd
Company Address
Registered Office:
Revenue Block No. 223,
Old Survey No. 384 / 1, 384 / 2,
Paiki and 384 / 3,
Khata No. 464, Kochariya, Ahmedabad,
Gujarat – 382 220, India
Corporate Office:
Novus Tower, Second Floor,
Plot No. 18, Sector 18, Gurugram
Haryana –122015, India
Contact Person: Sudhir Mutha
Company Secretary and Compliance Officer
Telephone: + 91294 248 7370
E-mail:cs@grinfra.com
Website:www.grinfra.com
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