G R Infraprojects IPO

G R Infraprojects IPO-Dates, price bands, details

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G R Infraprojects IPO will open for subscription from 07 July 2021. the company aims for an issue size of ₹963.28 Crore through this IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

G R Infraprojects Limited

GR Infraprojects is an integrated road engineering, procurement, and construction company with experience in designing and construction activities and road/highway projects. It mainly undertakes civil construction projects under the EPC and BOT (Build Operate Transfer) basis in the road sector but also diversified into manufacturing activities of thermoplastic road-making paints, electric poles, road signages, and fabricating metal crash barriers.

Till April 2021, it has completed 100+ road construction projects successfully, and currently, 4 BOT projects are under construction. The company owns 3 manufacturing facilities at Udaipur (Rajasthan), Guwahati (Assam), and Sandila (Uttar Pradesh) and has a fabricating and galvanization unit at Ahmedabad, Gujarat.

Objects of the Issue

  • To achieve the share listing benefits on the BSE and NSE.
  • To make an offer for sale of up to 11,508,704 shares,

Competitive Strengths

  • Expertise in road projects i.e. state and national highways, culverts, flyovers, airport runways, tunnels, etc.
  • Strong project execution capabilities.
  • Robust financial performance track record.
  • Experienced promoters and managers team.

Basic details about the company

Full nameG R Infraprojects Limited
Company Websitewww.grinfra.com

Dates to remember

IPO Open07 July 2021
IPO Close09 July 2021
Basis of Allotment14 July 2021
Refunds date15 July 2021
Credit to Demat Account16 July 2021
 Listing Date19 July 2021

IPO details

Issue typeBook Building
IPO issue size₹963.28 Crore
No of shares11,508,704 Eq Shares
Face value₹5 Per Equity Share
Price band₹828 to ₹837 per equity share
Retail Allocation35%
Lot size17 Shares
Minimum application1 Lot17 Shares
Maximum application13 Lots-238
Minimum application amount₹14,229
Maximum application amount₹199,206
Listing ExchangeBSE & NSE

Company Financials

ParticularsFor the year/period ended (₹ in million)
Total Assets1,01,160.4577,834.1658,287.31
Total Revenue79,069.4364,237.0553,255.30
Profit After Tax9,532.218,008.327,166.38

Valuation of G R Infraprojects (as of FY2020)

Earnings Per Share (EPS)₹98.31
Price/Earnings (PE ratio)8.42 – 8.51
Return on Net Worth (RONW)23.95%
Net Asset Value (NAV)₹411.63 per share

Company Promoters

  • Vinod Kumar Agarwal
  • Ajendra Kumar Agarwal
  • Purshottam Agarwal
  • Lokesh Builders Private Limited

Lead Managers

  • Equirus Capital Private Limited
  • HDFC Bank Limited
  • ICICI Securities Limited
  • Kotak Mahindra Capital Company Limited
  • Motilal Oswal Investment Advisors Pvt Ltd
  • SBI Capital Markets Limited

G R Infraprojects IPO Registrar

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: gril.ipo@kfintech.com

Company Contact Information

G R Infraprojects Limited
Revenue Block No. 223, Old Survey No.384 /1, 384/2
Paiki and 384 / 3, Khata No. 464, Kochariya,
Ahmedabad, Gujarat – 382220
Phone: +91 294 248 7370
Email: cs@grinfra.com

GR Infraprojects IPO Allotment Status

GR Infraprojects IPO allotment status will be available on KFin Technologies’ website.

Click on this link to get allotment status.

Final thoughts

G R Infraprojects IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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