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
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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,
- 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 name||G R Infraprojects Limited|
Dates to remember
|IPO Open||07 July 2021|
|IPO Close||09 July 2021|
|Basis of Allotment||14 July 2021|
|Refunds date||15 July 2021|
|Credit to Demat Account||16 July 2021|
|Listing Date||19 July 2021|
|Issue type||Book Building|
|IPO issue size||₹963.28 Crore|
|No of shares||11,508,704 Eq Shares|
|Face value||₹5 Per Equity Share|
|Price band||₹828 to ₹837 per equity share|
|Lot size||17 Shares|
|Minimum application||1 Lot–17 Shares|
|Maximum application||13 Lots-238|
|Minimum application amount||₹14,229|
|Maximum application amount||₹199,206|
|Listing Exchange||BSE & NSE|
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||9,532.21||8,008.32||7,166.38|
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|
- Vinod Kumar Agarwal
- Ajendra Kumar Agarwal
- Purshottam Agarwal
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- ICICI Securities Limited
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- 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
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
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.
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.