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 name | G R Infraprojects Limited |
| Sector | Infrastructure |
| Industry | Engineering-Construction |
| Company Website | www.grinfra.com |
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 |
IPO details
| 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 |
| Retail Allocation | 35% |
| 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 |
Company Financials
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,01,160.45 | 77,834.16 | 58,287.31 |
| Total Revenue | 79,069.43 | 64,237.05 | 53,255.30 |
| 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 |
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
Website: https://karisma.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
Website: http://www.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