G R infraprojects Ltd IPO Date & Price Band, Market Lot, Allotment & Listing details

GR Infraprojects IPO open in the market for Subscription as on 7th July 2021 and closes on 9th July 2021. The company plan to raise Rs. 963.28 crores from market via initial public offer with price band of Rs. 828 to 837 per equity share.

About G R Infraprojects

G R Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across 15 States in India and having recently diversified into projects in the railway sector. Company principal business operations are broadly divided into three categories: (i) civil construction activities, under which we 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.

G R Infraprojects Ltd was incorporated in December 1995 and company has gradually increased its execution capabilities in terms of the size of projects that it have bid for and executed. For example, one of the first road projects that executed was for the Public Works Department, Rajasthan in 1997 with a Bid Project Cost of ₹ 26.50 million, whereas the project recently awarded by NHAI, i.e. Vadodara Mumbai Expressway project in the state of Maharashtra on HAM basis, to us in 2020 involves a Bid Project Cost of ₹ 27,470.00 million. Company individual Promoters have more than 25 years of experience in the construction industry. Prior to the incorporation of Company, its individual Promoters were associated with M/s. Gumani Ram Agarwal, a partnership firm engaged in the construction business, which was acquired by Company in 1996.

In March 2010, Company commissioned a wind energy based power plant at Jaisalmer, Rajasthan with an installed capacity of 1.25 MW under the ‘Policy for Promoting Generation of Electricity through Non-Conventional Energy Sources – 2004’. Company had also commenced constructing a group housing project comprising row houses and other residential units at Udaipur, Rajasthan.

Company Promoters:
Vinod Kumar Agarwal, Ajendra Kumar Agarwal, Purshottam Agarwal, and Lokesh Builders Private Limited are the company promoters.


G R infraprojects Ltd IPO Date & Price Band, Market Lot, Allotment & Listing details:

IPO Open	7th July 2021
IPO Close	9th July 2021
IPO Size	Rs.963.28 Crores
Fresh Issue	Rs.- Crores
Offer for Sale	Rs.963.28 Crores
Face Value	Rs.5 Per Equity Share
Price Band	Rs.828 to Rs.837 Per Share
Listing on	BSE & NSE
Retail Quota	35%
Employee Disc	Rs. 42 per share
Equity	1,15,08,704 Shares
Minimum Lot Size	Minimum - 17 Shares -  1 Lots
Minimum Amount	Rs. 14,229/-
Maximum Lot Size	Maximum – 238 Shares – 14 Lots
Maximum Amount	Rs.1,99,206/-
Basis of Allotment	14th July 2021
Refunds	15th July 2021
Credit to Demat Account	16th July 2021
Listing Date	19th July 2021

Company Audited Financials Summery:

Rs. in Crores
	FY2018	FY2019	FY2020	FY2021
Revenue	3335.6	5325.3	6423.7	7906.9
Expenses	2824.9	4317.8	5269.6	6582.3
Net income	417.7	715.1	797.5	953.6
NI Ratio (%)	12.52%	13.43%	12.41%	12.06%
EPS	40.5	61.44	71.03	80.51

Objectives of the IPO:

To achieve the share listing benefits on the BSE and NSE.

The Net proceeds of IPO will be utilized to meet general corporate purposes

Company Contact Information

G R Infraprojects Limited
Novus Tower, Second Floor
Plot No. 18, Sector 18
Gurugram, Haryana – 122 015
Phone: +91 294 248 7370
Email: cs@grinfra.com
Website: www.grinfra.com

IPO Registrar
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli,
Nanakramguda, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com

FAQs on GR Infraprojects IPO

When GR Infraprojects IPO will open for retail Investors?
The IPO is to open for subscription on 7th July 2021 for all type Investors.

What is GR Infraprojects IPO Investors Quota?
The investors' Quota for QIB 50%, NII 15%, and Retail 35%.

What is GR InfraprojectsIPO Size for retail?
GR InfraprojectsIPO size is Rs.963.28 crores and for retail is Rs.337 crores.

What is GR Infraprojects IPO offer Price ?
GR InfraprojectsIPO offer Price is Rs.828 to Rs.837.

What is GR Infraprojects IPO Minimum Lot Size?
The minimum order quantity is 17 Shares with Rs.14,229.

What is GR Infraprojects IPO Allotment Date?
GR InfraprojectsIPO allotment date is 14 July 2021.

What is GR Infraprojects IPO Listing Date?
GR InfraprojectsIPO listing on NSE & BSE as on 19th July 2021.