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G R Infraprojects Limited IPO Detail

G R Infraprojects Limited IPO Detail

G R 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.

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.

Company Promoters

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

IPO Details

IPO Opening DateJul 07, 2021
IPO Closing DateJul 09, 2021
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price ₹828 - 837 per equity share
Market Lot17 Shares
Min Order Quantity17 Shares
Listing AtBSE, NSE
Issue Size₹963.28 Cr
Fresh Issue-
Offer for Sale11,508,704 Eq Shares of ₹5 (aggregating up to ₹963.28 Cr)
Employee Discount₹₹42
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.49x 1.08x 2.71x 0.12x - 1.68x
Day 2 2.69x 6.24x 7.35x 0.73x - 5.64x
Day 3 168.58x 238.04x 12.57x 1.37x - 102.58x

IPO Tentative Timetable

The G R Infraprojects Limited IPO open date is Jul 07, 2021, and the close date is Jul 09, 2021. The issue may list on Jul 19, 2021.

IPO Open DateJul 07, 2021
IPO Close DateJul 09, 2021
Basis of Allotment DateJul 14, 2021
Initiation of RefundsJul 15, 2021
Credit of Shares to Demat AccountJul 16, 2021
IPO Listing DateJul 19, 2021

IPO Lot Size

The G R Infraprojects Limited IPO market lot size is 17 shares. A retail-individual investor can apply for up to 14 lots (238 shares or ₹199206).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding88.04%
Post Issue Share Holding86.54%

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 1,01,16.45 7,906.94 953.21
31-Mar-20 7,783.16 6,423.05 800.32
31-Mar-19 5,828.71 5,325.5 716.6

Objects of the Issue:

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