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 Date | Jul 07, 2021 |
| IPO Closing Date | Jul 09, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹828 - 837 per equity share |
| Market Lot | 17 Shares |
| Min Order Quantity | 17 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹963.28 Cr |
| Fresh Issue | - |
| Offer for Sale | 11,508,704 Eq Shares of ₹5 (aggregating up to ₹963.28 Cr) |
| Employee Discount | ₹₹42 |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.49x | - | - | 1.08x | 2.71x | 1.68x |
| Day 2 | 2.69x | - | - | 6.24x | 7.35x | 5.64x |
| Day 3 | 168.58x | - | - | 238.04x | 12.57x | 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 Date | Jul 07, 2021 |
| IPO Close Date | Jul 09, 2021 |
| Basis of Allotment Date | Jul 14, 2021 |
| Initiation of Refunds | Jul 15, 2021 |
| Credit of Shares to Demat Account | Jul 16, 2021 |
| IPO Listing Date | Jul 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 17 | ₹14229 |
| Maximum | 14 | 238 | ₹199206 |
IPO Promoter Holding
| Pre Issue Share Holding | 88.04% |
| Post Issue Share Holding | 86.54% |
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
