Monday, June 28, 2021

GR Infraprojects IPO Date, Review, Price, Form & Market Lot Details

GR Infraprojects IPO to hit the market on 07 July 2021 and closes on 09 July 2021. The company to raise ₹963 crores via initial public offer (Offer for sale only).
 
GR Infraprojects IPO may hit the market on 07 July 2021. The company plans to raise ₹963 crore through the initial public offerings. The face value of equity shares is ₹5. The company filed DRHP on 13 April 2021, got SEBI's go ahead to float the IPO. The offer for sale comprises of 11,42,400 Eq. shares Lokesh Builders Pvt. Ltd, 127,000 equity. Shares Jasamrit Premises, 80,000 Eq Shares Jasamrit Fashions Pvt Ltd, 56,000 Eq. Shares Jasamrit Creations Pvt. Ltd,  44,000 Eq. Shares Jasamrit Construction Pvt. Ltd. The company was incorporated in 1995. They are integrated road EPC company with experience in design and construction of various road/highway projects across 15 States in India. They are also diversified their business in railway sector as well. They 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. Check out GR Infraprojects IPO details.
 
Important Details:
CRISIL upgraded long term rating to AA/Stable from AA-/Positive. They reaffirmed short term rating as A+ as on 20 October 2020. Till April 2021 company completed 100+ road construction projects. They have 3 manufacturing facilities in Udaipur, Guwahati and Sandila (UP). They also have fabricating and galvanization unit at Ahmedabad, Gujarat. Peer group listed companies are  PNC Infra, H.G Infra, KNR Construction, Dilip Buildcon, Ashoka Buildcon. The company offered ₹42 discount for employees quota.
GR Infraprojects


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    GR Infraprojects IPO Date & Price Band

     IPO Open:  07 July 2021
     IPO Close:  09 July 2021
     IPO Size:  Approx ₹963 Crores
     Fresh Issue:  Approx ₹- Crores
     Offer for Sale:  Approx ₹963 Crores
     Face Value:  ₹5 Per Equity Share
     Price Band:  ₹828 to ₹837 Per Share
     Listing on:  BSE & NSE
     Retail Portion:  35%
     Equity:  1,15,08,704 Shares
     Discount:  For Employees ₹42 Per Share

    GR Infraprojects IPO Market Lot

    The GR Infraprojects IPO minimum market lot is 17 shares with ₹14,229 application amount. The retail investors can apply up-to 14 lots with 238 shares or ₹1,99,206 amount.
     Minimum Lot Size:  Minimum 17 Shares
     Minimum Amount:  ₹14,229
     Maximum Lot Size:  Maximum 238 Shares
     Maximum Amount:  ₹1,99,206

    GR Infraprojects IPO Allotment & Listing

    The GR Infraprojects IPO date is 07 July 2021 and the close date is 09 July 2021. The allotment date is 14 July 2021 and the IPO to list on 19 July 2021.
     Basis of Allotment:  14 July 2021
     Refunds:  15 July 2021
     Credit to Demat Account:  16 July 2021
     Listing Date:  19 July 2021

     

    GR Infraprojects CRISIL Rating

    GR Infraprojects IPO Form

    How to apply the GR Infraprojects IPO? You can apply GR Infraprojects IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the GR Infraprojects IPO in the Invest section. The other option you can apply GR Infraprojects IPO via IPO forms download via NSE and BSE. Check out the GR Infraprojects forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.


    GR Infraprojects Company Financial Report

      ₹ in Crores

    Revenue Expenses PAT
    2018 ₹3336 ₹2825 ₹417.70
    2019 ₹5323 ₹4318 ₹715.10
    2020 ₹6421 ₹5270 ₹797.50
    2021
    ₹7907 ₹6582 ₹953.60

    Company Promoters

    • Vinod Kumar Agarwal
    • Ajendra Kumar Agarwal
    • Purshottam Agarwal
    • Lokesh Builders Private Limited

    About GR Infraprojects

    GR 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. Our 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.

    Our Company was incorporated in December 1995 and we have gradually increased our execution capabilities in terms of the size of projects that we have bid for and executed. For example, one of the first road projects that we 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. Our individual Promoters have more than 25 years of experience in the construction industry. Prior to the incorporation of our Company, our individual Promoters were associated with M/s. Gumani Ram Agarwal, a partnership firm engaged in the construction business, which was acquired by our Company in 1996.

    Quick Links

    DRHP Draft Prospectus
    RHP Draft Prospectus

    GR Infraprojects IPO Registrar

    KFin Technologies Private Limited
    Selenium  Tower-B,  Plot  31  and 32,
    Gachibowli, Financial District,
    Nanakramguda, Serilingampally,
    Hyderabad – 500 032
    Telangana, India
    Telephone: +91 40 6716 2222
    E-mail: gril.ipo@kfintech.com
    Website: www.kfintech.com
    Investor grievance e-mail: einward.ris@kfintech.com
    Contact person: M   Murali Krishna
    SEBI registration number: INR000000221
    Note: Check GR Infraprojects IPO allotment status on KFintech website allotment URL. Click Here

    GR Infraprojects IPO Lead Managers

    • HDFC Bank Ltd
    • ICICI Securities Ltd
    • Kotak Mahindra Capital Company Ltd
    • Motilal Oswal Investment Advisors Ltd
    • SBI Capital Markets Ltd
    • Equirus Capital Pvt. Ltd

    Company Address

    GR Infraprojects Limited
    Registered Office:
    Revenue Block No. 223,
    Old Survey No. 384 / 1, 384 / 2,
    Paiki and 384 / 3,
    Khata No. 464, Kochariya, Ahmedabad,
    Gujarat – 382 220, India
    Corporate Office:
    Novus Tower, Second Floor,
    Plot No. 18, Sector 18, Gurugram
    Haryana –122015, India
    Contact Person: Sudhir Mutha
    Company Secretary and Compliance Officer
    Telephone: + 91294 248 7370
    E-mail:cs@grinfra.com
    Website:www.grinfra.com
    Corporate Identity Number:U45201GJ1995PLC098652

    GR Infraprojects IPO FAQs


    What is GR Infraprojects IPO?

    GR Infraprojects IPO is a main-board IPO. They are going to raise ₹963 Crores via IPO. The issue is priced at ₹ to ₹ per equity share. The IPO to list on BSE & NSE.

    When GR Infraprojects IPO will open?

    The IPO is to open on 07 July 2021 for QIB, NII, and Retail Investors.

    What is GR Infraprojects IPO Investors Portion?

    The investors' portion for QIB 50%, NII 15%, and Retail 35%.

    How to Apply the GR Infraprojects IPO?

    You can apply GR Infraprojects IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the GR Infraprojects IPO through Zerodha?

    Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "GR Infraprojects". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

    How to Apply the GR Infraprojects IPO through Upstox?

    Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "GR Infraprojects". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

    What is GR Infraprojects IPO Size?

    GR Infraprojects IPO size is ₹963 crores.

    What is GR Infraprojects IPO Price Band?

    GR Infraprojects IPO Price Band is ₹828 to ₹837.

    What is GR Infraprojects IPO Minimum and Maximum Lot Size?

    The minimum bid is 17 Shares with ₹14,229 amount while maximum bid is 238 shares with ₹1,99,206.

    What is GR Infraprojects IPO Allotment Date?

    GR Infraprojects IPO allotment date is 14 July 2021.

    What is GR Infraprojects IPO Listing Date?

    GR Infraprojects IPO listing date is 19 July 2021. The IPO to list on BSE and NSE.

    Note: The GR Infraprojects IPO details added as it is officially announced. The IPO grey market premium (GR Infraprojects IPO Premium) started. You can check our IPO grey market page for daily updates.)