GR Infraprojects IPO: All you need to know
GR Infraprojects, an integrated road engineering, procurement, and construction company, will hit the market on Wednesday, July 07, 2021, to raise Rs 963.28 crores through an Initial Public Offering (IPO) of its units. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the GR Infraprojects IPO.
GR Infraprojects IPO Date & Price Band
| IPO Open: | 07 July 2021 |
| IPO Close: | 09 June 2021 |
| Issue Type: | Book Built Issue IPO |
| Issue Size: | Approx ₹963.28 Crores |
| Offer for Sale: | Approx ₹963.28 Crores |
| Face Value: | ₹5 Per Equity Share |
| Price Band: | ₹828- ₹837 Per Equity Share |
| Listing on: | BSE, NSE |
| Equity Shares: | 11,508,704 Shares |
GR Infraprojects IPO Market Lot
| Minimum Lot Size: | Minimum 17 Shares |
| Minimum Amount: | ₹14,229 |
| Minimum Lot Size: | Maximum 238 Shares |
| Minimum Amount: | ₹1,99,206 |
GR Infraprojects IPO Allotment & Listing
| Basis of Allotment: | 14 July 2021 |
| Refunds: | 15 July 2021 |
| Credit to Demat Account: | 16 July 2021 |
| Listing Date: | 19 July 2021 |
Financials of GR Infraprojects IPO
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets (in ₹ millions) | 1,01,160.45 | 77,834.16 | 58,287.31 |
| Total Revenue (in ₹ millions) | 79,069.43 | 64,237.05 | 53,255.30 |
| Profit After Tax (in ₹ millions) | 9,532.21 | 8,008.32 | 7,166.38 |
About GR Infraprojects
G R Infraprojects is a full-service road engineering, procurement, and construction firm with extensive experience in developing and building road and highway projects. It primarily works on civil construction projects in the road sector under the EPC and BOT (Build Operate Transfer) models, but it has also expanded into the fabrication of thermoplastic road-making paints, electric poles, road signage, and metal crash barriers.
It has successfully completed 100+ road construction projects until April 2021, and four BOT projects are now under construction. The company has production sites in Udaipur, Rajasthan, Guwahati, Assam, and Sandila, Uttar Pradesh, as well as a fabrication and galvanising facility in Ahmedabad, Gujarat.
Objective of the Issue:
The company plans to use the funds from the IPO for the following purposes:
- To obtain the benefits of stock listing on the BSE and NSE.
- To make an offer for sale of up to 11,508,704 shares worth Rs. 963.28 million.
- To fulfil general corporate objectives.