G R Infraprojects Limited IPO

Mainboard

Engineering - Construction

Listed On: Jul 19, 2021 at ₹ 1715.85(NSE)

₹ 14229 /17 Shares

Check Allotment

Price Summary

Last Closing

1,595.00 (90.56%)

52 Week High

1,860.00

52 Week Low

1,024.95

Last Update

25-Nov-2024 3:30 PM

IPO Details

07 Jul, 2021

Open Date

09 Jul, 2021

Close Date

14 Jul, 2021

Allotment Date

19 Jul, 2021

Listing Date

Issue Price

₹828 to ₹837 per equity share
Employee Discount - ₹42

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

1715.85(NSE)

Listing Date

2021-07-19

Market Lot

17 Shares (₹14,229/-)

Lead Manager

Equirus Capital Private Limited, HDFC Bank Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Pvt Ltd, SBI Capital Markets Limited

Issue Size

11,508,704 Eq Shares of ₹5 (aggregating up to ₹963.28 Cr)

#Offer for Sale: 11,508,704 Eq Shares of ₹5 (aggregating up to ₹963.28 Cr)

Retail Portion

35%

Subscription

102.58 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	22,56,741	16,92,556	39,49,297	2,25,000	81,23,594
Day 1 - 07-07-21 05:00 PM	0.49 x	2.68	3.24 x	0.25 x	2.28 x
Day 2 - 08-07-21 05:00 PM	2.79 x	6.31	7.50 x	0.75 x	5.75 x
Day 3 - 09-07-21 05:00 PM	168.58 x	238.04	12.58 x	1.36 x	102.58 x

Total No. of Applications: 2380229 (Approx)

Retail Subscription on the basis of Applications: 10.25 times

Valuations

Earnings Per Share (EPS)

₹98.31/- (Y20-21)

P/E Ratio

8.5

RoNW

26.15%

Net Asset Value (NAV) - As on 31.03.21

₹411.63

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	10,116.04	7,783.41	5,828.73
Revenue	7,906.94	6,423.70	5,325.53
Profit After Tax	953.22	800.83	716.63

About The Company

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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
G R Infraprojects Ltd.	2.0	8.5	24.0%	7844.1 Cr
Dilip Buildcon Ltd.	2.1	31.4	13.5%	9724.9 Cr
PNC Infratech Ltd.	2.5	15.1	23.7%	5602.6 Cr
KNR Constructions Ltd.	3.4	16.6	17.1%	2451.7 Cr
IRB Infrastructure Developers Ltd.	0.8	46.7	11.3%	6852.2 Cr
Ashoka Buildcon Ltd.	4.9	11.1	42.4%	5070.5 Cr
H.G. Infra Engineering Ltd.	2.5	11.1	22.8%	2217.1 Cr
Sadbhav Engineering Ltd.	1.1	0.0	91.0%	3487.1 Cr

IPO - Ratings

Ajcon Global Services Ltd	Subscribe
Angel Broking	Subscribe
Arun Kejriwal	Subscribe
Ashika Research	Subscribe
Axis Capital	None
BP Equities (BP Wealth)	Subscribe
Canara Bank	Subscribe
Capital Market	Subscribe
Choice Equity Broking Pvt Ltd	Subscribe
GEPL Capital Ltd	Subscribe
HDFC Securities Limited	None
Hem Securities	Subscribe
ICICI Direct	None
IDBI Capital	Subscribe
Investmentz Ltd	Subscribe for Long Term
JM Financial Institutional Securities	None
Nirmal Bang	Subscribe
Phillip Capital	Subscribe
Prabhudas Lilladher Pvt Ltd	Subscribe
Reliance Securities	Subscribe
Religare Broking Limited	None
Sharekhan Limited	None
Ventura Securities Limited	None

- Promoter(s)

Pre Issue Share Holding: 88.04%

Post Issue Share Holding: 86.54%

Company Promoter(s)

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

IPO - Issue Objectives

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

IPO - Anchor Investors

Ahead of IPO, GR Infraprojects raises Rs 283 crore from anchor investors

Out of the total allocation, as many as 19,18,298 equity shares or 56.67 percent of the total anchor investors allocation have been allocated to 13 mutual funds that have applied through a total of 38 schemes.

Smallcap World Fund Inc, Abu Dhabi Investment Authority, BlackRock Global Funds, The Master Trust Bank of Japan, and Fidelity among global investors participated in the anchor book offer.

Domestic investors including HDFC Trustee, Aditya Birla Sun Life, UTI MF, Axis MF, Kotak MF, HDFC Life Insurance, Sundaram MF and Motilal Oswal MF invested in GR Infraprojects via anchor book.

IPO - FAQs

Ans. G R Infraprojects Limited IPO is a Mainboard IPO. The issue is priced at ₹828 to ₹837 per equity share Employee Discount - ₹42. The minimum order quantity is 17 Shares. The IPO opens on Jul 7, 2021, and closes on Jul 9, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The G R Infraprojects Limited IPO opens on Jul 7, 2021 and closes on Jul 9, 2021.

Ans. The size of G R Infraprojects Limited IPO is 11,508,704 Eq Shares of ₹5 (aggregating up to ₹963.28 Cr) #Offer for Sale: 11,508,704 Eq Shares of ₹5 (aggregating up to ₹963.28 Cr).

Ans. The IPO price band is set between ₹828 to ₹837 per equity share Employee Discount - ₹42.

Ans. To apply for G R Infraprojects Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find G R Infraprojects Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of G R Infraprojects Limited IPO is Jul 14, 2021.

Ans. The G R Infraprojects Limited IPO will be listed on Jul 19, 2021.

Ans. Follow the steps to check the allotment status for G R Infraprojects Limited IPO here.