G R Infraprojects Limited

G R Infraprojects Limited IPO Review

GR Infra projects is a coordinated street designing, acquirement and development (EPC) organization with experience in plan and development of different street/interstate tasks across 15 States in India and having as of late enhanced into projects in the railroad area. Its main business tasks are extensively partitioned into three classifications: (I) common development exercises, under which it gives EPC administrations; (ii) improvement of streets, expressways on a Build Operate Transfer (BOT) premise, including under annuity and Hybrid Annuity Model (HAM); and (iii) producing exercises, under which it measures bitumen, make thermoplastic street checking paint, electric posts and street signage and create and excite metal accident boundaries.

The organization’s key business of common development involves EPC and BOT projects in the street area. It has, since 2006, executed more than 100 street development projects. As of the date of this Draft Red Herring Prospectus, it has one functional street project which has been built and created on a BOT (annuity) premise and 14 street projects which have been granted under the HAM, out of which five activities are at present functional, four undertakings are under development and development is yet to initiate on five of these tasks. The organization additionally has insight in developing state and public expressways, spans, ducts, flyovers, air terminal.

Subscription Dates7 – 9 July 2021
Price BandINR828 – 837 per share (employee discount – INR42 per share)
Fresh issueNil
Offer For Sale11,508,704 shares (INR952.92 – 963.28 crore)
Total IPO size11,508,704 shares (INR952.92 – 963.28 crore)
Minimum bid (lot size)17 shares
Face Value INR5 per share
Retail Allocation35%
Listing OnNSE, BSE
 

FY2018*

FY2019

FY2020

FY2021

Revenue

3,335.6

5,325.3

6,423.7

7,906.9

Expenses

2,824.9

4,317.8

5,269.6

6,582.3

Net income

417.7

715.1

797.5

953.6

Margin (%)

12.5

13.4

12.4

13.6

Earnings Per Share (EPS): INR98.31
Price/Earnings (PE ratio): 8.42 – 8.51
Return on Net Worth (RONW): 23.95%
Net Asset Value (NAV): INR411.63 per share

Date

GR Infra IPO GMP

Kostak

Subject to Sauda

17 July 2021

INR520

16 July 2021

INR520

15 July 2021

INR500

14 July 2021

INR470

INR570

13 July 2021

INR450

INR520

12 July 2021

INR440

INR570

INR5,000

Listing Performance of G R Infraprojects Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

G R Infraprojects Limited

Jul 19, 2021

837

1746.8

108.7

NSE : GRINFRA

BSE : 543317

ISIN CODE : INE201P01022

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Ventura Securities Not rated

IPO Opening Date: 7 July 2021

IPO Closing Date: 9 July 2021

Finalisation of Basis of Allotment: 14 July 2021

Initiation of refunds: 15 July 2021

Transfer of shares to demat accounts: 16 July 2021

Listing Date: 19 July 2021

Opening Price on NSE: INR1,715.85 per share (up 105% from IPO price)

Closing Price on NSE: INR1,747.10  per share (up 108.73% from IPO price)

G R Infraprojects Limited

Novus Tower, Second Floor

Plot No. 18, Sector 18

Gurugram, Haryana – 122 015

Phone: +91 294 248 7370

Email: cs@grinfra.com

Website: www.grinfra.com

KFin Technologies Private Limited Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 

Fax: +91 40 2343 1551

Email: einward.ris@kfintech.com 

Website: www.kfintech.com

Category

Shares offered

Subscription (no. of times, at 5 PM)

Day 1

Day 2

Day 3

QIB

22,56,741

0.49

2.78

168.58

NII

16,92,556

2.68

6.31

238.04

Retail

39,49,297

3.24

7.49

12.57

Employee

2,25,000

0.25

0.75

1.36

Total

81,23,594

2.28

5.75

102.57

G R Infraprojects Limited IPO FAQ's

G R Infraprojects IPO is a main-board IPO of 11,508,704 equity shares of the face value of ₹5 aggregating up to ₹963.28 Crores. The issue is priced at ₹828 to ₹837 per equity share. The minimum order quantity is 17 Shares.The initial public offering (IPO) begins on   Jul 7, 2021,  and ends on Jul 9, 2021..The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

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

G R Infraprojects IPO lot size is 17 Shares and the minimum order quantity is 17 Shares.

G R Infraprojects IPO  can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

The Basis of Allotment for G R Infraprojects IPO will be done on Jul 14, 2021, and the allotted shares will be credited to your demat account by Jul 16, 2021. Check the G R Infraprojects IPO allotment status.



The G R Infraprojects IPO listing date is on Monday, July 19, 2021.

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