G R Infraprojects IPO

IPO Status: Closed [7th Jul 2021 to 9th Jul 2021]

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About G R Infraprojects IPO

G R Infraprojects Limited, an integrated road engineering, procurement, and construction (EPC) company is coming with an IPO by an offer for sale (OFS) of upto 11,508,704 equity shares. The IPO opening date is 7 July 2021 and closes for subscription on 9 July 2021. The price band is set at Rs. 828-837, the floor price is 165.60 times and cap price is 167.40 times of Rs. 5 face value. IPO lot size or minimum order quantity is 17 shares. Stay updated with us to know more about G R Infraprojects IPO including its financial performance, strengths, weakness, live subscription, allotment status, and more.

Incorporation Sector IPO Issue Size Website
1995 Construction ₹963.28 Cr http://www.grinfra.com/

About the Company - G R Infraprojects Limited

G R Infraprojects Limited is an integrated road engineering, procurement, and construction company with expertise in designing and constructing road projects like state and national highways, tunnels, bridges, flyovers, airport runways, etc. on EPC and Build Operate Transfer (BOT) basis. As of April 2021, it has successfully completed 100+ road construction projects across various states in India and 1 BOT project on an Annuity basis while 4 BOT projects are under construction. As of December 2021, it has a strong order book value of Rs. 190,258.05 million.

It has three manufacturing units at Udaipur (Rajasthan), Sandila (Uttar Pradesh), and Guwahati (Assam) to process bitumen, thermoplastic road making paints, road signage and has a fabrication and galvanization unit at Ahmedabad, Gujarat to manufacture metal crash barriers and electric poles.

G R Infraprojects IPO Objective

  • To collect an aggregate amount of ₹_ by an offer for sale of up to 11,508,704 equity shares.
  • To achieve the share listing benefits on the NSE and BSE stock exchanges.

G R Infraprojects IPO Details

G R Infraprojects IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

G R Infraprojects IPO Details
G R Infraprojects Issue Details Values
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: 11,508,704 shares at ₹837 each [Aggregating to ₹962 Cr]
Offer for Sale: 11,508,704 shares at ₹837 each [Aggregating to ₹962 Cr]
Face Value: ₹5 Per Equity Share
IPO Issue Price: ₹828-837
IPO Discount: 42
Market Lot: 17 Shares
Min Retail Qty: 17 shares (1 lot)
Max Retail Qty: 238 shares (14 lots)
Promoter Holding Pre IPO: 88.04%
Promoter Holding Post IPO: 86.54%
IPO Listing At: BSE, NSE
BSE Code: 543317
NSE Code: GRINFRA

G R Infraprojects IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 2,256,741 Shares
  • Non-Institutional Investors: 1,692,556 Shares
  • Retail Individual Investor: 3,949,297 Shares
  • Employees Quota: 225,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPTotal
 # of Shares Offered2,256,7411,692,5563,949,297225,0008,123,594
17th Jul 2021 17:020.49x2.68x3.25x0.24x2.28x
28th Jul 2021 19:022.79x6.31x7.50x0.75x5.75x
39th Jul 2021 17:03168.58x238.04x12.57x1.37x102.58x

G R Infraprojects Financials for past 3 Years

Past performance and financial results of G R Infraprojects.

G R Infraprojects financial
G R Infrastructure Limited Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹10,116.05 Cr ₹7,783.42 Cr ₹5,828.73 Cr
Total Income ₹7,906.94 Cr ₹6,423.71 Cr ₹5,325.53 Cr
Net Profit/Loss ₹953.22 Cr ₹800.83 Cr ₹716.64 Cr

G R Infraprojects IPO Strengths

  • Strong order book value worth Rs. 190,258.05 million as of December 2021.
  • Focused EPC player with a major focus on road projects.
  • Long-term experience in civil construction projects.
  • Well-proven financial track record and good credit rating.

G R Infraprojects IPO Threats/Weaknesses

  • Continuing uncertainty around the COVID-19 pandemic spread all over the world adversely affects the industry.
  • G R Infra generates a major portion of revenues around 90% from civil construction projects including both EPC and BOT projects.
  • Revenue dependency on road projects in India awarded by GoI and other entities funded by the Indian government or state government.

G R Infraprojects IPO Important Dates

In this section we have covered all important dates related to G R Infraprojects IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

G R Infraprojects IPO important dates
IPO Activity Date
IPO Issue Open Date 7th Jul 2021
IPO Issue Close Date 9th Jul 2021
Basis of Allotment Finalisation Date* 14th Jul 2021
Refunds Initiation* 15th Jul 2021
Credit of Shares to Demat Account* 16th Jul 2021
IPO Listing Date* 19th Jul 2021

* - Tentative Dates

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  NRI Form ⇒

G R Infraprojects IPO DRHP >>Document

G R Infraprojects IPO RHP >>Document

G R Infraprojects IPO Allotment Status >>Link

Company Address

G R Infraprojects Limited
Revenue Block No. 223, Old Survey No.384 /1, 384/2
Paiki and 384 / 3, Khata No. 464, Kochariya,
Ahmedabad, Gujarat - 382220
Website: http://www.grinfra.com/
Email: [email protected]
Phone: +91 294 248 7370

Registrar

KFinTech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/

Lead Manager

  1. Equirus Capital Private Limited.
  2. HDFC Bank Limited
  3. ICICI Securities Limited
  4. Kotak Mahindra Capital Company Limited
  5. Motilal Oswal Investment Advisors Pvt Ltd
  6. SBI Capital Markets Limited
G R Infraprojects IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for G R Infraprojects? Should I apply in G R Infraprojects IPO?

Last Updated on 2021-07-19T10:08:49+00:00

G R Infraprojects IPO FAQs

  1. 1. How to subscribe G R Infraprojects IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase G R Infraprojects IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply G R Infraprojects IPO with Zerodha.

    Alternate approch to apply in G R Infraprojects IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    G R Infraprojects IPO Review and Important Updates

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  2. 2. How to apply in G R Infraprojects IPO online?

    Apply in G R Infraprojects IPO online

    To subscribe or apply in G R Infraprojects IPO, you can use the following methods:

    G R Infraprojects IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in G R Infraprojects IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in G R Infraprojects IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in G R Infraprojects IPO. Most of the Syndicate Banks provide access to apply in G R Infraprojects IPO via ASBA process. You must have your net banking access, DP ID information to apply in G R Infraprojects IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in G R Infraprojects IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    G R Infraprojects IPO Review and Important Updates

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  3. 3. How to download online application form for G R Infraprojects IPO?

    Applying in G R Infraprojects IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download G R Infraprojects IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply G R Infraprojects IPO, please refer article >> Link

    G R Infraprojects IPO Review and Important Updates

    Steps to download the online application form for G R Infraprojects IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 17 and max 238 shares (14 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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  4. 4. What is the listing date of G R Infraprojects IPO?

    G R Infraprojects IPO is going to be list on 19-07-2021. NSE Code for G R Infraprojects is GRINFRA. BSE Code for G R Infraprojects is 543317.

    Other relevant questions:

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  5. 5. When G R Infraprojects IPO will be allocated?

    G R Infraprojects IPO Allotment Date is 14-07-2021.

    Other relevant questions:

    G R Infraprojects IPO share allotment date?G R Infraprojects IPO allotment date?

     

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User Comments

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7. Nakul   6/29/2021 1:01:57 PM Reply
Expected price band: 827-838 and lot size 17 shares.
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6. Surendra Sharma  6/29/2021 12:53:40 PM Reply
G R Infra is a must apply IPO to gain strong returns in long term.
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5. Neeraj Kataruka   6/28/2021 10:38:25 PM Reply
G R Infraprojects IPO expected listing gain.
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4. Akbar khan  6/28/2021 10:38:25 PM Reply
Please confirm G R Infraprojects IPO GMP (grey market premium) and kostak.
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3. Biswajit Mohanty  6/28/2021 10:38:25 PM Reply
G R Infraprojects IPO good or bad.
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2. maheshwar Dass  6/28/2021 10:38:25 PM Reply
G R Infraprojects IPO whether to invest or not.
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1. Dharmendra Chouhan   6/28/2021 10:38:25 PM Reply
G R Infraprojects IPO - CRISIL Rating, Apply or not?.

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