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G R Infraprojects IPO is a book built issue of Rs 963.28 crores. The issue is entirely an offer for sale of 1.15 crore shares.
G R Infraprojects IPO bidding started from July 7, 2021 and ended on July 9, 2021. The allotment for G R Infraprojects IPO was finalized on Wednesday, July 14, 2021. The shares got listed on BSE, NSE on July 19, 2021.
G R Infraprojects IPO price band is set at ₹828 to ₹837 per share. The minimum lot size for an application is 17 Shares. The minimum amount of investment required by retail investors is ₹14,229.
The issue includes a reservation of up to 225,000 shares for employees offered at a discount of Rs 42 to the issue price.
Equirus Capital Private Limited, Hdfc Bank Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the book running lead managers of the G R Infraprojects IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to G R Infraprojects IPO RHP for detailed information.
| IPO Date | July 7, 2021 to July 9, 2021 |
| Listing Date | July 19, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹828 to ₹837 per share |
| Lot Size | 17 Shares |
| Total Issue Size | 11,508,704 shares (aggregating up to ₹963.28 Cr) |
| Offer for Sale | 11,508,704 shares of ₹5 (aggregating up to ₹963.28 Cr) |
| Employee Discount | Rs 42 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 96,689,010 |
| Share holding post issue | 96,689,010 |
G R Infraprojects IPO offers 11,508,704 shares. 5,641,851 (49.02%) to QIB, 1,692,556 (14.71%) to NII, 3,949,297 (34.32%) to RII, 225,000 (1.96%) to employees. 232,311 RIIs will receive minimum 17 shares and (sNII) and (bNII) will receive minimum 255 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,641,851 (49.02%) | NA |
| NII (HNI) Shares Offered | 1,692,556 (14.71%) | |
| Retail Shares Offered | 3,949,297 (34.32%) | 232,311 |
| Employee Shares Offered | 225,000 (1.96%) | NA |
| Total Shares Offered | 11,508,704 (100%) |
G R Infraprojects IPO opens on July 7, 2021, and closes on July 9, 2021.
| IPO Open Date | Wednesday, July 7, 2021 |
| IPO Close Date | Friday, July 9, 2021 |
| Basis of Allotment | Wednesday, July 14, 2021 |
| Initiation of Refunds | Thursday, July 15, 2021 |
| Credit of Shares to Demat | Friday, July 16, 2021 |
| Listing Date | Monday, July 19, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 9, 2021 |
Investors can bid for a minimum of 17 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,229 |
| Retail (Max) | 14 | 238 | ₹199,206 |
| Lot Size Calculator | |||
Vinod Kumar Agarwal, Ajendra Kumar Agarwal, Purshottam Agarwal, and Lokesh Builders Private Limited are the company promoters.
| Share Holding Pre Issue | 88.04% |
| Share Holding Post Issue | 86.54% |
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.
Competitive Strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 1,01,160.45 | 77,834.16 | 58,287.31 | ||
| Total Revenue | 79,069.43 | 64,237.05 | 53,255.30 | ||
| Profit After Tax | 9,532.21 | 8,008.32 | 7,166.38 | ||
[Dilip Davda] The issue is priced reasonably based on financial parameters. This sector is booming and poised for bright prospects ahead. However, the debt/equity ratio of GRIL raises concerns. Investors may consider investing in this offer with a long term perspective. Read detail review...
The G R Infraprojects IPO is subscribed 102.58 times on July 9, 2021 5:01:00 PM. The public issue subscribed 12.57 times in the retail category, 168.58 times in the QIB category, and 238.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 10.25 times
| Category | Subscription (times) |
|---|---|
| QIB | 168.58 |
| NII | 238.04 |
| Retail | 12.57 |
| Employee | 1.37 |
| Total | 102.58 |
| Listing Date | July 19, 2021 |
| BSE Script Code | 543317 |
| NSE Symbol | GRINFRA |
| ISIN | INE201P01022 |
| Final Issue Price | ₹837 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹837.00 |
| ₹1,700.00 |
| ₹1,550.00 |
| ₹1,838.80 |
| ₹1,746.80 |
| NSE |
|---|
| ₹837.00 |
| ₹1,715.85 |
| ₹1,550.00 |
| ₹1,838.00 |
| ₹1,747.10 |
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
Phone: +91 294 248 7370
Email: cs@grinfra.com
Website: http://www.grinfra.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: gril.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
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 share. The minimum order quantity is 17 Shares.
The IPO opens on July 7, 2021, and closes on July 9, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in G R Infraprojects IPO using UPI as a payment gateway. Zerodha customers can apply in G R Infraprojects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in G R Infraprojects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The G R Infraprojects IPO opens on July 7, 2021 and closes on July 9, 2021.
G R Infraprojects IPO lot size is 17 Shares, and the minimum amount required is ₹14,229.
You can apply in G R Infraprojects IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for G R Infraprojects IPO will be done on Wednesday, July 14, 2021, and the allotted shares will be credited to your demat account by Friday, July 16, 2021. Check the G R Infraprojects IPO allotment status.
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