GR Infraprojects IPO may hit the market on 07 July 2021. The company plans to raise ₹963 crore through the initial public offerings. The face value of equity shares is ₹5. The company filed DRHP on 13 April 2021, got SEBI’s go ahead to float the IPO. The offer for sale comprises of 11,42,400 Eq. shares Lokesh Builders Pvt. Ltd, 127,000 equity. Shares Jasamrit Premises, 80,000 Eq Shares Jasamrit Fashions Pvt Ltd, 56,000 Eq. Shares Jasamrit Creations Pvt. Ltd, 44,000 Eq. Shares Jasamrit Construction Pvt. Ltd. The company was incorporated in 1995. They are integrated road EPC company with experience in design and construction of various road/highway projects across 15 States in India. They are also diversified their business in railway sector as well. They provide EPC services; (ii) development of roads, highways on a BOT basis, including under annuity and HAM; and (iii) manufacturing activities, under which we process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers. Check out GR Infraprojects IPO details.
Competitive Strengths
- Expertise in road projects i.e. state and national highways, culverts, flyovers, airport runways, tunnels, etc.
- Strong project execution capabilities.
- Robust financial performance track record.
- Experienced promoters and managers team.
Company Promoters:
Vinod Kumar Agarwal, Ajendra Kumar Agarwal, Purshottam Agarwal, and Lokesh Builders Private Limited are the company promoters.
Company Financials:
| 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 |
GR Infraprojects IPO Date & Price Band
G R Infraprojects IPO Details
| IPO Opening Date | Jul 7, 2021 |
| IPO Closing Date | Jul 9, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹828 to ₹837 per equity share |
| Market Lot | 17 Shares |
| Min Order Quantity | 17 Shares |
| Listing At | BSE, NSE |
| 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) |
| Employee Discount | 42 |
GR Infraprojects IPO Market Lot
The GR Infraprojects IPO minimum market lot is 17 shares with ₹14,229 application amount. The retail investors can apply up-to 14 lots with 238 shares or ₹1,99,206 amount.
| Minimum Lot Size: | Minimum 17 Shares |
| Minimum Amount: | ₹14,229 |
| Maximum Lot Size: | Maximum 238 Shares |
| Maximum Amount: | ₹1,99,206 |
GR Infraprojects IPO Allotment & Listing
The GR Infraprojects IPO date is 07 July 2021 and the close date is 09 July 2021. The allotment date is 14 July 2021 and the IPO to list on 19 July 2021.
| Basis of Allotment: | 14 July 2021 |
| Refunds: | 15 July 2021 |
| Credit to Demat Account: | 16 July 2021 |
| Listing Date: | 19 July 2021 |
Company Promoters
- Vinod Kumar Agarwal
- Ajendra Kumar Agarwal
- Purshottam Agarwal
- Lokesh Builders Private Limited
About GR Infraprojects
GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across 15 States in India and having recently diversified into projects in the railway sector. Our principal business operations are broadly divided into three categories: (i) civil construction activities, under which we provide EPC services; (ii) development of roads, highways on a BOT basis, including under annuity and HAM; and (iii) manufacturing activities, under which we process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers.
Our Company was incorporated in December 1995 and we have gradually increased our execution capabilities in terms of the size of projects that we have bid for and executed. For example, one of the first road projects that we executed was for the Public Works Department, Rajasthan in 1997 with a Bid Project Cost of ₹ 26.50 million, whereas the project recently awarded by NHAI, i.e. Vadodara Mumbai Expressway project in the state of Maharashtra on HAM basis, to us in 2020 involves a Bid Project Cost of ₹ 27,470.00 million. Our individual Promoters have more than 25 years of experience in the construction industry. Prior to the incorporation of our Company, our individual Promoters were associated with M/s. Gumani Ram Agarwal, a partnership firm engaged in the construction business, which was acquired by our Company in 1996.