Bookbuilding IPO | ₹962 Cr | Listed at BSE, NSE | Wed, Jul 7, 2021 - Fri, Jul 9, 2021
G R Infraprojects IPO is a book build issue of ₹962.37 crores. The issue is entirely an offer for sale of 1.15 crore shares of ₹962.37 crore.
G R Infraprojects IPO bidding started from Jul 7, 2021 and ended on Jul 9, 2021. The allotment for G R Infraprojects IPO was finalized on Jul 14, 2021. The shares got listed on NSE and BSE on Jul 19, 2021.
G R Infraprojects IPO is set final issue price at ₹837 per share. The lot size for an application is 17 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,229 (17 shares) (based on upper price). The lot size investment for sNII is 15 lots (255 shares), amounting to ₹2,13,435, and for bNII, it is 71 lots (1,207 shares), amounting to ₹10,10,259.
The issue includes a reservation of up to 2,25,000 shares for employees offered at a discount of ₹42.00 to the issue price.
Equirus Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to G R Infraprojects IPO RHP for detailed Information.
IPO Open
Wed, Jul 7, 2021
IPO Close
Fri, Jul 9, 2021
Issue Price
₹837 per share
Market Cap (Pre-IPO)
₹8,092.87 Cr
| IPO Date | 7 to 9 Jul, 2021 |
| Listed on | Mon, Jul 19, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹828 to ₹837 |
| Issue Price | ₹837 per share |
| Lot Size | 17 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹42.00 |
| Total Issue Size | 1,15,08,704 shares (agg. up to ₹962 Cr) |
| Offer for Sale | 1,15,08,704 shares of ₹5 (agg. up to ₹962 Cr) |
| Share Holding Pre Issue | 9,66,89,010 shares |
| Share Holding Post Issue | 9,66,89,010 shares |
| BSE Script Code / NSE Symbol | 543317 / GRINFRA |
| ISIN | INE201P01022 |
G R Infraprojects IPO comprises a total issue size of 1,15,08,704 shares. The net offer to the public is 1,12,83,704 shares, after excluding 2,25,000 shares under a preferential allotment. Of the Net offer 56,41,851 (50.00%) are allocated to QIB, 16,92,556 (15.00%) allocated to NII 39,49,297 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 56,41,851 | 50.00% | 49.02% | NA |
| − Anchor Investor Shares Offered | 33,85,110 | 29.41% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 22,56,741 | 19.61% | NA | |
| NII (HNI) Shares Offered | 16,92,556 | 15.00% | 14.71% | NA |
| Retail Shares Offered | 39,49,297 | 35.00% | 34.32% | 2,32,311 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,25,000 | 1.96% | NA | |
| Total Shares Offered | 1,15,08,704 | 100.00% | 100.00% | |
Investors can bid for a minimum of 17 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,229 |
| Retail (Max) | 14 | 238 | ₹1,99,206 |
| S-HNI (Min) | 15 | 255 | ₹2,13,435 |
| S-HNI (Max) | 70 | 1,190 | ₹9,96,030 |
| B-HNI (Min) | 71 | 1,207 | ₹10,10,259 |
G R Infraprojects IPO raises ₹283.33 crore from anchor investors. G R Infraprojects IPO Anchor bid date is July 6, 2021.
| Bid Date | Tue, Jul 6, 2021 |
| Shares Offered | 33,85,110 |
| Anchor Portion (₹ Cr.) | 283.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 13, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 12, 2021 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
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
| Period Ended | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 10,116.05 | 7,783.42 | 5,828.73 |
| Total Income | 7,906.94 | 6,423.71 | 5,325.53 |
| Profit After Tax | 953.22 | 800.83 | 716.64 |
| EBITDA | 1,912.54 | 1,637.08 | 1,326.31 |
| NET Worth | 3,980.03 | 3,027.15 | 2,229.68 |
| Reserves and Surplus | 3,926.77 | 2,973.76 | 2,176.29 |
| Total Borrowing | 4,494.97 | 3,179.31 | 2,110.71 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|
| Likhitha Infrastructure Ltd. | Mainboard | ₹61.20 Cr | ₹120 | ₹136.50 | +13.75% | ₹257.60 (-1.19%) |
| Abhishek Integrations Ltd. | SME | ₹4.95 Cr | ₹50 | ₹38.00 | -24.00% | ₹36.00 (-4.89%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the offer for sale of 11,508,704 Equity Shares by the Selling Shareholders |
The G R Infraprojects IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 72.11 | 1,15,08,704 | 82,98,40,261 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 27.25 |
| 2 | Selling commission payable to SCSBs for Bids directly procured by them and processing fees payable to SCSBs for Bids (other than Bids submitted by RIIs using the UPI Mechanism) procured by the Members of the Syndicate, the Registered Brokers, CRTAs or CDPs and submitted to SCSBs for blocking, Bankers to the Offer, fees payable to the Sponsor Bank for Bids made by RIIs | 6.49 |
| 3 | Selling commission and uploading charges payable to Members of the Syndicate (including their Sub-Syndicate Members), RTAs, CDPs and Registered Brokers | |
| 4 | Processing fees payable to the Sponsor Bank | |
| 5 | Fees payable to Registrar to the Offer | 0.46 |
| 6 | Printing and stationery expenses | 2.46 |
| 7 | Advertising and marketing expenses | 5.00 |
| 8 | Others: (i) Listing fees; (ii) SEBI fees, BSE and NSE processing fees; (iii) Book-building software fees; (iv) Other regulatory expenses; (v) Fees payable to legal counsel; and (vi) Miscellaneous | 10.54 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹837.00 | ₹837.00 |
| Open | ₹1,700.00 | ₹1,715.85 |
| Low | ₹1,550.00 | ₹1,550.00 |
| High | ₹1,838.80 | ₹1,838.00 |
| Last Trade | ₹1,746.80 | ₹1,747.10 |
Lead Manager Reports
G R Infraprojects IPO is a main-board IPO of 1,15,08,704 equity shares of the face value of ₹5 aggregating up to ₹962 Crores. The issue is priced at ₹837 per share. The minimum order quantity is 17.
The IPO opens on Wed, Jul 7, 2021, and closes on Fri, Jul 9, 2021.
Kfin Technologies Ltd. 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 Wed, Jul 7, 2021 and closes on Fri, Jul 9, 2021.
G R Infraprojects IPO lot size is 17, and the minimum amount required for application is ₹14,229.
You can apply in G R Infraprojects IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Jul 16, 2021. Check the G R Infraprojects IPO allotment status.
The G R Infraprojects IPO listing date is on Mon, Jul 19, 2021.
