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G R Infraprojects Limited IPO (G R Infraprojects IPO) Detail

Jul 7, 2021 - Jul 9, 2021

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

  • 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:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

  • To achieve the share listing benefits on the BSE and NSE.
  • To make an offer for sale of upto 11,508,704 shares, aggregating to Rs._ million.

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 Size11,508,704 Eq Shares of ₹5
(aggregating up to ₹963.28 Cr)
Offer for Sale11,508,704 Eq Shares of ₹5
(aggregating up to ₹963.28 Cr)
Employee Discount 42

G R Infraprojects IPO Tentative Timetable

The G R Infraprojects IPO open date is Jul 7, 2021, and the close date is Jul 9, 2021. The issue may list on Jul 19, 2021.

IPO Open Date Jul 7, 2021
IPO Close Date Jul 9, 2021
Basis of Allotment Date Jul 14, 2021
Initiation of Refunds Jul 15, 2021
Credit of Shares to Demat Account Jul 16, 2021
IPO Listing Date Jul 19, 2021

G R Infraprojects IPO Lot Size

The G R Infraprojects IPO market lot size is 17 shares. A retail-individual investor can apply for up to 14 lots (238 shares or ₹199,206).

Application Lots Shares Amount (Cut-off)
Minimum 1 17 ₹14,229
Maximum 14 238 ₹199,206

G R Infraprojects IPO Promoter Holding

Pre Issue Share Holding 88.04%
Post Issue Share Holding 86.54%

G R Infraprojects IPO Review

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...

G R Infraprojects IPO Subscription Status (Bidding Detail)

The G R Infraprojects IPO is subscribed 102.58 times on Jul 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

CategorySubscription (times)
QIB168.58
NII238.04
Retail12.57
Employee1.37
Total102.58

G R Infraprojects IPO Prospectus

G R Infraprojects IPO Rating

1472
4.1
Rating:Rated 4.1 stars
Vote Here ...

G R Infraprojects IPO Listing Date

Listing Date Monday, July 19, 2021
BSE Script Code 543317
NSE Symbol GRINFRA
Listing In B Group of Securities
ISIN INE201P01022
IPO Price ₹837 per equity share
Face Value ₹5 per equity share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

G R Infraprojects IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: gril.ipo@kfintech.com
Website: https://karisma.kfintech.com/

G R Infraprojects IPO FAQs

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 IPO opens on Jul 7, 2021, and closes on Jul 9, 2021.

KFintech Private 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'G R Infraprojects IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of 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.

G R Infraprojects IPO Message Board

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1188 Comments

539. ColdBurger |   Link |Aug 14, 2021 1:53:40 AM
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
Despite good results, it is not moving above to opening price on closing basis. Hold or sell?
538. Gaurav g |   Link |Jul 23, 2021 6:36:16 PM
Mera refund nahi aaya abhi tak ...what to do plzz tell...bhut tension mai hu....
538.1. ColdBurger |   Link |Jul 23, 2021 11:03:44 PM
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
क्या आपने अपने बैंक में संपर्क किया है इस सम्बन्ध में ? आप IPO रजिस्ट्रार (KFintech Private Limited) को भी लिख सकते हो.
537. Mahendraingale |   Link |Jul 30, 2021 9:50:22 PM
Hi,

I applied GR Infra IPO between 7th to 9th July. Now we have not received allotment but still my blocked amount not released see the screen shot of My account.

also I contacted to IPO organizer they told me IPO amount released from their side, for further clarification contact to bank.

I also visit to bank they told me send mail to support.upi@sbi.co.in
537.2. Mahendraingale |   Link |Aug 6, 2021 11:45:03 PM
I contacted to state bank of india. they also don''t know why GR infra amount still shows in lien.

I waiting for my amount. request to you please look into this and sort it out and revoke the lien amount
537.3. aniket mhatre |   Link |Aug 9, 2021 12:49:47 PM
Hi,

I applied GR Infra IPO between 7th to 9th July. Now we have not received allotment but still my blocked amount not released see the screen shot of My account.

also I contacted to IPO organizer they told me IPO amount released from their side, for further clarification contact to bank.

I also visit to bank they told me send mail to support.upi@sbi.co.in
536. Gaurav DD dimer |   Link |Jul 24, 2021 1:07:03 AM
If i have to sell 1 ipo due to funds needs

Which one to go first?
Gr infra
Clean science
Zomato
536.1. pkmzeta |   Link |Jul 26, 2021 8:27:22 AM
zzomato and clean science
535. Nitin samotra |   Link |Jul 19, 2021 5:46:57 PM
I have not received any refund till now! I want my refund for applying to the next IPO
Help me
535.2. Gaurav g |   Link |Jul 22, 2021 12:05:48 AM
Aagye kya bhai....mere bhi nahi aaye yar abhi tak....
535.3. Piyush Chhawachharia |   Link |Jul 23, 2021 9:58:14 AM
Debit ho gaya account se? kaun sa bank h?
534. theseeker |   Link |Jul 21, 2021 11:21:15 PM
current GMP plz
533. Akhilgurram |   Link |Jul 21, 2021 8:30:29 AM
Today money my account balance was -14229
but my Mandate amount was not debited till now how can it be negative without any message
532. Rafiq |   Link |Jul 15, 2021 11:08:25 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
1/3 alloted
532.1. Umair |   Link |Jul 20, 2021 11:04:54 PM
1/3 means?
3 lot in one demat account?
531. Grow India |   Link |Jul 20, 2021 1:16:30 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Is form par jo pre issue holding and post issue holding di huyi hai wo wrong hai koi bata sakta hai sahi wali.
530. NRI Investor |   Link |Jul 19, 2021 10:30:29 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Bulk Deals Historical Data
Data for GRINFRA from 19-07-2021 to 19-07-2021
Date      Symbol      Security Name      Client Name      Buy / Sell      Quantity Traded      Trade Price /
Wght. Avg.
Price      Remarks
19-Jul-2021      GRINFRA      G R Infraprojects Limited      NK SECURITIES RESEARCH PRIVATE LIMITED      BUY      5,07,651      1710.51      -
19-Jul-2021      GRINFRA      G R Infraprojects Limited      NK SECURITIES RESEARCH PRIVATE LIMITED      SELL      5,07,651      1711.40      -
19-Jul-2021      GRINFRA      G R Infraprojects Limited      THENOMURATRUSTANDBANKINGCO.LTDASTHETRUSTEEOFNOMURAINDIASTOCKMOTHERFUND      BUY      5,00,000      1714.60      -


Nomura bought 5 lakhs shares bulk Deals in GR infra. It will booster for GR infra. Will blast to new high tomorrow
530.1. Vivek Damani |   Link |Jul 20, 2021 12:17:07 PM
Why it is going down now ?? should I hold it for short term ???
529. rsk |   Link |Jul 19, 2021 10:30:50 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Nomura bought GR also in addition to clean. No other FII/DII bulk trade
528. Spock 🖖 |   Link |Jul 19, 2021 6:46:13 PM
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
have anyone checked BOA of GR infra for NII category?

I remembered people were saying they have applied 100 lots or 191 lots or 225 lots or 301 lots applications.

Then in this case why is their application category not shown in BOA in NII table?
Am I reading BOA correctly?
Or are people here lying ?

Please check NII table, in this Category are 255(15 lots), 272, 289, 306 , 323 (19 lots)........
After this next category is 1678716 (98748 lots) and so on.

So why in BOA categories like 3247 (191 lots) etc etc is not present?

Any expert can throw light on this?
528.1. rsk |   Link |Jul 19, 2021 10:29:23 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Please read the last line on the left column for NII, This BOA NII data is only a sample. Its not possible to list all for NII as its not like retail few lines (in this case 1 to 14 lots),

200+ post and ?????
527. RAJAKUMAR |   Link |Jun 30, 2021 11:40:59 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Lekkar
Apply
Coming at 8 pe
Grey trading above 200
527.4. DHARMENDRA SHARMA |   Link |Jun 30, 2021 8:38:44 PM
Thank you Rajakumar jee for your advice
527.5. RAKA GANGAPUR |   Link |Jul 19, 2021 10:03:17 PM
Your Long term View on G R ?
526. KDEVP |   Link |Jul 19, 2021 9:23:41 PM
NSE delivery 65 lacs
BSE delivery 3 lacs

HNI / RII quote 55 lacs

Can anyone explain this fact ?
525. Eagleye |   Link |Jul 17, 2021 10:35:44 PM
IPO Guru IPO Guru (6200+ Posts, 20800+ Likes)
G R Infra = DO NOT SELL @9:45am
525.6. Vivek Damani |   Link |Aug 9, 2021 10:35:12 PM
Share is falling drastically. Pls advise what to do. I am still holding ipo allotment.
525.7. ColdBurger |   Link |Aug 11, 2021 6:15:32 PM
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
I too have same question, exit or wait? I have 6 remaining , 9 I had exited on 1775. If possible please any expert guide! thanks in advance. Result tomorrow, no one here to give +/- expectation from result?
524. Piyush Chhawachharia |   Link |Jul 17, 2021 8:40:35 PM
I have been alloted one lot. First 14,299 was deducted 2days back and today again 14,229 got deducted but I had applied and been alloted one lot. What should I do next?
524.9. Dixit Patil |   Link |Jul 18, 2021 4:18:42 PM
Piyush plz contact me i have same problem
8 6 6 8 4 7 0 0 7 9
524.10. Piyush Chhawachharia |   Link |Jul 19, 2021 5:27:10 PM
Didn''t get any refund till now
523. Gaurav g |   Link |Jul 19, 2021 5:25:48 PM
My amount still not released what to do...
522. 🔥 IPO CALLING 🔥 |   Link |Jul 19, 2021 5:09:38 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)


PSP projects
Rev at 320cr vs 111cr
Pbt at 34cr vs -13cr,q4 at 55cr

It is results of its competitor.

Now u deside valu of gr .

Much bigger than
521. MOHIT JAIN |   Link |Jul 19, 2021 12:13:57 PM
Agar is rate pai nahi beechaaa toh fir aap laalchi ho.better to wxit this one and review after first quater result
521.1. ColdBurger |   Link |Jul 19, 2021 12:25:17 PM
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
Let experts give suggestions to exit or hold. I am anxiously waiting for it but not see suggestions. If it has further upside in this week then I will wait
521.2. IPO allotment |   Link |Jul 19, 2021 4:59:33 PM
Laalchi kon nahi hai bhai, everyone is laalchi who are in stock market
520. Arjun Rajkot |   Link |Jul 17, 2021 11:46:04 PM
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
GR
Lisitng Around 1600

Must Must Hold.
520.4. Chalak lomdi |   Link |Jul 19, 2021 3:54:50 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Are mota bhai... Sab bech ke hajam bhi kar liya 😉😂....

Kafi time ke baad asli wala arjun rajkot is back...💪 ..... Good work...
520.5. OptimusPrime |   Link |Jul 19, 2021 4:52:56 PM
@chalak sir ke msg ne gland pharma main bohot help kri hai, apply bhi kiya profit bhi liya.. at that time 80% of experts were against that IPO.. now holding clean science, 2500 Ka target Diya hai, dekhte hai.. GR infra sold 12 shares @1710. Holding 5 there.