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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 | ||
| IPO Date | Jul 7, 2021 to Jul 9, 2021 |
| Listing Date | Monday, July 19, 2021 |
| Face Value | ₹5 per share |
| Price | ₹828 to ₹837 per share |
| Lot Size | 17 Shares |
| Issue Size | 11,508,704 shares of ₹5 (aggregating up to ₹963.28 Cr) |
| Offer for Sale | 11,508,704 shares of ₹5 (aggregating up to ₹963.28 Cr) |
| Employee Discount | 42 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | Vinod Kumar Agarwal, Ajendra Kumar Agarwal, Purshottam Agarwal, and Lokesh Builders Private Limited are the company promoters. |
G R Infraprojects IPO opens on Jul 7, 2021, and closes on Jul 9, 2021. The G R Infraprojects IPO bid date is from Jul 7, 2021 10.00 A.M. to Jul 9, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Jul 7, 2021 |
| Closing Date | Jul 9, 2021 |
| Basis of Allotment | Jul 14, 2021 |
| Initiation of Refunds | Jul 15, 2021 |
| Credit of Shares to Demat | Jul 16, 2021 |
| Listing Date | Jul 19, 2021 |
The G R Infraprojects IPO 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 |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,229 |
| Retail (Max) | 14 | 238 | ₹199,206 |
| Pre Issue Share Holding | 88.04% |
| Post Issue Share Holding | 86.54% |
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 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
| Category | Subscription (times) |
|---|---|
| QIB | 168.58 |
| NII | 238.04 |
| Retail | 12.57 |
| Employee | 1.37 |
| Total | 102.58 |
| 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 share |
| Face Value | ₹5 per share |
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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://karisma.kfintech.com/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 17 | 0 | 0 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
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 Jul 7, 2021, and closes on Jul 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 Jul 7, 2021 and closes on Jul 9, 2021.
G R Infraprojects IPO lot size is 17 Shares and the minimum order quantity is .
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 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.
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