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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 BSE, NSE on Jul 19, 2021.
G R Infraprojects IPO price band is set at ₹837.00 per share . The lot size for an application is 17. The minimum amount of investment required by an retail is ₹14,076 (17 shares). 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 Pvt.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 Date | July 7, 2021 to July 9, 2021 |
| Listing Date | July 19, 2021 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹828 to ₹837 per share |
| Issue Price Final | ₹837 per share |
| Lot Size | 17 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,15,08,704 shares (aggregating up to ₹962.37 Cr) |
| Employee Discount | ₹42.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,66,89,010 shares |
| Share Holding Post Issue | 9,66,89,010 shares |
G R Infraprojects IPO offers total 1,15,08,704 shares. Out of which 56,41,851 (49.02%) allocated to QIB, 22,56,741 (19.61%) allocated to QIB, 16,92,556 (14.71%) allocated to NII, 39,49,297 (34.32%) allocated to RII and 33,85,110 (29.41%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 56,41,851 (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 (14.71%) | NA |
| Retail Shares Offered | 39,49,297 (34.32%) | 2,32,311 |
| Employee Shares Offered | 2,25,000 (1.96%) | NA |
| Total Shares Offered | 1,15,08,704 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
G R Infraprojects IPO opens on July 7, 2021, and closes on July 9, 2021.
| IPO Open Date | Wed, Jul 7, 2021 |
| IPO Close Date | Fri, Jul 9, 2021 |
| Tentative Allotment | Wed, Jul 14, 2021 |
| Initiation of Refunds | Thu, Jul 15, 2021 |
| Credit of Shares to Demat | Fri, Jul 16, 2021 |
| Tentative Listing Date | Mon, Jul 19, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 9, 2021 |
Investors can bid for a minimum of 17 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||
The Company G R Infraprojects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[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...
| Listing Date | July 19, 2021 |
| BSE Script Code | 543317 |
| NSE Symbol | GRINFRA |
| ISIN | INE201P01022 |
| Final Issue Price | ₹837 per share |
| BSE Listing Group | B |
G R Infraprojects Ltd.
Revenue Block No. 223, Old Survey No.384 /1, 384/2
Paiki and 384 / 3, Khata No. 464, Kochariya,
Ahmedabad, Gujarat - 382220
Ahmedabad, Gujarat
Phone: +91 294 248 7370
Email: cs@grinfra.com
Website: http://www.grinfra.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: gril.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 ₹962.37 Crores. The issue is priced at ₹837 per share. The minimum order quantity is 17.
The IPO opens on July 7, 2021, and closes on July 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 July 7, 2021 and closes on July 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 Friday, July 16, 2021. Check the G R Infraprojects IPO allotment status.
The G R Infraprojects IPO listing date is on Monday, July 19, 2021.
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