G R Infraprojects was incorporated on December 22, 1995 as ‘G. R. Agarwal Builders and Developers Limited’ .The company is an integrated road engineering, procurement and construction (“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.
| Bidding Dates |
|---|
| 07 Jul 2021 - 09 Jul 2021 |
| Subscription |
|---|
| 102.58x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,229 | 1 | 14 | 17 | 11.5 M | ₹828 - ₹837 | 88.04 % | ₹9529.2 M - ₹9632.8 M | RHP DOC |
G R Infraprojects IPO SUBSCRIPTION STATUS
09 Jul '21G R Infraprojects IPO overall subscription rate was 102.58 times the total available shares
G R Infraprojects IPO retail subscription rate was 12.57 times in the retail segment
G R Infraprojects IPO non-institutional investor subscription rate was 238.04 times in the non-institutional investor category
G R Infraprojects IPO Qualified Institutional Bidder subscription rate was 168.58 times the available shares for Qualified Institutional Bidder
G R Infraprojects IPO Employees subscription rate was 1.37 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
09 Jul 2021 (Day 3) | 12.57x | 238.04x | 168.58x | 1.37x |
08 Jul 2021 (Day 2) | 7.5x | 6.31x | 2.79x | 0.75x |
07 Jul 2021 (Day 1) | 3.25x | 2.68x | 0.49x | 0.24x |
G R Infraprojects IPO SUBSCRIPTION STATUS DETAILS
G R Infraprojects had 11.5 M shares on offer
G R Infraprojects IPO offer price was in the range ₹828 - ₹837
G R Infraprojects IPO minimum Investment was ₹14229
G R Infraprojects IPO issue size was ₹ 9529.2 M - ₹ 9632.8 M
G R Infraprojects had a minimum lot size of 17 Shares per application
G R Infraprojects NUMBER OF SHARES ON OFFER
G R Infraprojects IPO IMPORTANT DATES
| Issue Open Date | 07 Jul 2021 |
| Issue close Date | 09 Jul 2021 |
| Allotment Date | 14 Jul 2021 |
| Refund Date | 15 Jul 2021 |
| Demat Account Credit Date | 16 Jul 2021 |
| Listing Date | 19 Jul 2021 |
| Listing on Exchange(s) | NSE and BSE |
| G R Infraprojects Allotment Status | Exchange |
G R Infraprojects IPO subscription opened on 07 Jul 2021, and closed on 09 Jul 2021
IPO allotment for G R Infraprojects was finalized on Wednesday, 14 Jul 2021
IPO listing for G R Infraprojects was on NSE and BSE on Monday, 19 Jul 2021
G R Infraprojects IPO LISTING GAINS
| Issue Price (adjusted) | 837.0 |
| Listing Open Price | 1700.0 |
| Listing Close Price | 1746.8 |
| Listing Gain% | 103.1% |
| Current Gain% | 4.0% |
G R Infraprojects Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| G R Infraprojects Ltd. | 870.7 | 8418.7 | 8.3 | -1 | 0.9 | 9.6 | 5.6 | 8527.3 | 12.3 | 902.8 | -11 | 105 | -7.9 |
| IRB Infrastructure Developers Ltd. | 19.7 | 23769.5 | 24.9 | -0.3 | 3.1 | 4 | 1.6 | 7854 | -2.2 | 850.4 | -86.9 | 0.8 | -85.4 |
| Dilip Buildcon Ltd. | 449 | 7293 | 5.6 | 0.1 | 0.8 | 19.1 | 6.9 | 9499.6 | -17.1 | 1302.4 | 103.2 | 80.2 | 103.2 |
| PNC Infratech Ltd. | 224.4 | 5756.2 | 7.9 | 0.9 | 1 | 12.2 | 6 | 5509.6 | -20.6 | 831.8 | 2 | 28.5 | 9 |
| Ashoka Buildcon Ltd. | 118.3 | 3321.8 | 1.3 | 0 | 0.4 | 38.8 | 19.5 | 7703.6 | -24.5 | 2550 | 50.5 | 90.8 | 50.5 |
| Hazoor Multi Projects Ltd. | 22.6 | 522.6 | 12.2 | 1.8 | 0.9 | 6.8 | 2.5 | 595.9 | -7.4 | 42.7 | 6.8 | 1.8 | 6.8 |
G R Infraprojects INFORMATION ON IPO ISSUE
About G R Infraprojects
Object of the Issue
2. To make an offer for sale of upto 11,508,704 shares, aggregating to Rs._ million.
G R Infraprojects - PROMOTERS
| Name |
|---|
| Vinod Kumar Agarwal |
| Ajendra Kumar Agarwal |
| Purshottam Agarwal |
| Lokesh Builders |
G R Infraprojects Book Running Lead Managers
HDFC Bank Limited
gril.ipo@hdfcbank.com
ICICI Securities Limited
gril.ipo@icicisecurities.com
Kotak Mahindra Capital Company Limited
grinfra.ipo@kotak.com
Motilal OswalInvestment Advisors Limited
gril.ipo@motilaloswal.com
SBI Capital Markets Limited
gril.ipo@sbicaps.com
EquirusCapital Private Limited
gril.ipo@equirus.com
G R Infraprojects Registrar to the Offer
KFin Technologies Private Limited
gril.ipo@kfintech.com
G R Infraprojects 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.
IPO FAQs
This IPO consists of an offer for sale of up to Rs 963.3 crore, of 11,508,704 shares.
The promoters of the company are Vinod Kumar Agarwal, Ajendra Kumar Agarwal, Purshottam Agarwal and Lokesh Builders.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 828.0 - 837.0.
The IPO application opens on Jul 07, 2021 and closes on Jul 09, 2021.
The minimum lot size for the IPO is 17. The maximum lot size for the IPO is 238.
For all category investors, the minimum application amount for this IPO is Rs. 14,229.0, the maximum value for this IPO is Rs 199,206.0.
This IPO will be allotted on Jul 14, 2021.
The refund will be credited to your account on Jul 15, 2021.
The allotted shares will be credited to your demat on Jul 16, 2021.
G R Infraprojects Ltd.’s shares listed on the stock exchanges on Jul 19, 2021.