G R Infraprojects Limited IPO

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

Particulars For the year/period ended (Rs in Million)
Summary of financial Information (Restated) 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.

(Read Detailed Report)


Issue Details


ISSUE OPENS
Wednesday, July 07, 2021

ISSUE CLOSES
Friday, July 09, 2021

ISSUE PRICE
Rs 828 - Rs 837 Per Equity Share.

BID LOT
17 Equity shares & multiple of 17 Equity shares thereafter.

IPO SIZE
Rs. 963.28 Cr

LISTING EXCHANGES
NSE & BSE

ALLOTMENT DATE
Tentatively Thursday, July 15, 2021

RATIOS
QIB 50% - Retail 35% - NIB 15%

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