IPO

G R Infraprojects Limited IPO

Mainboard

Engineering - Construction

Listed On: Jul 19, 2021 at ₹ 1715.85(NSE)

₹ 14229 /17 Shares

Check Allotment

07 Jul, 2021

Open Date

09 Jul, 2021

Close Date

14 Jul, 2021

Allotment Date

19 Jul, 2021

Listing Date
Price Summary

Last Closing

1,013.10 (21.04%)

52 Week High

1,576.60

52 Week Low

901.00

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹828 to ₹837 per equity share
    Employee Discount - ₹42
  • Face Value ₹5 Per Equity Share 
  • Issue Price 11,508,704 Eq Shares of ₹5 (aggregating up to ₹963.28 Cr)

    #Offer for Sale: 11,508,704 Eq Shares of ₹5 (aggregating up to ₹963.28 Cr)
  • Listing at BSE, NSE
  • List Price 1715.85(NSE)
  • Listing Date 2021-07-19
  • Lead Manager Equirus Capital Private Limited, HDFC Bank Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Pvt Ltd, SBI Capital Markets Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 35%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹828-837 per equity share, which has a face value of ₹5 Per Equity Share  each, IPO bidding starts from Jul 7, 2021 and ends on Jul 9, 2021. The allotment for IPO will be finalized on Jul 14, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 19, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Equirus Capital Private Limited, HDFC Bank Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Pvt Ltd, SBI Capital Markets Limited.


The IPO sets its price band at 828-837 for each share. A single application for G R Infraprojects Limited IPO must contain at least 17 shares.

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IPO Subscription Analysis And Details
Retail
12.58x
QIB
168.58x
NII
238.04x
Total
102.58x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 22,56,741 16,92,556 39,49,297 2,25,000 81,23,594
Day 1 07-07-21 05:00 PM
0.49 x 2.68 3.24 x 0.25 x 2.28 x
Day 2 08-07-21 05:00 PM
2.79 x 6.31 7.50 x 0.75 x 5.75 x
Day 3 09-07-21 05:00 PM
168.58 x 238.04 12.58 x 1.36 x 102.58 x
Total No of Applications
2380229
Subscription on the basis of Applications
10.25
Valuations
Earnings Per Share (EPS) ₹98.31/- (Y20-21)
P/E Ratio 8.5
RoNW 26.15%
Net Asset Value (NAV) - As on 31.03.21 ₹411.63
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19
Assets 10,116.04 7,783.41 5,828.73
Revenue 7,906.94 6,423.70 5,325.53
Profit After Tax 953.22 800.83 716.63
About Company

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.

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- Promoter(s)

Vinod Kumar Agarwal

Ajendra Kumar Agarwal

Purshottam Agarwal

Lokesh Builders Private Limited

Pre Issue Share Holding : 88.04%

Post Issue Share Holding : 86.54%

IPO - Issue Objectives
1

To achieve the share listing benefits on the BSE and NSE.

2

To make an offer for sale of upto 11,508,704 shares.

IPO - Anchor Investors

Ahead of IPO, GR Infraprojects raises Rs 283 crore from anchor investors

Out of the total allocation, as many as 19,18,298 equity shares or 56.67 percent of the total anchor investors allocation have been allocated to 13 mutual funds that have applied through a total of 38 schemes.

Smallcap World Fund Inc, Abu Dhabi Investment Authority, BlackRock Global Funds, The Master Trust Bank of Japan, and Fidelity among global investors participated in the anchor book offer.

Domestic investors including HDFC Trustee, Aditya Birla Sun Life, UTI MF, Axis MF, Kotak MF, HDFC Life Insurance, Sundaram MF and Motilal Oswal MF invested in GR Infraprojects via anchor book.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
G R Infraprojects Ltd. 2.0 8.5 24.0% 7844.1 Cr
Dilip Buildcon Ltd. 2.1 31.4 13.5% 9724.9 Cr
PNC Infratech Ltd. 2.5 15.1 23.7% 5602.6 Cr
KNR Constructions Ltd. 3.4 16.6 17.1% 2451.7 Cr
IRB Infrastructure Developers Ltd. 0.8 46.7 11.3% 6852.2 Cr
Ashoka Buildcon Ltd. 4.9 11.1 42.4% 5070.5 Cr
H.G. Infra Engineering Ltd. 2.5 11.1 22.8% 2217.1 Cr
Sadbhav Engineering Ltd. 1.1 0.0 91.0% 3487.1 Cr