IPO Issue Details
Issue Price / Price Band₹837 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size17 Shares per Lot
Total Issue Size1,15,08,704 shares (aggregating up to ₹962.37 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 07 Jul 2021
Subscription CloseFri, 09 Jul 2021
Anchor AllotmentTue, 06 Jul 2021
Basis of AllotmentWed, 14 Jul 2021
Initiation of RefundsThu, 15 Jul 2021
Credit of Shares to DematFri, 16 Jul 2021
Listing DateMon, 19 Jul 2021
UPI Mandate Deadline2021-07-09
Application & Investment Details
Retail — Min (1 Lots)₹14,229 — 17 shares
Retail — Max (13 Lots)₹184,977 (13 Lots)
HNI — Min (15 Lots)₹2,13,435 — 255 shares
Pre-IPO Promoter Holding9,66,89,010 shares
Post-IPO Promoter Holding9,66,89,010 shares
About G R Infraprojects Ltd.
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 StrengthsExpertise 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.
Objects of the Issue
G R Infraprojects Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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
Shareholding & Lock-in
Pre-IPO Promoter Holding
9,66,89,010 shares
Post-IPO Promoter Holding
9,66,89,010 shares
Lock-in Period (30%)August 13, 2021
Lock-in Period (50%)October 12, 2021