GR Infraprojects IPO Date, Review, Price, Form & Market Lot Details

Vijay Prajapati
June 28, 2021

Vijay Prajapati

GR Infraprojects IPO to hit the market on 07 July 2021 and closes on 09 July 2021. The company to raise ₹963 crores via initial public offer (Offer for sale only).

GR Infraprojects IPO may hit the market on 07 July 2021. The company plans to raise ₹963 crore through the initial public offerings. The face value of equity shares is ₹5. The company filed DRHP on 13 April 2021, got SEBI’s go ahead to float the IPO. The offer for sale comprises of 11,42,400 Eq. shares Lokesh Builders Pvt. Ltd, 127,000 equity. Shares Jasamrit Premises, 80,000 Eq Shares Jasamrit Fashions Pvt Ltd, 56,000 Eq. Shares Jasamrit Creations Pvt. Ltd, 44,000 Eq. Shares Jasamrit Construction Pvt. Ltd. The company was incorporated in 1995. They are integrated road EPC company with experience in design and construction of various road/highway projects across 15 States in India. They are also diversified their business in railway sector as well. They provide EPC services; (ii) development of roads, highways on a BOT basis, including under annuity and HAM; and (iii) manufacturing activities, under which we process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers. Check out GR Infraprojects IPO details.

Important Details:

CRISIL upgraded long term rating to AA/Stable from AA-/Positive. They reaffirmed short term rating as A+ as on 20 October 2020. Till April 2021 company completed 100+ road construction projects. They have 3 manufacturing facilities in Udaipur, Guwahati and Sandila (UP). They also have fabricating and galvanization unit at Ahmedabad, Gujarat. Peer group listed companies are PNC Infra, H.G Infra, KNR Construction, Dilip Buildcon, Ashoka Buildcon. The company offered ₹42 discount for employees quota.

GR Infraprojects IPO Review

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GR Infraprojects IPO Date & Price Band

IPO Open:	07 July 2021
IPO Close:	09 July 2021
IPO Size:	Approx ₹963 Crores
Fresh Issue:	Approx ₹- Crores
Offer for Sale:	Approx ₹963 Crores
Face Value:	₹5 Per Equity Share
Price Band:	₹828 to ₹837 Per Share
Listing on:	BSE & NSE
Retail Portion:	35%
Equity:	1,15,08,704 Shares
Discount:	For Employees ₹42 Per Share

GR Infraprojects IPO Market Lot

The GR Infraprojects IPO minimum market lot is 17 shares with ₹14,229 application amount. The retail investors can apply up-to 14 lots with 238 shares or ₹1,99,206 amount.

Minimum Lot Size:	Minimum 17 Shares
Minimum Amount:	₹14,229
Maximum Lot Size:	Maximum 238 Shares
Maximum Amount:	₹1,99,206

GR Infraprojects IPO Allotment & Listing

The GR Infraprojects IPO date is 07 July 2021 and the close date is 09 July 2021. The allotment date is 14 July 2021 and the IPO to list on 19 July 2021.

Basis of Allotment:	14 July 2021
Refunds:	15 July 2021
Credit to Demat Account:	16 July 2021
Listing Date:	19 July 2021

GR Infraprojects IPO Form

How to apply the GR Infraprojects IPO? You can apply GR Infraprojects IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the GR Infraprojects IPO in the Invest section. The other option you can apply GR Infraprojects IPO via IPO forms download via NSE and BSE. Check out the GR Infraprojects forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

GR Infraprojects Company Financial Report

₹ in Crores
	Revenue	Expenses	PAT
2018	₹3336	₹2825	₹417.70
2019	₹5323	₹4318	₹715.10
2020	₹6421	₹5270	₹797.50
2021	₹7907	₹6582	₹953.60

Company Promoters

Vinod Kumar Agarwal
Ajendra Kumar Agarwal
Purshottam Agarwal
Lokesh Builders Private Limited

About GR Infraprojects

GR Infraprojects is an integrated road 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. Our principal business operations are broadly divided into three categories: (i) civil construction activities, under which we provide EPC services; (ii) development of roads, highways on a BOT basis, including under annuity and HAM; and (iii) manufacturing activities, under which we process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers.

Our Company was incorporated in December 1995 and we have gradually increased our execution capabilities in terms of the size of projects that we have bid for and executed. For example, one of the first road projects that we executed was for the Public Works Department, Rajasthan in 1997 with a Bid Project Cost of ₹ 26.50 million, whereas the project recently awarded by NHAI, i.e. Vadodara Mumbai Expressway project in the state of Maharashtra on HAM basis, to us in 2020 involves a Bid Project Cost of ₹ 27,470.00 million. Our individual Promoters have more than 25 years of experience in the construction industry. Prior to the incorporation of our Company, our individual Promoters were associated with M/s. Gumani Ram Agarwal, a partnership firm engaged in the construction business, which was acquired by our Company in 1996.

Quick Links

DRHP Draft Prospectus
RHP Draft Prospectus

GR Infraprojects IPO Registrar

KFin Technologies Private Limited
Selenium Tower-B, Plot 31 and 32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032
Telangana, India
Telephone: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Investor grievance e-mail: [email protected]
Contact person: M Murali Krishna
SEBI registration number: INR000000221

Note: Check GR Infraprojects IPO allotment status on KFintech website allotment URL. Click Here

GR Infraprojects IPO Lead Managers

HDFC Bank Ltd
ICICI Securities Ltd
Kotak Mahindra Capital Company Ltd
Motilal Oswal Investment Advisors Ltd
SBI Capital Markets Ltd
Equirus Capital Pvt. Ltd

Company Address

GR Infraprojects Limited
Registered Office:
Revenue Block No. 223,
Old Survey No. 384 / 1, 384 / 2,
Paiki and 384 / 3,
Khata No. 464, Kochariya, Ahmedabad,
Gujarat – 382 220, India
Corporate Office:
Novus Tower, Second Floor,
Plot No. 18, Sector 18, Gurugram
Haryana –122015, India
Contact Person: Sudhir Mutha
Company Secretary and Compliance Officer
Telephone: + 91294 248 7370
E-mail:[email protected]
Website:www.grinfra.com
Corporate Identity Number:U45201GJ1995PLC098652

GR Infraprojects IPO FAQs

What is GR Infraprojects IPO?

GR Infraprojects IPO is a main-board IPO. They are going to raise ₹963 Crores via IPO. The issue is priced at ₹ to ₹ per equity share. The IPO to list on BSE & NSE.

When GR Infraprojects IPO will open?

The IPO is to open on 07 July 2021 for QIB, NII, and Retail Investors.

What is GR Infraprojects IPO Investors Portion?

The investors’ portion for QIB 50%, NII 15%, and Retail 35%.

How to Apply the GR Infraprojects IPO?

You can apply GR Infraprojects IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the GR Infraprojects IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “GR Infraprojects”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the GR Infraprojects IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “GR Infraprojects”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

What is GR Infraprojects IPO Size?

GR Infraprojects IPO size is ₹963 crores.

What is GR Infraprojects IPO Price Band?

GR Infraprojects IPO Price Band is ₹828 to ₹837.

What is GR Infraprojects IPO Minimum and Maximum Lot Size?

The minimum bid is 17 Shares with ₹14,229 amount while maximum bid is 238 shares with ₹1,99,206.

What is GR Infraprojects IPO Allotment Date?

GR Infraprojects IPO allotment date is 14 July 2021.

What is GR Infraprojects IPO Listing Date?

GR Infraprojects IPO listing date is 19 July 2021. The IPO to list on BSE and NSE.

Note: The GR Infraprojects IPO details added as it is officially announced. The IPO grey market premium (GR Infraprojects IPO Premium) started. You can check our IPO grey market page for daily updates.)

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