G R Infraprojects is an integrated road EPC firm with experience in the design and construction of a wide range of road and highway projects in 14 Indian states. The business was founded in 1995. They have also expanded their operations in the railway sector.
KNR Constructions, PNC Infratech, HG Infratech, Dilip Buildcon, Ashoka Buildcon, IRB Infrastructure Developers, and Sadbhav Engineering are among GR Infraprojects' stated competitors.
GR Infra IPO
The initial public offering (IPO) of GR Infraprojects will take place on July 7, 2021. Through initial public offerings, the corporation hopes to raise Rs. 800 million. Equity shares have a face value of Rs 5. The company submitted a DRHP on April 13, 2021, and received approval from SEBI to proceed with the IPO.
Lokesh Builders will sell 11,42,400 equity shares
Jasamrit Premises will sell 1.27 lakh equity shares
Jasamrit Fashions will sell 80,000 equity shares
Jasamrit Creations will sell 56,000 equity shares
Jasamrit Construction will sell 44,000 equity shares through an offer for sale.
According to the company's red herring prospectus (RHP), GR Infraprojects' initial public offering contains a reservation of up to 2.25 lakh equity shares for subscription by eligible workers.
GR Infra IPO Details
|IPO Opening Date||Jul 7, 2021|
|IPO Closing Date||Jul 9, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹5 per equity share|
|IPO Price||₹828 to ₹837 per equity share|
|Listing At||BSE, NSE|
|Basis of Allotment Date||Jul 14, 2021|
|IPO Listing Date||Jul 19, 2021|
|Market Lot||17 shares|
CRISIL increased the long-term rating from AA-/Positive to AA/Stable. As of October 20, 2020, they reaffirmed their short-term rating of A+. The company has completed over 100 road construction projects as of April 2021. In Udaipur, Guwahati, and Sandila, they have three production plants (UP).