G R Infraprojects Ltd IPO

Current

IPO Synopsis

The offer is fully comprised of an offer for sale of 11,508,704 shares aggregating up to ₹963.28  
crores at the upper price band. The proceeds would go directly to such selling shareholders. The objective of offer is to provide the company with brand visibility once it’s shares get listed on the exchanges.

About G R Infraprojects Ltd

G R Infraprojects Limited is an integrated road engineering, procurement and construction (“EPC”) company with experience in design and construction of various roads/highways projects across 15 States in India and having recently diversified into projects in the railway sector. The company was incorporated in December 1995. The company’s principal business operations are broadly divided into three categories:

(i) civil construction activities

(ii) development of roads, highways on a Build Operate Transfer (“BOT”) basis, including under annuity and Hybrid Annuity Model (“HAM”); and

(iii) manufacturing activities, under which they process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers.

The Company has executed over 100 projects since 2006.

Key Points

Competitive Strengths:

Focus on EPC projects with a Pan-India presence
G R Infraprojects Limited is focused on EPC projects which executes a range of construction projects involv-ing varying degrees of complexity. The company’s focused approach would enable them to benefit from future market opportunities and expand into new markets. This combined with the company’s technical experience and pricing, will be critical in competing in the industry.

G R Infraprojects Limited’s Order Book primarily comprised of EPC and HAM projects in the road sec-tor across the states of Uttar Pradesh, Madhya Pradesh, Maharashtra, Gujarat, Chhattisgarh, Rajasthan, Andhra Pradesh, Bihar, Manipur, Odisha and Himachal Pradesh. In addition to these, they also have railway projects in Andhra Pradesh and Madhya Pradesh and an optical fibre project spread across the states of Bihar, Odisha, West Bengal, Andaman and Nicobar Islands, Jharkhand and Sikkim. This shows the pan-India presence that the company has.

Established track record of timely execution 
G R Infraprojects Limited has more than 25 years of experience in the business which enables them in efficient project management and execution of projects with the help of trained and skilled     manpower, efficient deployment of equipment and an in-house integrated model. In the last three years, all the projects were completed within the scheduled time. In addition, in Fiscals 2021, 2020, and 2019, of the total projects completed by the company, 50.00%, 50.00% and 80.00% of such projects were completed before the scheduled completion date, respectively. Timely completion of the projects also enables them to get a bonus.

Risks:

  • Continued effect of Covid-19 pandemic on the company’s business and operations is highly uncertain and cannot be predicted.
  • Failure to obtain new contracts would materially affect the company’s business.
  • Business is dependent on road projects awarded by the GoI or the State Governments and any adverse change in their policies may lead to contracts getting terminated, renegotiated or foreclosed. This would have a material impact on the company’s business

How to Apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

    Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

    Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

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Frequently Asked Questions

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

 

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

  1. Qualified institutional investors (QIIs)
  2. Anchor investors
  3. Retail investors and
  4. High net-worth individuals (HNIs)/Non-institutional investors (NII).

 

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

Check: IPO Application Process

For details about the new IPO application process, click here.

To apply in an IPO with 5paisa:

  • Login to the 5paisa website or mobile trading app
  • Go to the Current IPOs section
  • Select the IPO you wish to apply for
  • Enter IPO details like price, quantity (lots) and your UPI ID
  • Check details and Confirm
  • Approve the UPI notification received on your phone (in BHIM App or your net banking app)

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.

Contact Details of G R Infraprojects Ltd IPO

Contact Information

Address

G R Infraprojects Limited
Revenue Block No. 223, Old Survey No.384 /1, 384/2
Paiki and 384 / 3, Khata No. 464, Kochariya,
Ahmedabad, Gujarat - 382220

Phone: +91 294 248 7370
Email: cs@grinfra.com
Website: https://www.grinfra.com/

G R Infraprojects Ltd IPO Lead Manager

KFintech Private Limited

KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: gril.ipo@kfintech.com
Website: https://karisma.kfintech.com/

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