GR Infraprojects IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

GR Infraprojects IPO is going to launch and you can apply to GR Infraprojects IPO  from 7th July to 9th July 2021. GR Infraprojects aims to raise ₹963.28 Crores through an IPO consisting of a complete OFS (Offer For Sale) of ₹963.28 crores by existing shareholders and promoters.

In OFS, Jasmrit Premises Pvt. Ltd.(1.27 lakh shares), Jasmrit Fashions Pvt. Ltd.(80k shares), Jasmrit Creations Pvt. Ltd.(56k shares), Jasmrit Constructions Pvt. Ltd.(44k shares), Lokesh Builders Pvt. Ltd.(11.42 lakh shares), India Business Excellence Fund(95.7 lakh shares), and Pradeep Kumar Agrawal(4.86 lakh shares) are going to sell their stakes. Many IPOs are going to launch this year check here the list

GR Infrastructure is an integrated road engineering procurement and construction company with immense experience designing and constructing highway/road projects. They are also expanding their business in railway sectors. GR infrastructure has diversified its business operations in three ways – 

  • EPC (Engineering Procurement and Construction) services.
  • Designing and construction of highway/road projects under annuity and HAM.
  • Manufacturing activities like thermoplastic road marking paint, bitumen, road signage, electric poles, and fabricating and galvanizing metal crash barriers. 

GR Infraprojects IPO Dates & Price Band:

Open date7th July 2021
Close date9th July 2021
Total Size of IPO₹963.28 Cr.
Fresh Issue 0 Cr.
Offer for Sale₹963.28 Cr.
Price Band₹828 – ₹837
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

GR Infraprojects IPO Market Lot:

The minimum market lot of GR Infraprojects IPO is 17 shares with 14,229 applications. Retail investors can apply for 13 lots with 238 shares application worth 1,99,206.

ApplicationLotSharesCut Off Amount
Minimum (RII)11714,229
Maximum (NII)132381,99,206

Objectives of Issue – 

  • To achieve the benefit of listing on NSE & BSE.
  • To make OFS and give exit to some existing shareholders.

Should you subscribe to GR Infraprojects IPO?

Strength – 

  • GRIL is a well-known EPC company for the development of road/highway projects.
  • The complete integrated model is developed in-house which benefits the delivery of the projects on time. 
  • CRISIL has upgraded its rating from AA-/positive to AA/stable.
  • From 2018, GR Infra has shown tremendous growth in revenue as well as profit after tax.

Risks – 

  • Due to covid, there is a negative impact on the delivery of the projects and transactions which were scheduled as per timetable.
  • Government decisions to control pandemics have brought certain impacts to the business of GR Infra. 

Final Verdict – 

By seeing the continuous year on year growth of GR Infra PAT it gives immense trust for investors to bet on them. Also in Budget 2021, the Finance minister has allocated 34% more than last year in infrastructure development. It will mainly focus on roads, railways, highways, and urban infrastructure which will benefit the revenues of GR Infraprojects.

Investors can invest for the long term in the GR infrastructures IPO. It’s early to predict but GR infra IPO can give great listing gains by seeing its grey market premium. You can keep a track of GR Infraprojects IPO GMP here. 

GR Infraprojects IPO Allotment & Listing Dates:

GR Infraprojects IPO open date is 7th July and the closing date is 9th July. Allotment of shares will be done on 14th July and the listing date on NSE & BSE is19th July 2021.

Allotment Date for GR Infraprojects- 14th June 2021
Refund Date for GR Infraprojects – 15th July 2021
Credit of Shares to Demat Account – 16th July 2021
Listing Date for GR Infraprojects – 19th July 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of GR Infraprojects IPO:

The financials of GR Infraprojects is very attractive. From 2019 the revenue numbers are increasing constantly. Net income after paying tax looks good. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
20195323.114318.4715.7
20206421.535270.12797.5
2021 (9M)7907.46582953.5

About GR Infraprojects –

The company incorporated in 1995 and got its first road projects for the Public Works Department in Rajasthan with a bid project cost of ₹ 26.50 million. Recently NHAI awarded a project i.e. Vadodara Mumbai Expressway project was planned and executed by GR Infraprojects with a bid cost of ₹ 27,470 million. Promoters having experience of 25 years are excelling in the growth of GRIL in an excellent manner. 

As they are focused on in-house integrations for the completion of EPC projects on time they have a team of engineers and special units at Udaipur, Rajasthan, Guwahati, Assam, and Sandila. At the Uttar Pradesh plant, they produce bitumen, thermoplastic for road marking paint, road signage, electric poles, and fabricating and galvanizing metal crash barriers. 

Services – 

Flyovers, Highways, Roads, BOT ventures, airfield developments, irrigation, Geometrical up-gradation, and so on are the services that GR Infra provides under the EPC segment. 

GR Infraprojects has diversified their business operations in three ways – 

  • EPC (Engineering Procurement and Construction) services.
  • Designing and construction of highway/road projects under annuity and HAM.
  • Manufacturing activities like thermoplastic road marking paint, bitumen, road signage, electric poles, and fabricating and galvanizing metal crash barriers. 

Peer Competitors

Sr.No.Company NamePE 
1Dilip Buildcon Limited19.90
2Ashoka Buildcon Limited17.10
3PNC Infratech Limited11.98
4HG Infra Engineering Limited11.54
5KNR Constructions Limited11.15
6IRB Infrastructure Developers Limited5.56

IPO Registrar Details –

KFintech Private Limited
Phone: 1-800-3454001
Email: [email protected]
Website: https://karisma.kfintech.com/

GR Infraprojects Contact Details –

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

GR Infraprojects IPO FAQ –


When will GR Infraprojects IPO open for Investors?

GR Infraprojects IPO will open on 7th July 2021 and will close on 9th July 2021.

What is GR Infraprojects IPO Retail Portion?

The portion allocated for retail investors in GR Infraprojects IPO is 35%

How to apply for GR Infraprojects IPO?

You can apply GR Infraprojects IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in GR Infraprojects IPO?

By seeing the continuous year on year growth of GR Infra PAT it gives immense trust for investors to bet on them. Also in Budget 2021, the Finance minister has allocated 34% more than last year in infrastructure development. It will mainly focus on roads, railways, highways, and urban infrastructure which will benefit the revenues of GR Infraprojects.

What is the allotment date for GR Infraprojects shares?

14th July 2021 is the allotment date for GR Infraprojects shares.

What is the listing date for GR Infraprojects IPO?

19th July 2021 is the listing date for GR Infraprojects. It will be listed on NSE and BSE.

What is the cutoff price for GR Infraprojects IPO?

The cutoff price for GR Infraprojects IPO is ₹837 per share.

Will GR Infraprojects IPO give listing gains?

Investors can invest for the long term in the GR Infraprojects IPO. It’s early to predict but GR Infraprojects IPO can give great listing gains by seeing its grey market premium. You can keep a track of GR Infraprojects IPO GMP here. 


Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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