Gr Infraprojects is a road construction company founded in the year 1995. With its expertise in designing and construction activities, the EPC company is growing rapidly. Since 2006, the company has completed more than 100 projects related to road construction. Furthermore, the company is all set to enter into a railway sector. The IPO of GR Infraprojects Ltd. is opening today i.e. 07th July 2021 and closing on 09th July 2021 with a price bracket of 828-837 per equity share.
Presently, there are 4 ongoing BOT projects which are under construction. Moreover, there are 3 cities where the company has its manufacturing facilities i.e. Udaipur, Sandila, and Guwahati. Furthermore, the company has its formulating and electrifying unit in Ahmedabad.
Promoters of the Company
Vinod Kumar Agarwal, Ajendra Kumar Agarwal, Purshottam Agarwal, and Lokesh Builders Pvt. Ltd. are the promoters of the company.
Issuance of Shares
Issue size: Rs.952.92- 963.28 crore
Face value: Rs.5
Listing of Shares: Both BSE and NSE
The Objective of the Issuance of Shares
- To make an offer for sale of equity shares.
- To attain the share listing profits on the BSE and NSE
IPO Share Price
The price band for the issue is fixed by the company at Rs. 828-837 per equity share.
IPO Opening and Closing date
The GR Infraprojects Ltd. IPO is likely to open for subscription on 07th July 2021 and will close on 09th July 2021.
Lot size and Minimum number of shares
Each lot size includes a total of 17 shares. Therefore, an investor should subscribe for a minimum count of 17 shares only.
Allotment of Shares
The allotment of shares will be done on 14th July 2021 and the shares allotted will get transfer to your Demat account by 16th July 2021.
IPO listing date
The IPO listing date of GR Infraprojects Ltd. is yet to announce. Moreover, the expected date may be 19th July 2021.
Trendy Analysis
GR Infraprojects Ltd. has a strong balance sheet that qualifies it to achieve future chances for growth and development. Furthermore, the company has a good track record of completion of projects within the desired time thereby making the company fairly valuable for a subscription. The trendy analysis would recommend a positive rating for a subscription. For long-term investments, a good opportunity to mint money.