G R Infraprojects Limited is very actively involved in the construction business. It undertakes construction as well as designing projects which are based on the BOT business model. The company is more active in the field of road construction. In the recent past it completed more than 100 projects of road construction.
The company owns 3 manufacturing plants at Uttar Pradesh, Rajasthan and Assam. It also has a fabrication unit in Gujarat. The company also takes on projects relating to electric poles, metal crash barriers and more. It currently has 4 BOT projects under work in progress mode
IPO DETAILS
The G R Infraprojects Limited IPO is set to get launched on 7th July, 2021. The subscription timeline extends till 9th July, 2021. The size for the IPO is 963.28 Crore Rs. Shares issued through Offer for sale are 963.28 Crore Rs. No Shares are issued through Fresh issue. The minimum lot size is 17 shares and the price is set at 828 Rs. – 837 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 5 and this is a book built issue. The registrar for the company is Karvy Fintech Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 7th July, 2021 |
| IPO CLOSING DATE | 9th July, 2021 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 5 Rs. per share |
| IPO price band | 828 Rs. – 837 Rs. |
| LOT SIZE | 17 shares |
| MINIMUM ORDER QUANTITY | 17 shares |
| ISSUE SIZE | 963.28 Crore Rs. |
| OFFER FOR SALE | 963.28 Crore Rs. |
| FRESH ISSUE | No fresh Issue made |
| LISTING AT | NSE, BSE |
| LISTING DATE | 19th July, 2021 |
IMPORTANT DATES
| IPO OPENING DATE | 7th July, 2021 |
| IPO CLOSING DATE | 9th July, 2021 |
| IPO ALLOTMENT DATE | 14th July, 2021 |
| REFUNDS | 15th July, 2021 |
| DEMAT A/C CREDITED ON | 16th July, 2021 |
| IPO LISTING DATE | 19th July, 2021 |
The G R Infraprojects Limited IPO begins for subscription from 7th July, 2021. The IPO subscription would continue till 9th July, 2021. The allotment status for the shareholders who applied would come on 14th July, 2021. The refunds for the ones who did not get allotment would be initiated on 15th July, 2021. The DEMAT accounts of shareholders would be credited on 16th July, 2021. The listing of the company would be accompanied on 19th July, 2021.
PROMOTER AND LEAD MANAGERS
The promoters for the company are Lokesh Builders Private Limited, Vinod Agarwal, Purushottam Agarwal and Ajendra Kumar Agarwal. The holding on part of the promoter before IPO allotment was 88.04%. The post-IPO promoter holding would equal 86.54%.
The lead managers for the company are :
- HDFC Bank Limited
- Motilal Oswal Investment Advisors Private Limited
- Equirus Capital Private Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
The minimum lot size for the company is decided at 17 shares. This holding accounts to Rs. 14229. The maximum lot size is decided at 238 shares. This amounts to Rs. 199206. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 17 shares | 14229 Rs |
| Maximum | 238 shares | 199206 Rs |
OBJECTIVES FOR THE IPO
- The money from the IPO can also be utilized to meet general corporate purposes.
- The company wants to get benefitted from the listing gains that are available from the public issue. Also it will add up a substantial equity base along with liquidity post the IPO launch which will help it to advance and expand further.
COMPANY FINANCIALS
| Particulars (in Million Rs.) | 2020-21 | 2019-20 | 2018-19 |
| ASSETS | 101160 | 77834 | 58237 |
| REVENUE | 79069 | 64237 | 53255 |
| NET PROFIT | 9532 | 8008 | 7166 |
The company has been constantly progressing in its expansion plans. It has a robust asset base. It has also nearly doubled in the previous two years. The company has been lagging a bit on generation of revenue given its asset base. This can be an outcome of the COVID situation. However the profit rate is also low in comparison to the asset base. It has been able to generate just 10% of profits from the asset investment amount. Hence the company should work on utilizing its resources in optimum amounts.
PROS
- It is actively involved in the road construction business.
- It has a diversified product range with multiple project design and construction projects.
- The financial records for the company are really good.
- The company has a huge asset base.
CONS
- On the basis of the asset base the company should try to earn more profits. The reason is it has more than 1 Lakh crore Rs of asset base and only generates 9500 Crore Rs of profit from it. This is even less than 10% annual return from the investments.
HOW TO APPLY FOR IPO WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section
- Click the G R Infraprojects Limited IPO button and press the BID button
- Entering the details asked for like UPI ID, Quantity and price
- Submit the application form of IPO
- Visiting the application of UPI for approving the transaction
Now, applying for an IPO online is possible with most of the Discount and online brokers.
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