G R Infraprojects is an integrated road engineering, procurement, and construction firm with experience in developing and carrying out construction tasks and road/highway projects. It primarily works on EPC and BOT (Build Operate Transfer) civil construction projects in the road sector, but it has also expanded into producing thermoplastic road paints, electric poles, road signs, and metal crash barriers. In this article, we will discuss the GR Infra IPO listing date along with other topics like GR Infra IPO allotment date, Gr Infra IPO share price, Gr Infra IPO GMP and Gr Infra projects.
GR Infra IPO Listing Date, Status, Price
GR Infraprojects Ltd. is an integrated road engineering, procurement, and construction business with expertise in designing and building numerous road/highway projects throughout 15 Indian States. More recently, the company has expanded into projects in the railway industry. Let us learn more about their IPO.
About GR Infra IPO
Up to April 2021, GR Infraprojects Ltd. successfully completed more than 100 road construction projects, and four BOT projects are now being built. The business operates three manufacturing plants in Rajasthan (Udaipur), Assam (Guwahati), and Uttar Pradesh (Sandila), as well as a fabricating and galvanizing facility in Gujarat (Ahmedabad). It is the reason why there is such excitement about this IPO.
Purpose of the IPO
The firm hopes to profit from share listing benefits on the BSE and NSE by becoming public. Additionally, it plans to offer up to 11,508,704 shares for sale.
The company anticipates benefits from the listing of the equity shares on the stock exchanges, improvement of its brand name, and establishment of a public market for its equity shares in India, in addition to the aforementioned goals.
Strengths of the company
Here are some reasons that make this IPO attractive:
- The company has a history of success in road projects, including culverts, flyovers, tunnels, airport runways, and state and federal roadways.
- Strong project execution skills have been demonstrated.
- Its track record of financial performance is strong.
- A capable group of managers and promoters work for the firm.
Risks to consider
It is only fair that we inform you about the potential risks involved in this IPO. They are as follows:
- Uncertainty is brought on by the COVID-19 pandemic’s ongoing effects.
- Business might be affected if it is unable to adhere to the requirements, obligations, and constraints set by their financing arrangements.
- Due to the industry’s significant reliance on income, the lack of new contracts or the termination of existing contracts will have an effect on companies.
- Business requires a lot of cash. Operations will be impacted by insufficient financial flows.
- The company, its directors, and its promoters are the subject of ongoing legal procedures.
- Cost overruns or the cancellation of concessions and other EPC agreements might result from delays in finishing the construction of ongoing and upcoming projects.
- Increased costs for gasoline, labour, building supplies, and equipment might hurt the company’s bottom line.
GR Infra IPO Listing Date
Here is all the information about GR Infra IPO Listing Date.
| Listing Date | Monday, July 19, 2021. |
| BSE Script Code | 543317 |
| NSE Symbol | G. RINFRA |
| IPO Price | Rs. 837 per share. |
| Face Value | Rs. 5 per share. |
GR Infra IPO Allotment Date
Now that you have known about GR Infra IPO Listing Date, let’s look at other features like GR Infra IPO allotment date, Gr Infra IPO share price, Gr Infra IPO GMP, etc.
| IPO Open | Jul 7, 2021 |
| IPO Close | Jul 9, 2021 |
| IPO Price | Rs. 837 |
| Face Value | Rs. 5 |
| IPO Size | Rs. 963.28 Cr |
| Listing At | BSE, NSE |
| Lot Size | 17 |
G.R. Infraprojects IPO Schedule
Here is the fully detailed schedule of G.R. Infraprojects IPO.
| Bid/Offer Opens On | Jul 7, 2021 |
| Bid/Offer Closes On | Jul 9, 2021 |
| Finalization of Basis of Allotment | Jul 14, 2021 |
| Initiation of refunds | Jul 15, 2021 |
| Credit of Equity Shares | Jul 16, 2021 |
The financial performance of GR Infra
With the top-line increasing from INR 3335.6 crores in FY2018 to INR 7,906.9 crores in the most recent financial year, GR Infraprojects’ revenue growth is clearly exceptional. This results in a CAGR of 24 percent. Additionally, from FY2019 to FY2021, operating profit margins are very consistent at around 24%, and net profit margins are consistent at around 13% to 14%. From FY2018 to FY2021, the company’s earnings after tax climbed from INR 417.7 billion to INR 953.6 billion.
The firm is a well-known participant in the road building industry, and it has a solid reputation for finishing projects ahead of schedule. The business finished a state HAM project in fiscal 2019, 13 months earlier than expected, earning an early completion incentive in October 2020.
GR Infra IPO Share Price
When the IPO was launched the band was Rs.828 to Rs.837 per share. Currently, Gr infra project share price is Rs. 1336.85.
GR Infra IPO GMP
Here is the GR Infra IPO GMP details for you to check out.
| Date | GR Infra, IPO GMP | Kostak | Subject to Sauda |
| 14 July 2021 | INR470 | INR570 | – |
| 13 July 2021 | INR450 | INR520 | _ |
| 12 July 2021 | INR440 | INR570 | INR5,000 |
| 10, July 2021. | INR400 | INR530 | INR4,800 |
| 9 July 2021 | INR400 | INR530 | INR4,800 |
| 8 July 2021 | INR400 | INR500 | INR4,500 |
| 7 July 2021 | INR420 | INR500 | INR4,500 |
| 6 July 2021 | INR400 | INR450 | INR4,200 |
| 5 July 2021 | INR380 | INR450 | INR4,200 |
| 3 July 2021 | INR380 | INR450 | INR4,200 |
| 2 July 2021 | INR340 | INR400 | INR3,800 |
Gr Infra Projects
Gr Infra works mainly on two projects:
- Highways and bridges
- Railways and metro
They use BOT and HAM modes. It has a single road project that is in operation and was built and developed using a BOT concept. In addition, the business has been granted 14 road projects under HAM, of which five are already functioning, four are under construction, and five are still waiting for construction to start.
In addition to Uttar Pradesh, Madhya Pradesh, Maharashtra, Gujarat, Chhattisgarh, Rajasthan, Andhra Pradesh, Bihar, Manipur, Odisha, and Himachal Pradesh, the company’s order book predominantly consists of EPC and HAM projects in the road sector. As of March 31, 2021, the company’s order book was INR 19,025.8 crores.
Along with undertaking optical fiber projects in the states of Bihar, Odisha, West Bengal, the Andaman and Nicobar Islands, Jharkhand, and Sikkim. There are railway projects in the states of Andhra Pradesh and Madhya Pradesh.
Also Read: Rainbow IPO Subscription Status
Should you buy GR Infraprojects’ IPO stock?
Civil construction projects are the focus of GR Infraprojects Limited. The previous three years have seen the company’s sales expand significantly. In the previous three years, companies have produced healthy margins. It has a healthy backlog of orders, which provides great revenue visibility going forward. The IPO share price for GR Infraprojects is fair.
GR Infraprojects Limited continues to have strong financial standing with respectable revenue and profit growth. Although the management is concerned about the pattern of diminishing margin and shareholder return, they are still optimistic that an improved mix of HAM projects will eventually work in their favour.
We hope this article has given you detailed information about GR Infra IPO Listing Date, Gr Infra IPO allotment date, Gr Infra IPO share price, Gr Infra IPO GMP, and Gr Infra projects.
