G R Infraprojects Limited

July 5, 2021

This is to inform you that G R Infraprojects Limited is coming out with a public issue to raise Rs.962.33 crore from the market.

The issue opens on July 7 and closes on July 9, 2021.

Details of the G R Infraprojects Limited IPO

Company Details :
  • G R Infraprojects Limited (“G R Infra” )was incorporated in December 1995. G R Infra is an integrated road engineering, procurement and construction (“EPC”) company with experience in design and construction of various road/highway projects across 15 States in India and having recently diversified into projects in the railway sector.
  • Companies principal business operations are broadly divided into three categories:
    • Civil construction activities, under which they provide EPC services;
    • Development of roads, highways on a Build Operate Transfer (“BOT”) basis, including under annuity and Hybrid Annuity Model (“HAM”); and
    • Manufacturing activities, under which they process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers.
  • Their principal business of civil construction comprises EPC and BOT projects in the road sector. They have, since 2006, executed over 100 road construction projects. They also have experience in constructing state and national highways, bridges, culverts, flyovers, airport runways, tunnels and rail over-bridges.
  • Their in-house integrated model and efficient project execution capabilities have enabled them to execute projects in a timely manner, and in certain cases before the stipulated timelines, while maintaining requisite quality standards.
  • In March 2010, they commissioned a wind energy based power plant at Jaisalmer, Rajasthan with an installed capacity of 1.25 MW under the ‘Policy for Promoting Generation of Electricity through Non-Conventional Energy Sources – 2004’. They had also commenced constructing a group housing project comprising row houses and other residential units at Udaipur, Rajasthan.
Issue Period : Issue opens on: Wednesday, July 7, 2021
Issue closes on: Friday, July 9, 2021
Price Band : Rs.828 to Rs.837 per equity share
Bid Lot : 17 shares and in multiples thereof
Employee Discount : Rs.42/- per equity shares.
Issue Size : Rs.962.33 crore
Employee Reservation : 225000 Equity Shares
Issue break-up : QIB - 50% of the Net offer – Rs.472.22 crore
NIB - 15% of the Net offer - Rs.141.67 crore
RET - 35% of the Net offer - Rs.330.56 crore
Listing : NSE and BSE
Registrar : KFin Technologies Pvt. Ltd.
UPI : All Retail Applications through brokers are compulsorily in UPI Mode

Watch these 4 videos to know how to apply for the G R Infraprojects Limited IPO online easily.

Step 1: Create an UPI ID

Create UPI ID

How to Create UPI ID CTA
Step 2: Apply for IPO online using mobile app or website

Step 3: Authorise UPI mandate to block payment

Authorised UPI ID

Authorised UPI ID CTA

Remember these points while applying for IPOs

  • With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
  • You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
  • Currently, UPI works on the following mobile applications:
    Name of App (Supported Platforms) VPA Handle
    BHIM Baroda Pay (only Android) @BARODAMPAY
    BHIM Oriental Pay (Only Android) @obc
    BHIM RBL Pay (Android & iOS) @rbl
    BHIM (android & iOS) @upi
    BHIM ALLBANK UPI (only Android) @allbank
    BHIM Axis Pay (only android) @axisbank
    BHIM IndusPay (only Android) @indus
    BHIM Lotza UPI (only Android) @federal
    BHIM SBIPay (only android) @sbi
    Citi Mobile (android & iOS) @citi & @citigold
    Google Pay (android & iOS) @okhdfcbank | @okaxis | @oksbi | @okicici
    HSBC Simply Pay (android & iOS) @hsbc
    iMobile by ICICI Bank (android users) @icici
    Kotak Mobile Banking App (Android) @kotak
    Phone-Pe (android & iOS) @ybl
    SIB Mirror+ (only Android) @sib
    BHIM YES PAY (only Android) @yesbank
    DigiBank - DBS (Android & iOS @dbs
    Paytm (Andriod & iOS) @paytm
  • To avoid rejection, download the latest version of the app.
  • Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
  • As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
  • The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
  • If you forget the UPI PIN, simply reset it instead of entering a wrong one.
  • If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
  • There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
Published by Team Internal Communications
This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan.
  Join us on