G R Infraprojects IPO Opens Today : GMP, Share Price, Dates, and more

The upcoming IPO of July 2021 is here. It is the G R Infraprojects Limited IPO. This IPO has no fresh issue so will be having only offer-for-sale. There are 1.15 crore shares up for grabs out of which 2.25 lakh shares are reserved for company employees at a discount of Rs 42 per share. The company plans to raise Rs 963 crores via this initial public offering. Now, let's get to know its GMP Today, Share Price, Dates, Company Profile, Financials, and more.

G R Infraprojects Limited is an integrated road EPC company. It is into the design and construction of various road and highway projects. It operates across 14 states in India. Moreover, it has 1 operational road project on a Build Operate Transfer (BOT) basis and 7 road projects under the Hybrid Annuity Model (HAM). Besides, it has done around 100 road projects as of April’21. It’s Upcoming IPO 2021 is highly anticipated.

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In a nutshell, this company does the following work:

• Civil Construction.
• Development of Roads and Highways.
• Manufacturing bitumen, thermoplastic road-marking paint, metal crash barriers, and road signage.

The financials of G R Infraprojects Limited are as shown in the table below. Make a note that the values here are rounded off.

As you can see, the company has had a stable growth in terms of assets, revenue, and profit so the financials are strong.

The GR Infra IPO will be available for subscription for 3 days as it is the Upcoming IPO July 2021. Check out all the important dates below.

The share price of G R Infraprojects Limited IPO is fixed at Rs 828-837 per equity share. Its face value is Rs 5 per equity share which makes its issue size Rs 963 crores. Therefore, the offer-for-sale is also Rs 963 crores.

Check the G R Infraprojects Limited IPO GMP Today below. This grey market premium is as of

7th July 2021, 8:47 am. Stay tuned for regular updates.

The lot size of G R Infra IPO is 17 shares so you need to make a minimum investment of Rs 14,229 to become a shareholder in this company. You can bid for shares in multiples of 17 upto 14 lots i.e. 238 shares. Thus, you can invest a maximum of Rs 1,99,206.

GR Infraprojects Ltd IPO’s grey market premium, financials, and company profile are strong. Moreover, it is an entire offer-for-sale issue. Therefore, if its anchor investors are good then this IPO can give you great long-term returns. Taking its current status into consideration, we would recommend subscribing to this IPO for listing gains.

What are your thoughts on GR Infra Limited IPO? Do share with us in the comments below.

Disclaimer : We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestion. Consult your financial advisor before making any decision.