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GR Infraprojects IPO: The shares are likely to be listed on the BSE and NSE on July 19
GR Infraprojects’ IPO will open for subscription on Wednesday, July 7, 2021. The public issue will be an offer-for-sale (OFS) of up to 1.15 crore shares by promoters and shareholders, and there will not be any fresh issue of shares. The primary market offering will close on July 9, 2021. The shares are likely to be listed on the BSE and NSE on July 19.
India Business Excellence Fund I, India Business Excellence Fund, Lokesh Builders, Pradeep Kumar Agrawal and Jasamrit Premises will be offloading shares in the OFS.
A total of 2.25 lakh shares will be reserved for eligible employees, the company said in its red herring prospectus.
GP Infraprojects is an integrated road engineering, procurement and construction company headquartered in Udaipur. It undertakes road and highway projects across 15 states in the country.
GR Infraprojects’ listed peers include KNR Constructions, PNC Infratech, HG Infra Engineering, Dilip Buildcon, Ashoka Buildcon, IRB Infrastructure Developers and Sadbhav Engineering.
HDFC Bank, ICICI Securities, Kotak Mahindra Capital, Motilal Oswal Investment Advisor, SBI Capital Markets, Enquires Capital are the book lead running managers to the issue. KFin Technologies is the registrar to the issue.
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