GR Infraprojects Ltd. IPO

It is a road engineering, procurement & construction (EPC) business with experience in designing & executing major road & highway projects in India.

RHP
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DRHP
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Open Date

2021-07-07

Close Date

2021-07-09

GR Infraprojects Ltd. IPO Details

Check out the issue details for GR Infraprojects Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 837

Price Band

₹ 828 - 837

Issue Size

963.28 Cr.

Issue Type

Book Built

Open

2021-07-07

Close

2021-07-09

Listingprice

₹ 1715.85

ListingGain

105.00%

Listing Date

2021-07-19

CMP

₹ 1447.75

Current Return

72.97%

GR Infraprojects Ltd. News

GR Infraprojects gets LoI from PFC Consulting for Karnataka project13 Dec, 10:11AM G R Infraprojects emerges as L-1 bidder in BSNL’s Bharat Net Ph-3 Project9 Nov, 2:44PM GR Infraprojects gets nod to acquire 100% stake in Bijapur REZ Transmission8 Nov, 12:30PM GR Infraprojects - Quaterly Results7 Nov, 7:34PM GR Infraprojects - Quaterly Results7 Nov, 7:34PM GR Infraprojects executes EPC agreement with MPRRL, MSRDC31 Oct, 4:20PM GR Infraprojects receives LoA worth Rs 1885.63 crore 16 Oct, 11:44AM GR Infraprojects receives LoA from Maharashtra Metro Rail Corporation 10 Oct, 9:50AM GR Infraprojects emerges as lowest bidder for project in Maharashtra23 Sep, 4:21PM G R Infraprojects transfers subsidiary to Bharat Highways InvIT18 Sep, 11:19AM G R Infraprojects enters into Share Purchase Agreement with Bharat Highways InvIT 14 Sep, 11:44AM G R Infraprojects inks pact to acquire Tumkur-II REZ Power Transmission3 Sep, 5:38PM GR Infraprojects gets LoI from REC Power Development and Consultancy12 Aug, 5:20PM G R Infraprojects’ arm gets completion certificate for Uttar Pradesh project12 Aug, 10:22AM G R Infraprojects submits intimation of issue of completion certificate8 Aug, 4:57PM G R Infraprojects emerges as L-1 bidder for transmission project in Karnataka7 Aug, 12:20PM GR Infraprojects - Quaterly Results1 Aug, 6:49PM GR Infraprojects - Quaterly Results1 Aug, 6:49PM GR Infraprojects - Quaterly Results1 Aug, 6:49PM GR Infraprojects gets completion certificate for Rajasthan project20 Jun, 4:48PM

Company Financials

You can get the following financial statements of GR Infraprojects Ltd. as of now.

The valuation of GR Infraprojects IPO company based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 837
Total Shares 9.67 Cr
Market Cap 8094 Cr
EPS (TTM) Rs 80.73 
PE Ratio 10x
Industry PE 17x

 

GR Infraprojects IPO issue size is 963.28 Cr. 

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 963.28 Cr

 

An Individual can apply for a minimum 1 lot of 16 shares and a maximum of 13 lots of 208 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 16 Rs 14,400
 Maximum 13 208 Rs 1,87,200

 

GR Infraprojects IPO is subscribed 102.58 times till 9th July. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription 
Qualified Institutional Maximum 50% 163.58 Times
Non-Institutional Minimum 15% 238.04 Times
Retail Individual Minimum 35% 12.57 Times
Employee 2.25 Lakh Shares 1.37 Times
Total 100% 102.58 Times

Once you have subscribed to an IPO, you have to wait for its allotment to your account. Find below the dates of allotment of GR Infraprojects IPO:

Schedule Date
Basis of Allotment 14 July 2021
Refunds 15 July 2021
Credit to Demat Account 16 July 2021
IPO Listing Date 19 July 2021

 

When the allotment is out, you can check it from the registrar's website. Find the GR Infraprojects IPO allotment status here.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 6027.76 7244.46 7919.18 8147.59 7787.96
Total Expenditure 4786.16 5934.08 6638.12 6842.7 6668.51
Operating Profit 1241.6 1310.38 1281.05 1304.89 1119.45
Other Income 93.76 127.49 135.32 193.77 244.59
Interest 145.56 139.58 129.78 106.89 107.11
Depreciation 186.81 226.84 281.63 245.65 244.23
Exceptional Items 0 0 -3.08 0 1380.27
Profit Before Tax 1002.99 1071.45 1001.88 1146.12 2392.97
Provision for Tax 314.22 290.84 241.06 294.35 415.54
Net Profit 688.77 780.61 760.82 851.77 1977.43
Adjusted EPS (Rs.) 7.1 8.07 7.87 8.81 20.45

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 48.48 48.34 48.34 48.34 48.34
Total Reserves 2778.52 3556.08 4315.21 5166.82 7147.38
Borrowings 672.52 607.71 621.62 649.66 352.46
Other N/C liabilities 90.73 87.57 87.84 77.71 207.24
Current liabilities 1600.31 2058.04 1640.35 1788.71 1639.08
Total Liabilities 5190.56 6357.75 6713.36 7731.24 9394.51
Assets
Net Block 1032.17 1345.15 1484.63 1438.5 1309.23
Capital WIP 27.97 55.48 59.37 71.92 74.32
Intangible WIP 0 0 0 0 0
Investments 254.28 245.61 305.5 85.71 2587.07
Loans & Advances 716.55 1076.15 1094 965.64 1245.58
Other N/C Assets 27.49 23.76 19.55 960.38 5.41
Current Assets 3132.09 3611.61 3750.31 4209.08 4172.9
Total Assets 5190.56 6357.75 6713.36 7731.24 9394.51
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 61.4 57.78 55 108.14 131.08
Profit Before Tax 165.62 208.61 1739.78 214.04 199.28
Tax 42.35 53.22 249 62.08 84.46
Profit After Tax 123.27 155.39 1490.78 151.96 114.82
Adjusted EPS (Rs) 12.75 16.07 154.18 15.72 11.87

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 74.71 0
Jun 2024 74.74 0
Mar 2024 74.74 0
Dec 2023 79.74 0
Sep 2023 79.74 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 1002.99 1071.45 1001.88 1146.12 2392.97
Adjustment 302.65 254.32 320.71 247.75 -1174.77
Changes in Assets & Liabilities -299.29 -637 -496.95 -335.87 -90.72
Tax Paid -175.16 -268.89 -265.06 -293.63 -279.97
Operating Cash Flow 831.19 419.88 560.58 764.36 847.52
Investing Cash Flow -319.31 -925.22 -237.28 -645.52 -264.79
Financing Cash Flow -44.99 159.23 -380.68 -126.44 -424.31
Net Cash Flow 466.89 -346.1 -57.38 -7.6 158.41
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