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

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

₹ 1268.6

Current Return

51.57%

News

GR Infraprojects’ arm executes concession agreement with Shri Mata Vaishno Devi Shrine Board21 Feb, 11:45AM GR Infraprojects to sell entire investment in seven wholly owned subsidiaries 21 Feb, 10:10AM G R Infraprojects informs about transcript of conference call 17 Feb, 3:11PM GR Infraprojects enters into share purchase agreement with RECPDCL14 Feb, 5:59PM GR Infraprojects reports 25% fall in Q3 consolidated net profit13 Feb, 2:28PM GR Infraprojects - Quaterly Results12 Feb, 7:10PM GR Infraprojects - Quaterly Results12 Feb, 7:10PM GR Infraprojects’ arm executes concession agreement with NHAI17 Jan, 11:41AM GR Infraprojects gets LoI from REC Power Development and Consultancy1 Jan, 6:15PM G R Infraprojects informs about audio recording of conference call10 Nov, 4:26PM G R Infraprojects informs about press release10 Nov, 2:30PM G R Infraprojects emerges as L-1 bidder for ropeway project in J&K10 Nov, 11:08AM GR Infraprojects - Quaterly Results9 Nov, 8:41PM GR Infraprojects - Quaterly Results9 Nov, 8:41PM G R Infraprojects’ arm executes concession agreement with NHAI for road project in Uttar Pradesh2 Nov, 2:44PM G R Infraprojects inks pact with Aadharshila Infratech to transfer 21% stake of subsidiary1 Nov, 3:51PM G R Infraprojects’ JV executes contract agreement with NHPC9 Oct, 6:32PM GR Infraprojects’ arm execute concession agreement with Ministry of Road Transport and Highways20 Sep, 2:50PM GR Infraprojects’ subsidiaries execute concession agreement with NHAI30 Aug, 11:42AM GR Infraprojects emerges as L-1 bidder for two projects in Uttarakhand 14 Aug, 3:12PM

Company Financials

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

Subscription Details

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

Allotment Details

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 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 4950.18 6027.76 7244.46 7919.18 8147.59
Total Expenditure 3942.41 4786.16 5934.08 6638.12 6842.7
Operating Profit 1007.77 1241.6 1310.38 1281.05 1304.89
Other Income 67.37 93.76 127.49 135.32 193.77
Interest 106.03 145.56 139.58 129.78 106.89
Depreciation 138.07 186.81 226.84 281.63 245.65
Exceptional Items 0 0 0 -3.08 0
Profit Before Tax 831.04 1002.99 1071.45 1001.88 1146.12
Provision for Tax 235.33 314.22 290.84 241.06 294.35
Net Profit 595.71 688.77 780.61 760.82 851.77
Adjusted EPS (Rs.) 6.14 7.1 8.07 7.87 8.81

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 48.48 48.48 48.34 48.34 48.34
Total Reserves 2091.94 2778.52 3556.08 4315.21 5166.82
Borrowings 588.85 672.52 607.71 621.62 649.66
Other N/C liabilities -68.51 90.73 87.57 87.84 77.71
Current liabilities 1754.78 1600.31 2058.04 1640.35 1813.84
Total Liabilities 4415.55 5190.56 6357.75 6713.36 7756.37
Assets
Net Block 902.5 1032.17 1345.15 1484.63 1438.5
Capital WIP 43.29 27.97 55.48 59.37 71.92
Intangible WIP 0 0 0 0 0
Investments 256.88 254.28 245.61 305.5 85.71
Loans & Advances 511.15 716.55 1076.15 1094 965.64
Other N/C Assets 19.8 27.49 23.76 19.55 961.14
Current Assets 2681.94 3132.09 3611.61 3750.31 4233.46
Total Assets 4415.55 5190.56 6357.75 6713.36 7756.37
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 42.13 54.92 51.11 61.4 57.78
Profit Before Tax 232.92 258.86 278.97 165.62 208.61
Tax 58.78 66.66 70.97 42.35 53.22
Profit After Tax 174.14 192.21 207.99 123.27 155.39
Adjusted EPS (Rs) 18.01 19.88 21.51 12.75 16.07

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 79.74 0
Sep 2023 79.74 0
Jun 2023 79.74 0
Mar 2023 79.74 0
Dec 2022 79.74 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 831.04 1002.99 1071.45 1001.88 1146.12
Adjustment 187.39 302.65 254.32 320.71 247.75
Changes in Assets & Liabilities -180.89 -299.29 -637 -496.95 -335.87
Tax Paid -185.91 -175.16 -268.89 -265.06 -293.63
Operating Cash Flow 651.64 831.19 419.88 560.58 764.36
Investing Cash Flow -905.95 -319.31 -925.22 -237.28 -645.52
Financing Cash Flow 273.12 -44.99 159.23 -380.68 -126.44
Net Cash Flow 18.81 466.89 -346.1 -57.38 -7.6
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