G R Infraprojects Limited IPO

Manoj Kumar July 3, 2021

G R Infraprojects is an integrated road engineering, procurement, and construction company with experience in designing and construction activities and road/highway projects. It mainly undertakes civil construction projects under the EPC and BOT (Build Operate Transfer) basis within the road sector but also diversified into manufacturing activities of thermoplastic road-making paints, electric poles, road signages, and fabricating metal crash barriers.

Till April 2021, it’s completed 100+ construction projects successfully, and currently, 4 BOT projects are under construction. The company owns 3 manufacturing facilities at Udaipur (Rajasthan), Guwahati (Assam), and Sandila (Uttar Pradesh) and features a fabricating and galvanization unit at Ahmedabad, Gujarat.

IPO Details

IPO Opening Date	July 7, 2021
IPO Closing Date	July 9, 2021
Issue Type	Book Built Issue IPO
Face Value	₹5 per equity share
IPO Price	₹828 to ₹837 per equity share
Market Lot	17 Shares
Min Order Quantity	17 Shares
Listing at	NSE, BSE

Competitive Strengths

· Expertise in road projects i.e. state and national highways, culverts, flyovers, airport runways, tunnels, etc.

· Strong project execution capabilities.

· Robust financial performance track record.

· Experienced promoters and managers team.

Company Promoters

Vinod Kumar Agarwal, Ajendra Kumar Agarwal, Purshottam Agarwal, and Lokesh Builders Private Limited are the company promoters.

Financial of G R Infraprojects Limited IPO:

Particulars (in Cr.)	Mar-21	Mar-20	Mar-19
Sales	7844	6372	5282
Cost of Material Consumed	111	106	113
Civil Construction Costs	5313	4151	3461
Change in Inventories	-4.37	-2.30	0.33
Employee Benefits Expense	457	449	349
Other Expenses	116	82	74
Operating Profit	1849	1586	1283
OPM %	23.58%	24.89%	24.29%
Other Income	62	51	42
Interest	361	294	169
Depreciation	226	188	148
Profit before tax	1,324	1,154	1,007
Total Tax Exps	371	353	291
Net Profit	953	800	716
NPM %	12.15%	12.57%	13.57%
No. of shares	9.67	9.67	9.67
EPS in Rs	98	82	73

IPO Lot Size

The G R Infraprojects IPO market lot size is 17 shares. A retail-individual investor can apply for up to 14 lots (238 shares or ₹199,206).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	17	14,229
Maximum	14	238	199,206

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Manoj Kumar July 3, 2021

Fortune Capital Services Private Ltd. SEBI Registration No. INZ000201438. Member Code for NSE: 14572 BSE:6524 MCX: 16765 and ICEX: 2010. CDSL DP ID: 12080300 SEBI Registration No.IN-DP-CDSL-729-2014. Registered Office: Kochar Technology Park, 6th Floor, SP-31-A, 1st Cross Road, Ambattur Industrial Estate, Ambattur, Chennai – 600 058. For any complaints pertaining to stock broking please write to [email protected] and for DP related to [email protected] Please ensure to read the Risk Disclosure Document carefully as prescribed by SEBI.

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