G R Infraprojects Ltd IPO

Last Updated: 03 January 2022 8:09 AM by 5Paisa

The offer is fully comprised of an offer for sale of 11,508,704 shares aggregating up to ₹963.28  
crores at the upper price band. The proceeds would go directly to such selling shareholders. The objective of offer is to provide the company with brand visibility once it’s shares get listed on the exchanges.

G R Infraprojects Limited is an integrated road engineering, procurement and construction (“EPC”) company with experience in design and construction of various roads/highways projects across 15 States in India and having recently diversified into projects in the railway sector. The company was incorporated in December 1995. The company’s principal business operations are broadly divided into three categories:

(i) civil construction activities

(ii) development of roads, highways on a Build Operate Transfer (“BOT”) basis, including under annuity and Hybrid Annuity Model (“HAM”); and

(iii) manufacturing activities, under which they process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers.

The Company has executed over 100 projects since 2006.

G R Infraprojects - Financials