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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
G R Infraprojects Ltd
Registered Office:
Revenue Block No.223 Paiki and,384/3 Khata No.464 Kochariya,
Ahmedabad - 382220,
Gujarat, India.
Email :  cs@grinfra.com
Website :  www.grinfra.com
Initial Public Offering of 11,508,704 equity shares of face value of (Rs) 5 each ("equity shares") of G R Infraprojects Limited ("the company" or the "issuer") for cash at a price of (Rs) 837 per equity share (including a premium of (Rs) 832 per equity share) ("offer price") aggregating to (Rs) 962.33 Crores (the "offer"). The offer comprises of an offer for sale of 11,508,704 equity shares aggregating to (Rs) 962.33 Crores, comprising 1,142,400 equity shares aggregating to (Rs) 95.53 Crores by Lokesh Builders Private Limited (the "promoter selling shareholder"); 127,000 equity shares aggregating (Rs) 10.62 Crores by Jasamrit Premises Private Limited, 80,000 equity shares aggregating to (Rs) 6.69 Crores by Jasamrit Fashions Private Limited, 56,000 equity shares aggregating to (Rs) 4.68 Crores by Jasamrit Creations Private Limited, and 44,000 equity shares aggregating to (Rs) 3.68 Crores by Jasamrit Construction Private Limited (collectively, the "promoter group selling shareholders"); 6,414,029 equity shares aggregating to (Rs) 536.33 Crores by India Business Excellence Fund I and 3,159,149 equity shares aggregating to (Rs) 264.16 Crores by India Business Excellence Fund (together, the "investor selling shareholders"); and 486,126 equity shares aggregating to (Rs) 40.65 Crores by Pradeep Kumar Agarwal (the "other selling shareholder" and together with the promoter selling shareholder, promoter group selling shareholders, and investor selling shareholders, the "selling shareholders"). The offer includes a reservation of 225,000 equity shares aggregating to (Rs) 17.89 Crores (constituting 0.23% of the post- offer paid-up equity share capital of the company) for subscription by eligible employees (the "employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer constitute 11.90% and 11.67%, respectively (subject to finalization of basis of allotment), of the post-offer paid-up equity share capital of the company. The company and the investor selling shareholders in consultation with the book running lead managers ("BRLMs"), offered a Discount of (Rs) 42 of the offer price to eligible employees bidding in the employee reservation portion ("employee discount"). The face value of equity shares is (Rs) 5 each. Offer Price : (Rs) 837 per equity share of face value of (Rs) 5 each. The Offer Price is 167.40 times of the face value. Anchor Investor Offer Price : (Rs) 837 per equity share.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
07-Jul-21
09-Jul-21
837.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 17     Further Multiples of : 17
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
Equirus Capital Pvt Ltd
Project Financed
962.33
 
Post Issue
48.34
 
Issue Price
837.00
 
Projects
Listing the Shares on the Stock Exchangess
Promoted By
Vinod Kumar Agarwal
Ajendra Kumar Agarwal
Purshottam Agarwal
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Pvt Ltd
DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
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