Read GR Infraprojects IPO Date Share Price, Allotment, Review, Listing Date, GMP & Details and company data and Grey market price in Comments, Article Published in Initial public offering section on e akhabaar
GR Infraprojects incorporated in 1995 is going to offer its shares in the market. The draft red herring prospectus has been filed with Securities and the Board of India. The company going to raise approx Rs 800 crores. The IPO will be open from July 7, 2023, and closes on July 9, 2023. Here are the various interesting and important information about this Initial Public Offer that will include the face value, listing, issue size, allotment and grey market price. So without wasting a moment let’s explore all the points with a brief explanation.
GR Infraprojects IPO Date
The company was incorporated in 1995 and offers construction-related services and products. They are an integrated road EPC company with experience in design and construction of various road/highway projects across 15 States in India. The company offers EPC services like the development of roads, highways on a BOT basis. Manufacturing activities, under which we process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers.
| IPO Open: | 07 July 2023 |
| IPO Close: | 09 July 2023 |
| IPO Size: | Approx ₹800 Crores |
| Fresh Issue: | Approx ₹- Crores |
| Offer for Sale: | Approx ₹800 Crores |
| Face Value: | ₹5 Per Equity Share |
| Price Band: | ₹ to ₹ Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 1,15,08,704 Shares |
GR Infraprojects IPO Review
So far the company has recorded marvelous profit and annual revenue reports. Possibly they will maintain the current growth rate in the future also. The upcoming fund through this IPO will be used for repaying debts and invest in the products to expand the firm also.
There will be 1,15,08,704 shares available from the company in this Initial Public offer. The face value will be Rs 5 per equity share. While the Price Band has not yet confirmed. The ones the price will be confirmed, we will notify you immediately via this article.
GR Infraprojects IPO Listing Date
The market lot is also yet to be revealed officially. However, the minimum subscription will under Rs 15000 as we expecting through our knowledge. Allotment of the shares will take place on July 14 and the Listing date maybe July 19, 2023. These are the confirmed dates announced by the underwriters but anyway we will give you more details about this IPO soon.
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