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G R Infraprojects Limited is coming out with a fresh public issue to raise Rs 962.33 crores from the market.

Key details of the issue:

• Issue opens – July 7 (Wednesday)
• Issue closes – July 9 (Friday)
• Issue size – Rs 962.33 crores
• Price band – Rs 828 to 837 per equity share
• Bid lot – 17 shares and in multiples thereof
• Employee reservation – 2,25,000 equity shares
• Employee discount – Rs 42 per equity share

And here are some details of the company and further details on the G R Infraprojects Limited issue.

Company details:

G R Infraprojects Limited was incorporated in Dec 1995. G R Infra is an integrated road engineering, procurement and construction (EPC) company with experience in design and construction of various road/highway projects across 15 states in India and has recently diversified into projects in the Railway sector.

The company's principal business operations are broadly divided into three categories:

• Civil construction activities, under which it provides EPC services
• Development of roads and highways on a Build Operate Transfer (BOT) basis, including under Annuity and Hybrid Annuity Model (HAM)
• Manufacturing activities, under which it processes bitumen; manufactures thermoplastic road-marking paint, electric poles and road signage; and fabricates and galvanizes metal crash barriers.

Its principal business of Civil Construction comprises EPC and BOT projects in the Road sector. It has, since 2006, executed over 100 road construction projects. It also has experience in constructing state and national highways, bridges, culverts, flyovers, airport runways, tunnels and rail over-bridges.

Its in-house integrated model and efficient project execution capabilities has enabled it to execute projects in a timely manner, and in certain cases before the stipulated timelines, while maintaining requisite quality standards.

In March 2010, it commissioned a wind-energy-based power plant at Jaisalmer, Rajasthan, with an installed capacity of 1.25 MW under the Policy for Promoting Generation of Electricity through Non-Conventional Energy Sources – 2004. It had also commenced the construction of a group housing project comprising row houses and other residential units in Udaipur, Rajasthan.

Issue size:

Rs 962.33 crores

Employee reservation:

2,25,000 equity shares

Employee discount:

Rs 42 per equity share

Issue break-up:

• QIB – 50% of the Net offer – Rs 472.22 crores
• NIB – 15% of the Net offer – Rs 141.67 crores
• RET – 35% of the Net offer – Rs 330.56 crores

Listing:

NSE and BSE

Registrar:

KFin Technologies Pvt. Ltd.

UPI:

All retail applications through brokers are compulsorily in UPI mode

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