G R Infraprojects Limited (GRIL) is proposing to open its initial public offering of Equity Shares on Wednesday, July 07, 2021, and close on Friday, July 09, 2021.
The price band for the Offer has been determined at Rs828 – Rs837 per Equity Share.
HDFC Bank Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited, Equirus Capital Private Limited are the BRLMs to the Offer.
As on 31st Mar’21, its order book stood at Rs190bn (2.6x of book-to-bill) from across the country (Uttar Pradesh - 23%; Madhya Pradesh - 18%; Maharashtra - 14%; and Gujarat - 13%). Notably, road projects account for 97% of its total order book. Further, its order book comprises of 16 EPC projects, 10 HAM projects and 3 other projects.
Currently, GRIL has 1 operational road project, which has been constructed and developed on a BOT (annuity) model. The company has also 14 road projects (HAM), out of which 5 projects are currently operational, 4 projects are under construction and construction is yet to commence on 5 projects.
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