GR Infraprojects’ Rs 963-crore IPO will be available for subscription next week, in a price band of Rs 828-837 per share of face value of Rs 5, each.

About Company

R Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across 14 States in India.

In addition to our EPC activities, we own one operational road project constructed and developed by us on a Build Operate Transfer (“BOT”) basis and seven road projects under the Hybrid Annuity Model (“HAM”) have been awarded to us of which four projects are currently under construction.

Our primary business operations are broadly divided into three categories: (i) civil construction activities, under which we provide EPC services; (ii) development of roads and highways on a BOT basis; and (iii) manufacturing activities, under which we process bitumen, manufacture thermoplastic road-marking paint and road signage and fabricate and galvanize metal crash barriers.

IPO details

Open Date:Jul 07 2021
Close Date:Jul 09 2021
Total Shares:11,50,87,04
Face Value:₹ 5 Per Equity Share
Issue Type:Book Building
Issue Size:960 Crore
Lot Size:18 Shares
Issue Price:₹ 825-837 Per Equity Share
Listing At:NSE,BSE
Listing Date:Jul 15 2021

Intermediaries

Lead Manager:
  1. HDFC Bank Limited
  2. IDFC Bank Limited
  3. Motilal Oswal Investments Advisors Private Limited
  4. Yes Securities (India) Limited
Registrar:
  1. Karvy Computershare Private Limited

Company’s Financial

Particulars (in Cr.)Mar-21Mar-20Mar-19
Sales784463725282
Cost of Material Consumed111106113
Civil Construction Costs531341513461
Change in Inventories-4.37-2.300.33
Employee Benefits Expense457449349
Other Expenses1168274
Operating Profit184915861283
OPM %23.58%24.89%24.29%
Other Income625142
Interest361294169
Depreciation226188148
Profit before tax1,3241,1541,007
Total Tax Exps371353291
Net Profit953800716
NPM %12.15%12.57%13.57%
No. of shares9.679.679.67
EPS in Rs988273

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