GR Infra IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
gr-infra-IPO-subscription

GR Infra IPO Subscription Status: FINAL

GR Infra Projects Limited, incorporated in 1995, is an integrated road engineering, procurement, and construction (“EPC”) company with experience in the design and construction of various road/highway projects across 15 States in India and has recently diversified into projects in the railway sector.

Investor CategoryQuotaSubscription
Institutional (QIB)50%168.58x
Non-Insti. (HNI)15%238.04x
Retail (RII)35%12.48x
Employee1.37x
Total Subscription100%102.53x
Updated at 4:40 PM | 9th July

GR Infra IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.49x2.78x168.58x
HNI2.68x6.31x238.04x
Retail3.25x7.49x12.48x
Employee0.24x0.75x1.37x
Total2.28x5.75x102.53x

GR Infra IPO Subscription: Analyst Recommendations

LKP RESEARCH – SUBSCRIBE for longterm [ Report ]

“At the higher price band of Rs. 837, GR Infra is demanding a P/E multiple of 8.5x (to its FY21 earnings of Rs. 98.6 per share), which is a discount to the peer average. Thus the issue seems to be attractively priced. However, with concerns on the sustainability of the EPC profitability in the near term”

Hem Securities – SUBSCRIBE

Also the company has a healthy order book which gives strong revenue visibility going forward. The company strives to maintain a robust financial position and low debt levels along with an emphasis on a strong balance sheet enable the company to pursue future opportunities for growth.

Philip Capital – SUBSCRIBE

“Given the average trading multiple of 14x one-year forward PE, and peak multiple of 18-20x one-year PE, the stock provides significant rerating potential at the IPO’s asking valuations”

GR Infra IPO Subscription: Key IPO Details

TypeValue
Issue Size₹963.28 Cr
Open Date07/07/2021
Close Date09/07/2021
Face Value₹5/- per Equity Share
IPO Price₹828 – ₹837
Lot Size17 shares
LotsMin 1 – Max 13

GR Infra IPO : Financials

201920202020
Revenue from Ops₹5282.6 Cr₹6372.7 Cr₹7844.1 Cr
Profit before Excep*₹1007.7 Cr₹1154.1 Cr₹1324.6 Cr
Profit after Tax716.64 Cr₹800.83 Cr₹953.22 Cr
EPS (Basic)73.9182.5198.31
*Tax and Exceptional Items
As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS89.009.309.40
* Weighted Average for last 3 years

Comparison with listed industry peers

CompanyP/E (Cap)
GR Infra9.40
Highest (IRB Infra)48.74
Lowest (Sadbhav)1.65
Sector Avg16.73

GR Infra IPO Subscription – FAQs

1. How to apply for GR Infra IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for GR Infra in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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