GR Infraprojects Limited - Gurugram
About GR Infraprojects Limited
Roads and highways construction major GR Infraprojects had made a strong debut on the stock market on Monday after its initial public offering (IPO) received a strong response.
The market value of the company’s equity shares rose sharply as they listed at a premium of more than 100 per cent over the issue price. On the Bombay Stock Exchange (BSE), the company’s shares listed at Rs 1,700 against an issue price of Rs 837 — at a 103 per cent premium.
At around 10 am, the stock was trading at Rs 1,636 after hitting a post-listing high of Rs 1,725. On the National Stock Exchange, shares of the company had jumped to Rs 1,726.
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GR Infraprojects had received a thumbs up from analysts and investors before its public offering, given the company’s strong growth trajectory over the past couple of decades. The company raised Rs 963 crore via its public offering as the issue witnessed impressive demand from investors.
The portion of the public issue set aside for qualified institutional buyers (QIBs) was subscribed 168.58 times, 238.04 times by non-institutional investors, and retail investors placed bids for 12.57 times their reserved position.
ANALYSTS OPTIMISTIC
Analysts are optimistic about the company’s future outlook, given its expertise and involvement in many road and highway construction projects.
It may be noted that it had an order book of Rs 19,025.81 crore as of March 31, 2021. The order book comprises 16 engineering, procurement and construction (EPC) projects, 10 hybrid annuity model (HAM) projects and three other projects.
The has experience as an iterated road EPC company and has worked on the construction of various roads and highways across several states in the country. The company has recently diversified into projects in the railway sector.
Brokerage firm Yes Securities believes that the company’s strong integrated business model will enable good growth in future. The brokerage also said earlier that GR Infraprojects has a very low debt with net debt to equity of 0.2x.
"Hence, the company is well placed to meet its funds requirement for growth with low debt and ready monetizable assets," said Yes Securities.
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Contact GR Infraprojects Limited
| Address : | 2nd floor, Novus Tower. Plot No. 18, Phase IV, Udyog Vihar, Sector 18, Gurugram, Haryana 122022, India |
| Phone : | 📞 +9 |
| Postal code : | 122022 |
| Website : | http://www.grinfra.com/ |
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Ashish kumar on Google
★ ★ ★ ★ ★ Newly build building and their office is really nice doesn't look like and old Lal companies. They have done quiet well for maintaining their corporate office. It is situated in Udyog Vihar Phase IV, Behind the Airtel Headquarter and opposite to Income tax office. Nearest metro station is Iffco Chowk and if you are looking for shared conveyance to reach G R Infrastructure Ltd than you have to take shared auto form Iffco chowk which is going toward Cyber City or Shankar Chowk.
NOTE - Tower name is Novus Towers and Bajaj Capital and PWC are also have their office in same building along with couple of other organizations.
Hope this helps you if so please like or feel free to ask any clarifications.
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vineet nagpal on Google
★ ★ ★ ★ ★ Looks good place to work. It seems like the owner of the organization is quite cool and a good boss
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shubhlakshmi banerjee on Google
★ ★ ★ ★ ★ One of the leading road manufacturers in India based on a strong central leadership. Had a pleasure creating their corporate profile film and witnessing first hand the great quality of their work at every level. Keep going stronger !
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pankaj saini on Google
★ ★ ★ ★ ★ Really Nice company and HUMBLE staff.
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prince pandey on Google
★ ★ ★ ★ ★ been trying to get in touch with purchase dept. for last three months.. but nobody responds.. i hoped that they are genuinely following supply chain process but i guess not.
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Surinder singh Thakur on Google
★ ★ ★ ★ ★ It's magnanimous enough to speak the volume of GR Infraprojects Limited which is well established Infratech company in the construction industry with steady growth with excellent performance & remarkable achievement in construction & development of our proud country with vision.
The ambience of reception is well maintained & its staff are well mannered & cordial to attend any official services requested to them by a guest of the company.
Appreciate & highly recommended.
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Jagbandhu Kar on Google
★ ★ ★ ★ ★ Office location is located infront of passport seva kendra.
Beautiful office.
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atul mishra on Google
★ ★ ★ ★ ★ Best company
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