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Tag: gr infraprojects ipo

  • GR Infraprojects lists 105% above concern worth on NSE, doubles buyers’ wealth

    GR Infraprojects share worth: Shares of GR Infraprojects made a powerful debut on the inventory exchanges in the present day itemizing at 105 per cent greater than their concern worth.
    The scrip received listed at Rs 1,715.85 apiece on the National Stock Exchange (NSE), thereby registering a acquire of 105 per cent from its provide worth of Rs 837. On the BSE, it opened at Rs 1,700.00, up 103.11 per cent from the problem worth.
    The inventory continued its preliminary momentum hitting a excessive Rs 1,734.60 on BSE and Rs 1,732.25 on the NSE throughout the early minutes of commerce on the primary day, nonetheless, it slowly gave up a few of its preliminary positive aspects and touched an intraday low of Rs 1,550.00 on each NSE and BSE up to now within the day.
    At 11:25 am, the scrip was buying and selling at Rs 1703.35 on the BSE, up 103.51 per cent from the problem worth whereas on NSE it was at Rs 1,701.65.

    Over 91 lakh shares of G R Infraprojects had been traded on the NSE throughout the first 90 minutes of commerce, whereas over 5.18 lakh shares exchanged arms on the BSE, knowledge from the respective inventory exchanges confirmed.
    The Rs 963 crore IPO of GR Infraprojects met a sturdy demand throughout its provide interval from July 7-9. The concern was oversubscribed 102.58 instances.
    The Udaipur-based firm is a number one built-in street engineering, procurement and development (EPC) firm with expertise within the design and development of varied street and freeway initiatives throughout 15 states in India. It has not too long ago diversified into initiatives within the railway sector.

  • GR Infraprojects IPO allotment standing: Here is tips on how to test your shares

    GR Infraprojects IPO allotment standing: The preliminary public providing (IPO) of GR Infraprojects was subscribed 102.58 instances over the 81.23 lakh shares that had been on supply in the course of the subscription interval from July 7-9, 2021. The worth band was fastened at Rs 828-837 per share.
    GR Infraprojects IPO acquired bids of over 83.33 crore (83,33,04,538) shares in opposition to the overall situation dimension of over 81.23 lakh (81,23,594) shares, knowledge accessible with the National Stock Exchange (NSE) confirmed.
    The shares that are to be allotted for the QIBs was subscribed 168.58 instances, whereas these of non institutional buyers was subscribed 238.04 instances and that of RIIs was subscribed 12.57 instances. Separately, shares for the staff’ section was subscribed 1.37 instances, the info confirmed.
    The Udaipur-based agency is a number one built-in street engineering, procurement and development (EPC) firm and the IPO comprised of an entire supply on the market (OFS) by promoter and investor promoting shareholders. The funds raised by means of the supply will probably be acquired by the promoting shareholders.

    Investors at the moment are wanting ahead to the share allotment date of the GR Infraprojects IPO. The infrastructure agency was initially is meant to finalise the allotment by Wednesday, July 14, 2021, as per the timeline offered within the pink herring prospectus. In case you could have utilized for the GR Infraprojects IPO, then right here is how one can test the standing of your allotment when it will get declared:
    The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is KFin Technologies (Click right here: https://ris.kfintech.com/ipostatus/ipos.aspx). Applicants might want to choose G R INFRAPROJECTS LIMITED within the drop-down menu and enter both their Application No. or DPID/Client ID or PAN, enter the Captcha code (which is proven in digits) and click on on Submit to view their allotment standing.
     
    Apart from the registrar’s web site, candidates also can test the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose G R INFRAPROJECTS LIMITED from the drop-down listing within the Issue Name part, enter their Application Number and PAN Number within the respective packing containers after which click on on search to view their standing.

    The itemizing of shares of GR Infraprojects is prone to happen on Monday, July 19, 2021, on each the NSE and BSE. The situation dimension of the IPO was Rs 963 crore.
    HDFC Bank, ICICI Securities, Kotak Mahindra Capital Company, Motilal Oswal Investment Advisors, SBI Capital Markets and Equirus Capital had been the book-running lead managers to the supply.

  • IPO Wrap: Clean Science IPO subscribed 93.41 instances; GR Infraprojects IPO subscribed 102.58 instances

    The two preliminary public choices (IPOs) of Clean Science and Technology and GR Infraprojects, which have been launched earlier this week have been met with sturdy demand by the traders.
    Clean Science IPO was subscribed 93.41 instances on the ultimate day, whereas GR Infraprojects IPO witnessed 102.58 instances subscription by the top, knowledge accessible on the BSE confirmed.
    The Clean Science and Technology IPO obtained bids for over 114.92 crore (1,14,92,30,160) shares in opposition to the overall subject measurement of 1.23 crore (1,23,02,672) shares, the BSE knowledge confirmed.
    The shares that are to be allotted for the certified institutional patrons (QIBs) was subscribed 156.37 instances, whereas these of non institutional traders was subscribed 206.43 instances and that of retail particular person traders (RIIs) was subscribed 9.00 instances, the info confirmed.

    The 1,546.6 crore IPO of the specialty chemical agency had opened for subscription on Wednesday, July 7, 2021, and concluded at 5 pm at this time. It had a worth band of Rs 880-900 per share and earlier than heading into the IPO, Clean Science and Technology raised almost Rs 464 crore (Rs 463,98,63,600) from 41 anchor traders in lieu of 51,55,404 fairness shares at Rs 900 every.
    Speaking of GR Infraprojects, the IPO of the infrastructure agency obtained bids for over 83.33 crore (83,33,04,538) shares in opposition to the overall subject measurement of over 81.23 lakh (81,23,594) shares, in keeping with the inventory change knowledge.
    The shares that are to be allotted for the QIBs was subscribed 168.58 instances, whereas these of non institutional traders was subscribed 238.04 instances and that of RIIs was subscribed 12.57 instances. Separately, shares for the staff’ section was subscribed 1.37 instances, the info confirmed.

    The Rs 963 crore GR Infraprojects IPO too had opened for subscription on Wednesday, July 7, 2021, and concluded at this time. It had a worth band of Rs 828-837 per share and earlier than heading into the IPO, the Udaipur-based infrastructure firm raised a bit of over Rs 283 crore (Rs 283,33,37,070.00) from 47 anchor traders in lieu of 33,85,110 fairness shares at Rs 837 every.
    Going forward, traders will now sit up for the share allotment date of each points. The finalisation of the idea of allotment for each GR Infraprojects and Clean Science and Technology is predicted to happen on Wednesday, July 14, 2021, as per the knowledge offered within the pink herring prospectus of each corporations.

  • GR Infraprojects IPO opens tomorrow: Here’s every thing you should know

    GR Infraprojects IPO opens tomorrow: Here’s every thing you should know

  • GR Infraprojects IPO to open on July 7; worth band set at Rs 828-837/share

    GR Infraprojects on Thursday stated it has mounted a worth band of Rs 828-837 a share for its Rs 963-crore preliminary share sale.
    The three-day preliminary public provide (IPO) will open on July 7 and conclude on July 9. Bidding for anchor buyers will open on July 6, based on the corporate.
    The difficulty can be an entire provide on the market (OFS) of 1,15,08,704 fairness shares by promoter and investor promoting shareholders. The provide contains an worker reservation portion as effectively.
    Lokesh Builders will promote 11,42,400 fairness shares via a proposal on the market, Jasamrit Premises 1,27,000 fairness shares, Jasamrit Fashions 80,000 fairness shares, Jasamrit Creations 56,000 fairness shares, and Jasamrit Construction 44,000 fairness shares.
    In addition, India Business Excellence Fund will provide 64,14,029 fairness shares, India Business Excellence Fund 31,59,149 fairness shares and Pradeep Kumar Agarwal may also promote 4,86,126 fairness shares via provide on the market.
    The IPO will fetch Rs 963.37 crore on the higher finish of the worth band.
    The public difficulty being solely a proposal on the market, the corporate won’t obtain any proceeds from the provide.
    Half of the difficulty measurement has been reserved for certified institutional consumers, as much as 35 per cent for retail buyers, and the remaining 15 per cent for non-institutional consumers.
    This is the corporate’s third try and go public. It had filed preliminary papers with capital markets regulator Sebi in April to lift funds via an preliminary share-sale.
    Earlier in May 2018, GR Infraprojects had filed draft papers with the markets regulator to lift an estimated Rs 1,800 crore via an IPO.
    Priot to that, in September 2016 as effectively, the corporate had filed IPO papers with Sebi and obtained the regulator’s go-ahead to launch the general public difficulty. It, nonetheless, didn’t go in for the general public difficulty then.
    Udaipur-based GR Infraprojects is a number one built-in highway engineering, procurement and building (EPC) firm with expertise in design and building of varied highway and freeway tasks throughout 15 states in India. It has lately diversified into tasks within the railway sector.
    In the final three fiscal years, the corporate’s income from operations elevated from Rs 3,295 crore in fiscal 2018 to Rs 6,373 crore in fiscal 2020 at a compound annual progress fee or CAGR of 39 per cent, whereas the revenue surged from Rs 413 crore in fiscal 2018 to Rs 799 crore in fiscal 2020.
    As on March this yr, the corporate had an order ebook of Rs 19,000 crore.
    HDFC Bank, ICICI Securities, Kotak Mahindra Capital Company, Motilal Oswal Investment Advisors, SBI Capital Markets, Equirus Capital are the ebook working lead managers to the difficulty.
    The fairness shares provided are proposed to be listed on BSE and NSE.

  • Clean Science, Shriram Properties, GR Infraprojects get Sebi nod for IPO

    Three firms — Clean Science and Technology, Shriram Properties and GR Infraprojects — have acquired markets regulator Sebi’s to boost funds by means of preliminary public provides (IPOs).
    The three corporations had filed their preliminary papers with Securities and Exchange Board of India (Sebi) in April.
    Clean Science and Technology, Shriram Properties and GR Infraprojects have obtained Sebi’s observations on June 12, June 15 and June 16 respectively, in keeping with an replace with Sebi.
    Sebi’s commentary could be very crucial for any firm to launch an preliminary public supply (IPO), follow-on public supply (FPO) and rights problem.

    Speciality chemical producer Clean Science and Technology plans to boost Rs 1,400 crore by means of its preliminary share sale.
    The IPO is fully a proposal on the market (OFS) by current promoters and different shareholders, in keeping with draft purple herring prospectus.
    Those providing shares within the OFS embody Anantroop Financial Advisory Services, Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari.
    Clean Science Technology manufactures functionally essential specialty chemical substances reminiscent of efficiency chemical substances, pharmaceutical intermediates and FMCG chemical substances.
    Its merchandise are used as key beginning degree supplies, as inhibitors, or as components, by prospects, for merchandise.
    Bengaluru-based Shriram Properties proposes to boost as much as Rs 800 crore by means of IPO.
    Out of the overall IPO measurement, it plans to boost Rs 250 crore by means of recent problem of fairness shares and Rs 550 crore by means of supply on the market.
    Shriram Properties has proposed partial exits to its 4 current traders –TPG Capital, Tata Capital, Walton Street Capital and Starwood Capital — which maintain round 58 per cent stake within the firm.
    In supply on the market, every of the promoting shareholders might be entitled to their respective portion of the proceeds from the supply on the market in proportion of the shares supplied by them. The firm won’t obtain any proceeds from the supply on the market.
    Shriram Properties proposes to utilise the web proceeds from the recent problem in direction of reimbursement and/ or pre-payment of debt and common company functions.
    The firm has a significant presence in South India. It has accomplished numerous actual property tasks and lots of tasks are below building.
    GR Infraprojects plans to boost Rs 800-1,000 crore by means of an preliminary share sale, in keeping with service provider banking sources.
    The public problem might be a whole OFS of 1,15,08,704 fairness shares by promoter and investor promoting shareholders, in keeping with the draft purple herring prospectus.
    The supply contains an worker reservation portion as nicely.
    Those providing shares within the OFS embody Lokesh Builders, Jasamrit Premises, Jasamrit Fashions, Jasamrit Creations, Jasamrit Construction and India Business Excellence Fund.

    Udaipur-based GR Infraprojects is a number one built-in highway engineering, procurement and building (EPC) firm with expertise within the design and building of assorted highway and freeway tasks throughout 15 states in India. It has just lately diversified into tasks within the railway sector.
    The fairness shares of those firms are proposed to be listed on BSE and NSE.