Udaipur-based GR Infraprojects files for IPO

ipo

Udaipur-based GR Infraprojects, an integrated road engineering, procurement and construction company has filed its Draft Red Herring Prospectus (DRHP) with the markets regulator Sebi IPO. IPO size is expected to be between Rs 800 to Rs 1,000 crore. The issue will be a complete offer for sale of 1,15,08,704 equity shares of face value of Rs 5 each by promoter and investor selling shareholders. The offer includes an employee reservation portion as well. The portion reserved for Qualified Institutional Buyers will be up to 50% of the offer, non-institutional investors will have up to 15% of the portion reserved while up to 35% will be reserved for the retail investors. The equity shares offered are proposed to be listed on the BSE & NSE Stock Exchanges. HDFC Bank, ICICI Securities, Kotak Mahindra Capital Company Motilal Oswal Investment Advisors, SBI Capital Markets, Equirus Capital are the book running lead managers to the issue.

  • Udaipur-based GR Infraprojects, an integrated road engineering, procurement and construction company has filed its Draft Red Herring Prospectus (DRHP) with the markets regulator Sebi IPO.

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