G R Infraprojects Limited Issue subscribed 2.34 times, Retail portion booked 3.25 times on day 1

G R Infraprojects Limited Issue subscribed 2.34 times, Retail portion booked 3.25 times on day 1

Mumbai, July 07, 2021: G R Infraprojects Limited (“GRIL” or “Company”), an integrated road engineering, procurement and construction (“EPC”) company with experience in design and construction of various road/highway projects received bids of 1,84,66,165 shares against the offered 78,98,594 equity shares, as per the 5:00 pm data available on the bourses.

The portion reserved for retail investors was subscribed 3.25 times. While the Qualified Institutional Buyer category was subscribed 0.49 times and the Non-Institutional Investor category was subscribed 2.68 times.

The Offer will be a complete offer for sale of up to 1,15,08,704 Equity Shares (“Offer for Sale”) at the upper price band of Rs. 837 per share.

The Company raised 283.33 crores through the Anchor Book and saw a good demand across 8 FPIs and 14 Domestic Institutions namely such as Small Cap World Fund, ADIA, Blackrock, Fidelity, Allianz Global, Public Sector Pension Investment Board – IIFL AMC, ICICI Prudential Asset Management, Nippon MF, SBI MF, HDFC MF, Aditya Birla Sunlife MF, UTI MF, Axis MF, Franklin Templeton MF, Kotak MF, DSP MF, Sundaram MF, Invesco MF, Motilal Oswal MF and HDFC Life Insurance.

HDFC Bank Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited, Equirus Capital Private Limited are the BRLMs to the Offer.

Neel Achary

Neel Achary

Neel Achary is the Editor of Business News This Week, He has 20+ years of experience in digital marketing, business consulting. He holds a master's degree in Economics.

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