GR Infraprojects Ltd IPO: Reviews, Recommendations, GMP Today, Dates, Live Subscription Status, Allotment - IPO Reviews

Saturday, May 19, 2018

GR Infraprojects Ltd IPO: Reviews, Recommendations, GMP Today, Dates, Live Subscription Status, Allotment

The integrated road EPC company, GR Infraprojects Ltd. has filed its draft papers with market regulator SEBI earlier this month. The company is looking to fetch at least Rs. 1,800 crores through this IPO. GR Infraprojects Ltd is seeking a valuation of $2 billion with this IPO. G R Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across 14 States in India.


Issue Size:

The IPO comprises the fresh issue of Rs. 500 crores and the offer for sale of up to 11,225,343 equity shares by the existing shareholders of the company and by Motilal Oswal Private Equity (MOPE) The company will utilise the funds for the repayment of loans, invest in company's subsidiaries and purchase of certain equipment required for the EPC business.
GR Infraprojects Ltd IPO: Reviews, Recommendations, GMP Today, Dates, Live Subscription Status, Allotment

Financials:

For the financial year 2016-17, the company's revenue stood at Rs 3,280.3 crore in contrast to Rs1,122.2 crore in Fiscal 2013. The company's CAGR grew at 30.76% from fiscal 2013 to 2017. At the same time, the EBITDA grew from Rs122.4 crore in fiscal 2013 to Rs466.4 crore in fiscal 2017. The company has CARE AA- rating from CARE for all the long-term bank facilities and NCDs.

Order Book:

The company's order book as of March 31st stood at Rs7,982 crore and has completed 85 EPC projects since the year 2006.

Since the year 2015, MOPE has seen several portfolio companies gone into public like MAS Financial Services Company, Parag Milk Foods, Power Mech Projects, Dixon Technologies (India) Ltd, etc.

As and when the GR Infraprojects Ltd IPO kicks off, we will update the reviews, recommendations by SP Tulsian, important dates, offer price, live GMP today, live subscription status and allotment status here.

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