G R Infraprojects IPO gets subscribed 102 times, highest in the sector in over a decade

• G R Infraprojects has been looking to raise ₹962 crore with a complete offer for sale (OFS).
  
• The portion kept aside for retail investors was subscribed 12.57 times on the last day of bidding.
  
• The IPO was open for subscription from July 7 to July 9 with a price band of ₹828-837.

G R Infraprojects’ ₹962 crore public issue saw huge demand from investors as it was subscribed 102.58 times on the last day, July 9. The initial public offering (IPO) was majorly oversubscribed by qualified institutional and non-institutional buyers.

Most analysts had pointed out huge opportunities in the infrastructure space with GR Infraprojects for the long term on a strong order book and project execution record.


The IPO offer is a complete offer for sale (OFS) from promoters. Currently, the promoter holds 88.04% stake in the company and after the initial share sale, this stake will come down to 86.54%. The firm’s public holding will increase from 11.96% to 13.46%.

Also, the road sector contractor’s IPO has been the most oversubscribed IPO in the road and highways sector in over a decade.


GR Infraprojects is an integrated road engineering, procurement and construction (EPC) company proficient in designing and constructing various road/highway projects, across 15 states in India. It has recently diversified into railway projects.

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