GR Infraprojects lists at 105% premium over issue price
NEW DELHI: GR Infraprojects made a strong market debut on Monday, as the scrip got listed at Rs 1,715.85 on NSE, a 105 per cent premium to its issue price of Rs 837. On BSE, the scrip got listed at Rs 1,700, up 103.11 per cent.
The IPO, which was sold between July 7 and 9, was subscribed a whopping 102.58 times. It received total bids for 83,33,04,538 shares against 81,23,594 shares on offer. The quota reserved for qualified institutional buyers (QIBs) was subscribed 168.58 times, the non-institutional investor (NII) quota was subscribed 238.04 times and the one reserved for retail individual investors (RIIs) 12.57 times.
The Udaipur-based GR Infraprojects is an integrated road engineering, procurement, and construction (EPC) company with experience in the design and construction of various road and highway projects across 15 states in India.
