GR Infraprojects’ Rs 963-crore IPO will be available for subscription next week, in a price band of Rs 828-837 per share of face value of Rs 5, each. The public issue will open for subscription on Wednesday, 7 July 2021 and close on Friday, 9 July 2021. The equity shares of GR Infraprojects (GRIL) are likely to be listed on BSE and NSE. Upon listing, GRIL will join industry peers such as KNR Constructions, PNC Infratech, HG Infra Engineering, Dilip Buildcon, Ashoka Buildcon, IRB Infrastructure Developers and Sadbhav Engineering.
Investors can make bids for a minimum of 17 equity shares and in multiples of thereafter. Investors will require a minimum of Rs 14,076 bid for one lot. Up to 50 per cent of the net offer has been reserved for Qualified Institutional Buyers (QIBs),
