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BICAP Led from the Front with its spectacular performance in the INR 9,623 Mn IPO of G R Infraprojects Limited

G R INFRAPROJECTS IPO

SBICAPS led from the front with its spectacular
performance in the INR 9,623 mn IPO of G R
Infraprojects limited

2021

Issuer Details and Deal Highlights

  • G R Infraprojects Limited (“ G R Infra”) is a leading Pan-India integrated road EPC company with over 25 years of experience in design and construction of various road/highway projects and having recently diversified into projects in the railway sector
  • At INR 963 Cr., this was the largest roads sector IPO in over a decade
  • G R Infra made a spectacular debut on stock exchanges with a listing premium of 103% over the issue price

SBICAPS Value Add – #1 in Anchor Book Procurement

  • SBICAPS ranked #1 in anchor procurement, procuring 42% of the total anchor book in a 6 bank syndicate
  • SBICAPS procured the largest FII bid from Capital Group and DII bid from ICICI Pru MF in the anchor book and dominated the anchor book with 6 quality long-only investors – the highest number of investors in the anchor book
  • SBICAPS also generated early momentum in the deal from these large and marquee anchor investors
  • SBICAPS positioned G R Infra as a must own stock in the roads sector on robust financials backed by fastest growth among key EPC players and a superior in-house integrated business model with strong corporate governance

Issue Details

Issue Size INR 9,623 Mn
Issue Structure 100% OFS
Issue Price INR 837 per share
Issue Period July 07 - 09, 2021
Listing Date July 19, 2021

Blockbuster response across all categories:

QIB (ex-Anchor) 168.8 x
NII 237.1 x
Retail 11.4 x
Employee 1.4 x
Total (ex-Anchor) 101.9 x

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