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 |
