Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Integrated road EPC firm GR Infraprojects' Rs.963-Cr IPO subscribed 102.6 times
The INR 963-crore IPO of GR Infraprojects received subscription of 102.58 times. Investors applied for 83.33 crore shares against the offer size of 81.23 lakh shares. The portion set aside for qualified institutional buyers was subscribed 168.58 times and that of non-institutional investors, 238.04 times. Retail investors put in bids 12.57 times their reserved portion and employees applied for 1.37 times their portion. Anchor investors had already invested INR 283 crore in the company. GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across 15 states in India. Recently, it diversified into railway sector projects.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.