INSUBCONTINENT EXCLUSIVE:
GR Infraprojects is into civil construction, manufacturing and advancement of roads and highwaysGR Infraprojects' initial public offering
(IPO) will open for subscription tomorrow i.e
The public issue of the Udaipur-based integrated road engineering, procurement and construction company will totally be an offer-for-sale
(OFS) of as much as 1.15 crore shares by the promoter and shareholders, and no fresh shares will be issued by the business
The main market offering will close on July 9, 2021, and the shares are likely to be listed on the bourses on July 19
The OFS will consist of sale of 11,42,400 shares by Lokesh Builders, 1,27,000 shares by Jasamrit Premises and 80,000 shares by Jasamrit
As numerous as 2.25 lakh shares will be booked for eligible workers, the business had said in its red herring prospectus
GR Infraprojects will not receive any earnings from the share offering as it is an offer for sale.HDFC Bank, ICICI Securities, Kotak
Mahindra Capital Company, Motilal Oswal Investment Advisors, SBI Capital Markets and Equirus Capital are the book running lead managers,
while KFin Technologies is the registrar to the issue.GR Infraprojects is into civil building, manufacturing and advancement of roads and
highways on a build-operate-transfer (BOT) basis.Meanwhile, Tidy Science and Innovation IPO will likewise open for membership on the exact
July 7 and this is likewise a sell by the existing investors.
