GR INFRAPROJECTS LTD
G R Infraprojects is an integrated road EPC company that was incorporated in December 1995 it is a company with experience in design and construction of various road/highway projects across 14 States in India. In addition to their EPC activities, they own one operational road project constructed and developed by them on a Build Operate Transfer (“BOT”) basis and seven road projects under the Hybrid Annuity Model (“HAM”) that they have been awarded. Out of which four projects are currently under construction.
Their primary business operations are broadly divided into three categories: civil construction activities, under which they provide EPC services; secondly, development of roads and highways on a BOT basis; and lastly manufacturing activities, under which they process bitumen, manufacture thermoplastic road-marking paint and road signage and fabricate and galvanize metal crash barriers.
Currently there are top five projects going on which includes:
- Construction of 8 lane access controlled Expressway from Km 26.582 to Km 50.700,
- 4-laning of Aligarh-Kanpur section,
- Construction of Eight lane access controlled Expressway from Km 217.500 to Km 254.430,
- Construction of Eight Lane Carriageway Starting near Major Bridge on Mej river to junction,
- Upgradation of Highway starting from junction with NH-44 at Panipat connecting Kairana, Shamli, Muzaffarnagar, Miranpur, Bijnor and terminating at its junction with NH-74 at Kotawali to Two/four lane with paved shoulder configuration.
GR Infra have also aligned their CSR programs with Indian legal requirements. The CSR activities include renovation, and installation of medical equipment and maintenance of Bal Chikitsalaya, Maharana Bhupal Government Hospital in Udaipur, Rajasthan; construction of the community health centre in Sahwa, Churu, Rajasthan and made donations to certain non-governmental organisations in the past; financial assistance to Uttar Pradesh State Rural Livelihood Mission for preparation of masks; construction of hostel for students at Himgiri Kalyan Ashram; and construction of building at Vanvasi Kalyan Parishad School.
For the FY 21, the total revenue was Rs. 784.13 Cr. The company’s IPO opening date will be 7th July 2021 till 9th July 2021 with the price of Rs 828 to Rs 837 per equity share. The expected issue size of the IPO is Rs. 963.28 Cr. Considering the price and other factors, it is a good company to invest for long term gains but listing gains are not expected.
