GR Infraprojects Limited IPO –The Initial Public Offering (IPO) of GR Infraprojects Limited (GRIL) opened on 7 July 2021. The there-day public issue will conclude on 9 July 2021. If you want to know all the relevant dates from allotment finalisation date, refund initiation, demat transfer, listing date and mandate end date, here is your answer. 

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According to Zerodha – the tentative dates are:  

  1. Allotment status finalization date is 14 July 2021 
  2. Refund Initiation date is 15 July 2021 
  3. Demat Transfer date is 16 July 2021 
  4. Listing date is 19 July 2021 
  5. Mandate end date is 26 July 2021  

As per another brokerage firm Edelweiss the list of dates are as follows: 

  1. Finalisation of basis of allotment is 15 July 2021 
  2. Refund Initiation date is 16 July 2021 
  3. Transfer of shares to Demat Account date is 19 July 2021 
  4. Listing Date is 20 July. 

Allotment status can be checked by visiting the website of the IPO issue registrar KFin Technologies Private Limited  

At 1:48 pm today, the GR Infraprojects Limited IPO shares were subscribed 0.46 time. Out of over 8.12 million shares, just over 3.73 million shares were subscribed. The Retail Individual Investors (RIIs) have show good response till now and subscribes 0.93 times around this time. Meanwhile Qualified Institutional Buyers (QIBs) subscribed 0.01 times around this time. The non-institutional investors subscribed 0.02 times. This information is as per the data available on the NSE Website.  

FULL STORY HERE: GR Infraprojects Limited IPO: Latest update on subscription response from retail investors, QIBs, non-institutional investors so far 

GR Infraprojects Limited IPO – This is what you must know about the IPO:  

  • The price band of Rs 828 – Rs 837 per equity share of face value of Rs 5 each.  
  • The issue opens on 7 July (Wednesday) and closes on 9 July (Friday)  
  • Minimum Bid Lot is 17 Equity Shares and in multiples of 17 equity shares thereafter  
  • The floor price is 165.60 times the face value of the equity share and the cap price is 167.40 times the Face Value of the equity shares.  
  • The offer will be a complete Offer for Sale (OFS) up to 1.15 cr equity shares approximately. This offer includes an employee reservation portion as well.   
  • The offer being only an Offer for Sale, company will not receive any proceeds from the offer, the company release said.  

The Offer is being made through the Book Building Process wherein up to 50 per cent of the net offer will be available for allocation to Qualified Institutional Buyers (QIBs), 15 per cent or above of the net offer will be available for allocation to Non-Institutional Bidders and 35 per cent or above of the net offer will be available for allocation to Retail Individual Investors (RIIs).   

HDFC Bank Limited, ICICI Securities, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited, Equirus Capital Private Limited are the Book Running Lead Managers (BRLMs) to the offer.