GR Infraprojects files DRHP with SEBI for IPO
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GR Infraprojects, an integrated road engineering, procurement and construction (EPC) company, has filed the draft red herring prospectus (DRHP) with the capital markets regulator SEBI for its initial public offering. The equity shares offered are proposed to be listed on the BSE as well as the National Stock Exchange.
The issue will be a complete offer for sale of 1,15,08,704 equity shares by the promoter and other existing selling shareholders. The company will also reserve some shares for its employees.
The offer for sale comprises 11,42,400 equity shares by Lokesh Builders, 1,27,000 equity shares by Jasamrit Premises, 80,000 shares by Jasamrit Fashions, 56,000 shares by Jasamrit Creations, and 44,000 shares by Jasamrit Construction which all are part of promoter and promoter group.
HDFC Bank, ICICI Securities, Kotak Mahindra Capital Company, Motilal Oswal Investment Advisors, SBI Capital Markets and Equirus Capital are the book running lead managers to the issue, while KFin Technologies is the registrar to the offer.
G R Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.
