G R Infraprojects Limited’s IPO Opens From July 07-09, 2021; Priced Band Of Rs. 828 – Rs. 837 Per Equity Share

* Price Band of Rs. 828 – Rs. 837 per equity share of face value of Rs. 5 each (“Equity Shares”)

* Bid/Offer Opening Date – Wednesday, July 07, 2021 and Bid/Offer Closing Date – Friday, July 09, 2021

* 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 Share

G R Infraprojects Limited (“GRIL” or “Company”), an integrated road engineering, procurement and construction (“EPC”) company with experience in design and construction of various road/highway projects across 15 States in India and having recently diversified into projects in the railway sector, is proposing to open its initial public offering of Equity Shares (the “Offer”) on Wednesday, July 07, 2021 and close on Friday, July 09, 2021. The price band for the Offer has been determined at Rs. 828 – Rs. 837 per Equity Share. The Company and the Investor Selling Shareholders have, in consultation with the book running lead managers to the Offer (the “BRLMs”), considered participation by Anchor Investors, whose participation shall be one Working Day prior to the bid/offer opening Date, i.e. Tuesday, July 06, 2021.

The Offer will be a complete offer for sale of up to 1,15,08,704 Equity Shares (“Offer for Sale”). The Offer includes an employee reservation portion as well.

The Offer for Sale comprises of up to 11,42,400 Equity Shares by Lokesh Builders Private Limited, up to 127,000 Equity Shares by Jasamrit Premises Private Limited, up to 80,000 Equity Shares by Jasamrit Fashions Private Limited, up to 56,000 Equity Shares by Jasamrit Creations Private Limited, up to 44,000 Equity Shares by Jasamrit Construction Private Limited, up to 64,14,029 Equity Shares by India Business Excellence Fund 1 and up to 31,59,149 Equity Shares by India Business Excellence Fund, and up to 486,126 Equity Shares by Pradeep Kumar Agarwal.

The Offer being only an Offer for Sale, Company will not receive any proceeds from the Offer.

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made in accordance with Regulation 6(1) of the SEBI ICDR Regulations, through the Book Building Process wherein not more than 50% of the Net Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders.

The Company’s principal business of civil construction comprises EPC and BOT projects in the road sector. The Company has, since 2006, executed over 100 road construction projects. As per the red herring prospectus of the Company dated June 26, 2021 (the “RHP”), out of its BOT projects, it has one operational road project which has been constructed and developed on a BOT (annuity) basis and 14 road projects which have been awarded to the company under the HAM, out of which five projects are currently operational, four projects are under construction and construction is yet to commence on five of these projects. The Company also has experience in constructing state and national highways, bridges, culverts, flyovers, airport runways, tunnels and rail over-bridges and has recently diversified into projects in the railway sector.

HDFC Bank Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited, Equirus Capital Private Limited are the BRLMs to the Offer.