GR Infraprojects Limited - IPO Thread
#IPO #IPOAlert #StockMarketindia #StockMarket #StockMarketUpdate
#IPO #IPOAlert #StockMarketindia #StockMarket #StockMarketUpdate
1/ IPO Details
Date of Offer: 7th July-9th July
Price Band: INR 828-837
Min. Order Qty: 17 Shares
Fresh Issue: INR 0 Cr
Offer for Sale: INR 963 Cr
The company will not receive proceeds of the issue
Date of Offer: 7th July-9th July
Price Band: INR 828-837
Min. Order Qty: 17 Shares
Fresh Issue: INR 0 Cr
Offer for Sale: INR 963 Cr
The company will not receive proceeds of the issue
2/ Company Details
GR Infraprojects has 25+ yrs exp. in executing engineering, procurement and construction (EPC) projects
Primary business civil construction
Operates in road sector including highways, bridges, airports, etc
Function in Build Operate Transfer model
GR Infraprojects has 25+ yrs exp. in executing engineering, procurement and construction (EPC) projects
Primary business civil construction
Operates in road sector including highways, bridges, airports, etc
Function in Build Operate Transfer model
3/ Operational Highlights
Since 2006 the company has executed over 100 road construction projects India
Their equipment base comprises of 7K+ construction equipment and vehicles
Order Book of INR 19,025 Cr. comprising of 16 EPC projects, 10 HAM projects and 3 other projects
Since 2006 the company has executed over 100 road construction projects India
Their equipment base comprises of 7K+ construction equipment and vehicles
Order Book of INR 19,025 Cr. comprising of 16 EPC projects, 10 HAM projects and 3 other projects
4/ Financials
5/ Sector Outlook
Total construction spend in the overall infra segment from FY15-19 was valued at INR 17.93T
Share of road in above expenditure was 48.3%
NHAI has awarded 2800 kms in the Apr-Jan period achieving 460%+ of its target of 4500 kms
Significant future plans by GoI
Total construction spend in the overall infra segment from FY15-19 was valued at INR 17.93T
Share of road in above expenditure was 48.3%
NHAI has awarded 2800 kms in the Apr-Jan period achieving 460%+ of its target of 4500 kms
Significant future plans by GoI
6/ Peer Comparison
The road construction industry in India is very competitive
The main competitors are PNC Infratech Limited, KNR Constructions Limited, Dilip Buildcon Limited, Ashoka Buildcon Limited and Sadbhav Infrastructure Project Limited
The road construction industry in India is very competitive
The main competitors are PNC Infratech Limited, KNR Constructions Limited, Dilip Buildcon Limited, Ashoka Buildcon Limited and Sadbhav Infrastructure Project Limited
7/ Promoter & Major Shareholder Details
The promoters of the group are:
Lokesh Builders Pvt Ltd (33.0%)
Vinod Kumar Agarwal (5.1%)
Ajendra Kumar Agarwal (4.4%)
Purshottam Agarwal (4.3%)
Total promoter & group shareholding stands at 88%
The promoters of the group are:
Lokesh Builders Pvt Ltd (33.0%)
Vinod Kumar Agarwal (5.1%)
Ajendra Kumar Agarwal (4.4%)
Purshottam Agarwal (4.3%)
Total promoter & group shareholding stands at 88%
8/ Strengths
Strong track record of efficiently managing projects and executing them on time
In-House integration with key competencies enabling them to deliver project services
Strong promoter group with experienced management
Strong financial performance and credit rating
Strong track record of efficiently managing projects and executing them on time
In-House integration with key competencies enabling them to deliver project services
Strong promoter group with experienced management
Strong financial performance and credit rating
9/ Risk Factors
Highly dependent on Civil construction business
Successful bidding and non-cancellation of contracts are crucial factors
Any premature termination of project can affect financials
Business concentrated in North India
Rely on sub-contractors for many projects
Highly dependent on Civil construction business
Successful bidding and non-cancellation of contracts are crucial factors
Any premature termination of project can affect financials
Business concentrated in North India
Rely on sub-contractors for many projects
10/Future Outlook
The company continues to focus on construction of road projects
Diversification into railway sector
The government’s focus on infra provides tailwinds
NHAI plans to award INR 2.25L Cr. of projects in FY22
GoI to award projects worth Rs. 15L Cr. in next 2 years
The company continues to focus on construction of road projects
Diversification into railway sector
The government’s focus on infra provides tailwinds
NHAI plans to award INR 2.25L Cr. of projects in FY22
GoI to award projects worth Rs. 15L Cr. in next 2 years
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