G R Infraprojects Limited IPO

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G R Infraprojects Limited IPO

G R Infraprojects Limited is an integrated road EPC company with experience in design and construction of various road/highway projects across 14 States in India. In addition to our EPC activities, we own one operational road project constructed and developed by us on a Build Operate Transfer (“BOT”) basis and seven road projects under the Hybrid Annuity Model (“HAM”) have been awarded to us of which four projects are currently under construction. Our primary business operations are broadly divided into three categories: (i) civil construction activities, under which we provide EPC services; (ii) development of roads and highways on a BOT basis; and (iii) manufacturing activities, under which we process bitumen, manufacture thermoplastic road-marking paint and road signage and fabricate and galvanize metal crash barriers.
The Company was incorporated in December 1995 and have, since then gradually increased our execution capabilities in terms of the size of projects that we have bid for and executed. For example, one of the first road projects that we executed was for the Public Works Department, Rajasthan in 1997 that had a contract value of ₹ 26.50 million compared with the project awarded by NHAI in 2017, with a contract value of ₹ 24,470.00 million that is currently under construction.
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Our principal business of civil construction comprises EPC projects in the road sector and we have, since 2006, executed over 89 projects in this sector. We also have experience in constructing state and national highways, bridges, culverts, flyovers, airport runways and rail over-bridges.
We execute road projects as EPC contractors, construction services providers as well as through PPP model on a BOT basis, with a focus on hybrid annuity projects. Our employee resources and fleet of equipment, along with our engineering skills and capabilities, enable us to execute a variety of road construction projects that involve varying degrees of complexity. We believe that our in-house integrated model and efficient project execution have helped us in executing projects while maintaining quality standards. In the last five years, of the 18 completed projects, 16 projects have been completed early or within the timelines stipulated by our clients.
In March 2010, our Company commissioned a wind energy based power plant at Jaisalmer, Rajasthan with an installed capacity of 1.25 MW under the ‘Policy for Promoting Generation of Electricity through Non-Conventional Energy Sources – 2004’. We are also currently constructing a group housing project comprising of row houses and other residential units at Udaipur, Rajasthan

Objects of the G R Infraprojects Limited IPO:

Objective of

G R Infraprojects Limited IPO

are: Offer for Sale The proceeds from the Offer for Sale shall be received by the Selling Shareholders and our Company shall not receive any proceeds from the Offer for Sale. Objects of the Fresh Issue 1. Investment in certain of our Subsidiaries 2. Repayment, in full or in part, of certain borrowings availed by our Company 3. Purchasing capital equipment for our EPC business 4. General corporate purposes

G R Infraprojects Limited IPO Details:

Face Value: ₹ 5 Per Equity Share
Listing At: NSE,BSE

Promoters And Management:

Promoters of G R Infraprojects Limited Company are: Vinod Kumar Agarwal is the managing director and one of the Promoters of our Company. He has completed his 12th standard and has over two decades of experience in the road construction industry. He has been a Director on our Board since incorporation of our Company and has been instrumental in the growth of our Company. He looks after the strategy and policy formulation for our Company and liaises with various departments of the Government and also overlooks processes in our Company which includes, bidding, tendering and planning. He is also the vice-president of the National Highways Builders Federation and was awarded the Excellence Award by the Hindustan Times for ‘demonstrating excellence and deploying exponential strategies in their field by creating exceptional value for society’ in 2016. Ajendra Agarwal is an Executive Director and one of the Promoters of our Company. He holds a bachelor’s degree in civil engineering from Jodhpur University and has an experience of over two decades in the road construction industry. He is responsible for overseeing the overall functioning of our Company, especially the operational and technical aspects, of our Company. He heads the in-house design team and is actively involved in continuous value engineering using the latest specifications and methodologies. He is also the head of budgeting, planning and monitoring process which has leveraged the timely completion of our projects. He has been a Director on our Board since 2006. Anand Bordia is a non-executive independent Director of our Company. He holds a master’s degree in arts from the University of Delhi. He has over 35 years of experience working with the Indian Customs and Central Excise Service, Group A as a deputy collector of customs and excise and subsequently as a collector of customs and excise, NHAI (as a member (finance)) and international organizations including United Nations International Drug Control Programme, Asian Development Bank and the Harvard Institute of International Development. In addition to our Company, he is on the board of directors of Roto Pumps Limited and Birla Corporation Limited. Desh Raj Dogra is a non-executive independent Director of our Company. He holds a bachelor’s and a master’s degree in science from Himachal Pradesh University and a master’s degree in business administration from the University of Delhi. He is also a certificated associate of the Indian Institute of Bankers and has over 37 years of experience in the financial sector, mainly in the areas of banking and credit rating. He was associated with Dena Bank for 15 years and has recently retired as a managing director of CARE. Maya Swaminathan Sinha is a non-executive independent Director of our Company. She holds a bachelor’s degree and a master’s degree in arts, specializing in economics, from the University of Delhi. She has in the past held the position of Deputy Chairperson, Jawaharlal Nehru Port Trust. She has also been on the board of Clear Maze Consulting Private Limited for over three years. Chander Khamesra is a non-executive independent Director of our Company. He holds a bachelor’s degree in commerce and a master’s degree in business administration (executive) from the Mohanlal Sukhadia University, Udaipur. He has 21 years of experience in the field of manufacturing and selling of jewelry. In addition to our Company, he is currently on the board of directors of Mayura Jewels (India) Private Limited and Golden Drugs Private Limited.

Financials of G R Infraprojects Limited IPO:

Particulars For the year/period ended (in Rs. Lacs)
30-Dec-2017 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 10,374.94 6,241.84 6,535.12 3,431.42 3,222.93
Total Revenue 18,278.02 32,050.18 19,474.12 9,804.77 8,792.43
Profit After Tax 3,160.48 5,369.24 1,432.16 381.87 296.85

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G R Infraprojects Limited IPO

from our side is: Under Analysis. We'll update it soon here.

Registrar of G R Infraprojects Limited IPO:

  1. Karvy Computershare Private Limited

Company Address:

G R Infraprojects Limited Novus Tower, Second Floor, Plot No. 18, Sector 18, Gurugram, Haryana - 122 015, India Phone No. +91 294 248 7370 Fax No. +91 294 248 7749 Email: cs@grinfra.com Website: www.grinfra.com

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