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.
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:
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:
|| ₹ 5 Per Equity Share
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