IPO Launcing - Gril's IPO To Open On July 7, Know About The Company

IPO Launching – Gril’s IPO To Open On July 7, Know About The Company

IPO Launching – Gril’s IPO To Open On July 7, Know About The Company – If you’re thinking of investing money in IPO, then next week there’s getting to be another opportunity. The IPO of infrastructure company GR Infraprojects Limited (GRIL) goes to open on July 7.

IPO Launching – Gril’s IPO To Open On July 7, Know About The Company

You can invest within the IPO of this infra sector company between July 7 and July 9. the corporate is probably going to be listed on BSE and NSE on July 19. during this IPO, 2.25 lakh shares are reserved for the workers of the corporate .

GR Infraprojects Limited will issue 1.15 crore equity shares of face value of Rs 5 through Offer purchasable (OFS) during this IPO. These shares are going to be issued by the promoters and existing investors of the corporate .

GRIL won’t issue any fresh shares for this public issue. thanks to the absence of fresh share issue, the corporate won’t get any a part of the funds raised through this IPO.

Lokesh Builders Private Limited, the promoter of GR Infraprojects, will issue 11.42 lakh shares for this IPO. thanks to which the stake of Lokesh Builders during this infra company are going to be reduced by 33%. aside from this, the promoter group Jasamrit Premises, Jasamrit Fashions etc. will sell a complete of three .07 lakh shares.

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Through this IPO, India Business Excellence Fund and India Business Excellence Fund 1 will exit from GRIL. That is, both these funds will sell their entire stake in 95.73 lakh shares during this IPO. aside from this, the company’s investor Pradap Agarwal also will sell some shares out of his 5 lakh equity shares.

GR Infraprojects has appointed HDFC Bank, ICICI Securities, Kotak Mahindra Bank and Motilal Oswal as investment advisors for this IPO. At an equivalent time, SBI Capital Markets and Enquires Capital are the book lead running managers.

GRIL’s peer companies that are listed on the stock exchange include KNR Constructions, PNC Infratech, HG Infra Engineering, Dilip Buildcon, Ashoka Buildcon, IRB Infrastructure Developers and Sadbhav Engineering.

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