GMP (gray market premium), further details in 10 points

GR Infraprojects IPO: The public issue of GR Infraprojects will be open for subscription today and it will remain open for auction until July 9, 2021. According to market observers, GR Infraprojects IPO GMP (gray market first) is today at 410, which is high enough to grab the attention of IPO investors. According to stock market experts, one can subscribe to the public issue for decent quotation gains.

Here we list the details of the IPO of GR Infraprojects in 10 points:

1]GR Infraprojects IPO GMP today: GR Infraprojects actions are available on 410 premium means that market watchers expect listing gains of around 50 percent from this issue offering. It would be interesting to know that GR Infraprojects IPO GMP has climbed to this level since 350 in just two days.

2]Financing of the IPO of GR Infraprojects: Abhay Doshi, Founder of UnlistedArena.com, said: “GR Infra is an EPC company with expertise in the design and construction of road projects. They have also recently ventured into rail projects. 19,000 crores. They have established a track record of rapid project execution, which demonstrates their operational effectiveness. “

“On the operational front, the company has experienced the fastest growth in operating income at 47% CAGR from FY15 to FY20. The issue’s price is quite reasonable compared to its peers. The P ratio / E stands at 8.5x FY21 earnings, which leaves enough on the investors table, concluded Abhay Doshi of UnlistedArena.com.

3]Price range of the IPO of GR Infraprojects: The company has set the price range for the public issue at 828 to 837.

4]Size of the IPO lot of GR Infraprojects: Tenderers must apply in batches and one batch will consist of 17 GR Infraprojects actions.

5]Grant date of the IPO of GR Infraprojects: The definitive allocation of the company’s shares will be finalized on July 14, 2021.

6]Date of IPO of GR Infraprojects: The company’s shares will be listed on both the NSE and the BSE on July 19, 2021.

7]Minimum investment limit: Since bidders can apply in batches, a single bidder must apply for at least one lot, i.e. 17 actions leading to a minimum investment of 14 229 ( 837 x 17).

8]Maximum investment limit: According to the Red Herring Prospectus of the IPO, a bidder can apply for a maximum of 14 lots of the public issue, which means that the maximum investment limit in the IPO is 1,99,206 ( 837 x 17 x 14).

9]Type of problem: The IPO of GR Infraprojects is a book build issue with a nominal value of 5 Re per share.

10]Promoter of the IPO of GR Infraprojects: After a successful listing of the public issue, the promoters holding in the company will drop from 88.04 percent to 86.54 percent.

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About Leah Albert

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