GR Infraprojects Files IPO Papers

GR Infraprojects IPO: The issue of the Udaipur-based integrated road engineering, procurement and construction company will be an offer for sale of 1,15,08,704 shares by the promoter and other existing shareholders

GR Infraprojects has filed the draft red herring prospectus with market regulator Sebi. The primary market offering of the Udaipur-based integrated road engineering, procurement and construction company will be an offer (OFS) for sale of 1,15,08,704 shares by the promoter and other shareholders. The shares are likely to be listed on the BSE and NSE. The OFS comprises the sale of 11,42,400 equity shares by Lokesh Builders, 1,27,000 equity shares by Jasamrit Premises and 80,000 shares by Jasamrit Fashions, among others. Since this is an offer for sale, the company will not receive any proceeds . HDFC Bank, ICICI Securities, Kotak Mahindra Capital Company, Motilal Oswal Investment Advisors, SBI Capital Markets and Equirus Capital are the book running lead managers to the share sale of GR Infraprojects, while KFin Technologies is the registrar to the issue.