GR Infraprojects files for IPO to raise Rs 800 crore ANI | Updated: Apr 14, 2021 12:18 IST
Mumbai (Maharashtra) [India], Apr 14 (ANI): GR Infraprojects Ltd has filed its draft red herring prospectus (DRHP) with the markets regulator for initial public offering to raise between Rs 800 crore to Rs 1,000 crore.
The Udaipur-based integrated road engineering, procurement and construction (EPC) company has experience in design and construction of various road and highway projects across 15 states. It recently diversified into projects in the railway sector.
The issue will be a complete offer for sale of 1.15 crore equity shares of face value of Rs 5 each by promoter and investor selling shareholders. The offer includes an employee reservation portion as well.
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