G R Infraprojects IPO — How to check allotment status, listing date and more

• The company is likely to announce its share allotment status on July 14.
  

• The IPO of the road sector contractor was subscribed 102.58 times on the last day of bidding.

• The portion kept aside for retail investors was subscribed 12.57 times on the last day of bidding.

G R Infraprojects, a road sector contractor, is likely to announce the allotment of its initial public offering (IPO) status on July 14.

The IPO was open for subscription between July 7 and July 9.

The company is looking to raise ₹962 crore with a complete offer for sale (OFS) of 11.5 million shares. Currently, the promoter holds 88.04% stake in the company and after the initial share sale, this stake will come down to 86.54%. The firm’s public holding will increase from 11.96% to 13.46%.

The IPO saw huge demand from investors as it was subscribed 102.58 times on the last day, July 9.

The portion for qualified institutional investors was subscribed 168.58 times while the non-institutional investor category received a bid for 238.04 times. Retail investors subscribed to the IPO 12.57 times.

The road sector contractor’s IPO has been the most oversubscribed IPO in the road and highways sector in over a decade.

G R Infraprojects is an integrated road engineering, procurement and construction (EPC) company proficient in designing and constructing various road/highway projects, across 15 states in India. It has recently diversified into railway projects.

Here is how to check G R Infraprojects IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select 'G R Infraprojects’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on 'G R Infraprojects’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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