INSUBCONTINENT EXCLUSIVE:
GR Infraprojects sold shares in the price band of Rs 828 to 837 per share in the IPO.GR Infraprojects share sale via initial public offering
(IPO) witnessed strong response during the three-day share sale which ended today
GR Infraprojects' Rs 963 crore IPO was subscribed a whopping 102.58 times, data from the National Stock Exchange showed
GR Infraprojects received over 83.33 crore bids for 81.23 lakh shares on the offer
A total of 3.92 crore bids were received at the cut-off price by the end of the bidding process today, NSE data showed.GR Infraprojects' IPO
was in high demand across categories of investors but institutional investors showed keen interest in the issue
According to NSE bid details data, the portion reserved for qualified institutional buyers (QIBs) was subscribed 93.18 times off which
foreign institutional investors made bids for 12.56 crore shares compared to 22.56 lakh shares reserved for all QIBs
non-institutional investors was subscribed 73 times and portion reserved for individual retail investors was subscribed 4.89 times, NSE data
shoed.GR Infraprojects sold shares in the price band of Rs 828 to 837 per share in the IPO with an aim to raise Rs 936 crore
GR Infraprojects is an integrated road engineering, procurement, and construction company with experience in designing and construction
activities and road/highway projects.GR Infraprojects IPO was an offer for sale wherein existing investors sold some stake in the company
The IPO was the 23rd IPO to hit capital markets this year.In another IPO which closed today, Clean Science Technology IPO was subscribed 93
