100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4441.26 Crs.  Total funds raised in 2,025.00

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

G R Infraprojects Limited IPO Analysis

G R Infraprojects IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 963.28 Cr. The company is based in Ahmedabad and caters to Engineering - EPC sector. Equirus Capital , Hdfc Bank , ICICI Securities , Kotak Mahindra Capital Company are the merchant bankers of G R Infraprojects IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 26th June 2021.

G R Infraprojects IPO posted revenues of ₹ 7906.94 crores and PAT of ₹ 953.22 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 7,844.13 Cr.
            EBITDA: ₹ 1,326.31 Cr.
            PAT: ₹ 953.22 Cr.
  • EBITDA Margin: 16.91 %
            Pat Margin: 12.15 %
  • Net Worth: ₹ 3980.03 Cr.
  • Market Capitalisation: [●]
  • P/E: 16.73 times
  • P/BV: [●]
  • EV/EBITDA: 2.53 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

G R IPO Financial Performance (Restated)

Financial results of G R Infraprojects IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY21 FY20 FY19
Balance Sheet
Assets 1011604.50 7783.42 5828.73
Net Worth 3980.03 3027.15 2229.68
Total Debt 3590.43 2745.53 1612.88
Profit & Loss
Revenue
Revenue on annualised basis
7844.13 6372.70 5282.58
EBITDA
EBITDA on annualised basis
1326.31 1637.08 1912.54
PAT
PAT on annualised basis
953.22 800.83 716.64
Financials
FY21
FY20
FY19
Balance Sheet
Assets
1011604.50
7783.42
5828.73

Net Worth
3980.03
3027.15
2229.68

Total Debt
3590.43
2745.53
1612.88

Profit & Loss
Revenue
Revenue on annualised basis
7844.13
7,844.13
6372.70
5282.58

EBITDA
EBITDA on annualised basis
1326.31
1,326.31
1637.08
1912.54

PAT
PAT on annualised basis
953.22
953.22
800.83
716.64

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

G R IPO Key performance Indicators (KPI)

G R Infraprojects IPO PAT Margin is 12.15 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows G R Infraprojects IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY21 FY20 FY19
EBITDA Margin (%) 16.91 25.69 36.20
PAT Margin (%) 12.15 12.57 13.57
EPS (₹) 98.31 82.59 73.91
ROE (%) 23.95 26.45 32.14
ROCE (%) [●] [●] [●]
ROA (%) 0.09 10.29 12.29
Debt to Equity 0.90 0.91 0.72
Particulars
FY21
FY20
FY19

EBITDA Margin (%)
16.91
25.69
36.20

PAT Margin (%)
12.15
12.57
13.57

EPS (₹)
98.31
82.59
73.91

ROE (%)
23.95
26.45
32.14

ROCE (%)
[●]
[●]
[●]

ROA (%)
0.09
10.29
12.29

Debt to Equity (x)  
0.90
0.91
0.72

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

G R Infraprojects IPO Valuation Metrics

The market Capitalisation of G R Infraprojects IPO is ₹ 0.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
16.73

P/B (times) :
[●]

NAV (₹) :
411.63

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in G R prospectus?

The G R Infraprojects IPO prospectus highlights an Return on Equity (ROE) of 23.95 % , Return on Assets (ROA) of 0.09 %, and an EBITDA Margin of 16.91 %, showcasing financial performance.

How do profitability ratios impact the evaluation of G R IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows G R Infraprojects IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for G R IPO ?

The post-IPO market capitalisation of G R Infraprojects IPO is ₹ 0.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of G R IPO?

The G R Infraprojects IPO has a Price-to-Earnings (PE) ratio of 16.73 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of G R Infraprojects IPO?

G R Infraprojects IPO reported revenue of ₹ 7906.94 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from G R Infraprojects IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of G R Infraprojects IPO?

G R Infraprojects recorded an EBITDA of ₹ 1,326.31 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of G R Infraprojects IPO?

G R Infraprojects Profit After Tax (PAT) is ₹ 953.22 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 7,844.13 Cr.
            EBITDA: ₹ 1,326.31 Cr.
            PAT: ₹ 953.22 Cr.
  • EBITDA Margin: 16.91 %
            Pat Margin: 12.15 %
  • Net Worth: ₹ 3980.03 Cr.
  • Market Capitalisation: [●]
  • P/E: 16.73 times
  • P/BV: [●]
  • EV/EBITDA: 2.53 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

G R Infraprojects operates in Engineering - EPC and Contractor And Engineering Company. The Issue is listed on BSE,NSE in Jul, 2021. G R Infraprojects IPO size was 963.28 with Issue price of 837.00 .

Merchant Banker(s) of G R Infraprojects IPO: Equirus Capital Private Limited , Hdfc Bank Limited , ICICI Securities Limited , Kotak Mahindra Capital Company Limited

G R Infraprojects IPO subscription was 102.58 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

G R Infraprojects IPO listed at a listing price of 1746.80 against the offer price of 837.00.

The current market price of G R Infraprojects is 1296.20.

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