 "Initial public offerings, IPOs, stock market, investors")
The IPO of G R Infraprojects garnered 5.9 times subscription on Thursday the second day of the issue. The retail investor portion of the IPO has garnered 7.5 times subscription, the wealthy investor portion is subscribed 6.3 times and the institutional portion getting subscribed 2.8 times.GR Infra is an integrated road engineering, procurement and construction company. The company’s IPO comprises secondary share sale worth Rs 962 crore. The price band for the IPO is Rs 828 to Rs 837 per share. at the top-end the company will have a market cap of Rs 8,093 crore.
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