G R Infraprojects Limited & Clean Science and Technology Limited IPO Review by Himanshu Verma

I have mentioned some important lines in bullet points that will help you find the right information easily.

G R Infraprojects Limited

• GRIL Incorporated in 1995.
• GR Infraprojects is an integrated EPC company with experience designing and constructing road and highway projects across 15 states.
• It recently diversified into projects in the railway sector. 
• G R Infraprojects is an integrated road engineering, procurement, and construction company with experience in designing and construction activities and road/highway projects.
• Till April 2021, it has completed 100+ road construction projects successfully.
• And currently, 4 BOT projects are under construction.
• The company owns 3 manufacturing facilities at Udaipur (Rajasthan), Guwahati (Assam), and Sandila (Uttar Pradesh) and has a fabricating and galvanization unit at Ahmedabad, Gujarat.

• The public issue will be a complete offer for the sale of up to 1,15,08,704 equity shares, including an employee reservation portion.
• The public issue will open for subscription on July 7 and close on July 9. The anchor book, if any, will open for a day on July 6.
• The price band for the offer has been fixed at Rs 828-837 per equity share.
• Investors can bid for a minimum of 17 equity shares and in multiples of 17 thereafter. At a  higher price band, retail investors can invest a minimum of Rs 14,229 and a maximum of Rs 1,99,206 as they are allowed to invest up to Rs 2 lakh in the IPO.

• Financials:

• Particulars	For the year/period ended (₹ in million)
  	31-Mar-21	31-Mar-20	31-Mar-19
  Total Assets	1,01,160.45	77,834.16	58,287.31
  Total Revenue	79,069.43	64,237.05	53,255.30
  Profit After Tax	9,532.21	8,008.32	7,166.38

 Clean Science and Technology Limited

• Clean Science Incorporated in 2003.
• Clean Science is among a few companies globally that focus on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost-competitive.
• It manufactures functionally critical specialty chemicals such as Performance Chemicals (MEHQ, BHA, and AP), Pharmaceutical Intermediates (Guaiacol and DCC), and FMCG Chemicals (4-MAP and Anisole).
• The company supplies its products to manufacturers and distributors in India as well as overseas markets i.e. China, Europe, USA, Korea, Taiwan, and Japan.
• Its key customers include Bayer AG, SRF, Gennex Laboratories, Nutriad International NV, and Vinati Organics.
• Planning to leverage leadership position in the specialty chemicals industry to capitalize on industry opportunities.
• Planning to expand manufacturing capacities of existing products and set up additional capacities for new products.

• The initial public offering will be a complete offer for sale of Rs 1,546.62 crore by existing selling shareholders including promoters Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari.

• The public issue will open for subscription from July 7-9.
• IPO price band at Rs 880-900 per equity share.
• You can put in bids for a minimum of 16 equity shares and in multiples of 16 equity shares thereafter.
• Retail investors can invest in one lot to a maximum of 13 lots given the restriction of investment to Rs 2 lakh. They can invest a minimum of Rs 14,400 and a maximum of Rs 1,87,200.
• As it is a complete offer for sale issue, all the money raised through the offer will go to selling shareholders. (Objective of the issue)

• Financials:

• Particulars	For the year/period ended (₹ in million)
  	31-Mar-21	31-Mar-20	31-Mar-19
  Total Assets	6,599.17	4,298.79	3,274.73
  Total Revenue	5,380.71	4,301.65	4,045.63
  Profit After Tax	1,983.80	1,396.31	976.58

  
  

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